Skip to main content
by learnformula
Explore courses
search
For Business
Team license & compliance management
For Higher Education
Academic partnerships
For Government Agencies
Government training solutions
For Instructors & Course Creators
Teach on our marketplace
Become a Sponsor
Reach professionals where they learn
Log inStart 7-Day Free TrialStart Free TrialStart Free Trial
search
Explore courses
  1. Courses
  2. /Accounting & Tax
  3. /Personal Tax

Home Buyers’ Plan: RRSP Withdrawals for First-Time Buyers

Maximize your homeownership dreams by mastering RRSP withdrawals. Learn to strategically leverage your savings, understand the new $60,000 limit, and navigate crucial repayment rules.

Created byMaple Ledger Institute
BeginnerUpdated Dec 1, 2025

What You'll Learn

  • check_circleUnderstand HBP eligibility for first-time buyers.
  • check_circleLearn the updated $60,000 HBP withdrawal limit.
  • check_circleGrasp the 89-day rule for RRSP contributions.
  • check_circleComprehend the 15-year HBP repayment schedule.
  • check_circleIdentify HBP tax implications and reporting duties.
  • check_circleNavigate HBP rules for non-residents and death.

About This Course

Unlock the power of your RRSP to achieve homeownership with "Home Buyers' Plan: RRSP Withdrawals for First-Time Buyers." This comprehensive course is meticulously designed for working professionals seeking a deep understanding of how to leverage the Home Buyers' Plan (HBP) to finance their first home. Navigate the complexities of eligibility, withdrawal mechanics, repayment obligations, and critical tax implications with confidence.

Upon completion of this course, you will be able to:

  • Understand HBP eligibility criteria, including the updated definition of a "first-time buyer," provisions for persons with disabilities, and the nuances of partner-based eligibility.
  • Master the withdrawal process, from completing Form T1036 and understanding the $60,000 withdrawal limit (effective April 16, 2024), to avoiding immediate withholding tax.
  • Grasp the critical "89-day rule" to correctly calculate non-deductible RRSP contributions and ensure tax compliance.
  • Navigate the mandatory repayment schedule, including the temporary repayment relief for recent withdrawals, the mechanics of early and partial repayments, and the tax consequences of missed payments.
  • Identify contributions that do not qualify as HBP repayments and understand specific exclusions.
  • Understand the impact of life events like death, relationship breakdown, or non-residency on your HBP obligations and learn how to manage them.
  • Master the crucial reporting requirements on Schedule 7, ensuring accurate annual tax filings and compliance with Canada Revenue Agency guidelines.

This course ensures you can skillfully leverage your RRSP assets for a down payment or home purchase, preserving the long-term tax advantages of your retirement savings while successfully navigating the path to homeownership.

Course Content

6 activities • 24 videos • duration: 58m

  • videocamOverview of the Home Buyers' Plan
    Duration 2:48
  • videocamEligibility and First-Time Home Buyer Status
    Duration 1:29
  • videocamParticipation for Persons with Disabilities
    Duration 1:08
  • videocamComparing HBP to Other Plans
    Duration 1:54

Your Instructor

Maple Ledger Institute

Advancing Accounting Excellence Across Canada

menu_book11 courses
star109 reviews

Maple Ledger Institute provides continuing professional development for Canadian accountants, finance teams, and advisory professionals. Our programs are designed to align with CPA provincial body requirements, covering evolving standards in assurance, taxation, financial reporting, and ethics. We specialise in delivering practical, up-to-date CPD that reflects the realities of Canadian regulatory frameworks and the rapidly changing financial landscape.

Credit Information

Professional development requirements vary by profession, country, and regulatory body. Before enrolling, review the course details and confirm that the content, learning format, and any listed credits meet your specific requirements. You are responsible for confirming eligibility with your regulator or professional association and keeping the records required for reporting.

What Students Are Saying

5.0 out of 5
Student's Choice
29 reviews
  • NS
    Natalie S.
    starstarstarstarstar

    Interesting and Informative

  • RB
    Rose B.
    starstarstarstarstar

    a lot of good information, speaker spoke too fast at times to enable to take notes, examples would have enhanced the learning and understanding of some of the calculations.

Frequently Asked Questions

We are a registered provider with 300+ associations and regulatory bodies worldwide. We operate across 27 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.

You May Also Like

  • Ethics: Business Ethics

    2026 Ethics and Corporate Compliance

    starRated5.0out of 5,(601 reviews)
    2 CPD hrs
  • Finance: NASBA - Finance

    Sensitivity Analysis and Scenario Planning

    starRated5.0out of 5,(151 reviews)
    1.5 CPD hrs
  • Accounting & Tax: Technology for Accountants

    Claude Fundamentals for Accountants (2026 Update)

    starRated5.0out of 5,(682 reviews)
    2.5 CPD hrs