Your estimated Home Buyers' Plan figures
The withdrawal is tax-free if you repay it on schedule. The repayment is spread over 15 years. Read the guide, then confirm your eligibility with the CRA before you withdraw anything.
Free tool · Canada · Rules from the Canada Revenue Agency
Home Buyers' Plan Calculator
Enter your RRSP balance, the amount you plan to withdraw, and how many years until you buy, and see the most you can withdraw under the Home Buyers' Plan, your annual repayment, and what your RRSP could look like by the time you buy. This is an estimate only. It is not tax or financial advice, and the CRA decides whether you qualify.
The balance in the RRSPs you could withdraw from. Locked-in RRSPs and some group RRSPs do not allow a withdrawal under the plan.
The Home Buyers' Plan withdrawal limit is $60,000 per person. If you enter more than that, or more than your balance, this calculator caps it and says so.
How many years from now until you buy or build the qualifying home. Your RRSP keeps growing on the money you leave in it.
The annual return you expect your RRSP to earn, entered by you. This calculator does not supply a return and does not predict investment performance. It assumes the same return every year, with no new contributions.
How the estimate works (the CRA's rules, as the CRA states them)
Tax year. The figures on this page are the rules in force for 2026.
Withdrawal limit. The maximum you can withdraw under the Home Buyers' Plan is $60,000 per person. You can withdraw from more than one RRSP as long as you are the annuitant of each one. Your RRSP issuer will not withhold tax on withdrawn amounts of $60,000 or less. A spouse or common-law partner can each withdraw up to $60,000 from their own RRSP for the same home, for a combined $120,000.
Repayment. You must pay back the amount you withdrew within a 15-year period. The minimum annual repayment is the outstanding balance divided by the years left in the 15-year period, so in the first repayment year it is the withdrawal divided by 15: $4,000 a year on a $60,000 withdrawal. Repayments are contributions to your own RRSP that you designate as repayments on Schedule 7 of your tax return. Contributing is not enough on its own; you must designate it.
When repayment starts. For a first withdrawal made between January 1, 2026, and December 31, 2028, the start of the 15-year repayment period is deferred to the fifth year after the year of the first withdrawal. For example, if you make your first withdrawal in 2026, your first repayment year is 2031. For first withdrawals before 2022, repayment started in the second year after the withdrawal year. This calculator uses the fifth-year start for withdrawals in 2026 to 2028, and says so when your purchase year falls outside that window.
Projected RRSP balance. The projected balance at purchase is your RRSP balance minus the withdrawal, grown at the annual return you enter, compounded once a year for the number of years until you buy. It assumes no new contributions and no other withdrawals.
What this calculator leaves out. Eligibility, the 90-day rule for contributions, the first home savings account (which can be used alongside the Home Buyers' Plan for the same home), fees, taxes on any amount you fail to repay, and any change in the return from year to year.
Sources: Canada Revenue Agency, The Home Buyers' Plan (Canada.ca), opened at build time, for the $60,000 limit, the 15-year repayment period, and the temporary repayment relief for first withdrawals from January 1, 2026, to December 31, 2028. No figure on this page comes from anywhere else. Where a figure could not be verified on an opened official page, this page says to check the official page instead of stating it.
Next step: read the full step-by-step guide: How to Use the Home Buyers' Plan in Canada