The Home Buyers' Plan (HBP) is a program that allows Canadian residents to borrow up to $25,000 from their Registered Retirement Savings Plan (RRSP) for the purpose of purchasing or building a home. The money is tax free as long as it is used towards the purchase or building of a new home. The borrower must be a first-time home buyer or disabled to be eligible for the Home Buyers' Plan program. Also, the new home must be intended as the borrower's principal place of residence. The borrower has 15 years to repay the amount that was withdrawn from the retirement savings plan.

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