The Home Buyer's Plan (HPB) RRSPs and Your Down Payment for a First Home PurchaseDid you know that the Home Buyer's Plan (HBP) is a program for first time home buyers allowing them to withdraw up to $25,000 from their registered retirement savings plan (RRSP) to buy or build a qualifying home. (This used to be $20,000) Withdrawals that meet all applicalbe HBP conditions do not have to be included in your income, and your RRSP issuer will not withhold tax (0 comments)