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For years, the Home Buyers’ Plan was the only game in town for the many Canadians who dreamed of saving enough money for a down payment towards a first home or condo. The HBP allows first-time home buyers to withdraw funds from an RRSP to purchase or build a home without having to pay tax on the withdrawal. Amounts withdrawn under the HBP must be repaid to your RRSP over a 15-year period.

http://business.financialpost.com/real-estate/mortgages/ottawa-raised-the-home-buyers-plan-limit-to-35000-heres-how-to-take-advantage-of-it

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