RRSP HBP withdrawal limit increased from $35,000 to $60,000.

Saturday Dec 28th, 2024

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RRSP HBP withdrawal limit increased from $35,000 to $60,000.

As of April 16th, 2024, the qualified first time home buyers can withdraw up to $60,000 from their RRSP as part of the RRSP First Time Home Buyer Plan. The 2024 federal budget approved the increase from $35,000 to $60,000.

Please click on the links above to learn more about the RRSP HBP and the increased limit, and let us know if you have any questions.

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