The Home Buyers' Plan lets you pull up to $60,000 out of your RRSP, tax-free, for a first home — as long as you pay it back over 15 years. Here's the exact repayment you're signing up for.
| Tax year | Minimum repayment | Cumulative repaid | Balance left |
|---|
Withdrawals must be repaid into an RRSP and designated as HBP repayments on your tax return. Repayments are not tax-deductible (you already got the deduction once). This is a planning estimate — CRA's rules and your Notice of Assessment carry your official HBP balance.
How much home you can afford on your salary — GDS/TDS limits, qualified at the stress-test rate like a lender does.
Open calculator →Your exact payment with Canadian semi-annual compounding, all frequencies, CMHC insurance and a full amortization schedule.
Open calculator →Your qualifying rate, the payment you're actually tested on, and a clear pass/fail under the federal B-20 rules.
Open calculator →Rent or buy in the GTA? The true net cost of each — land transfer tax and CMHC included — over your time horizon.
Open calculator →Ontario + Toronto land transfer tax, first-time buyer rebates, minimum down payment and CMHC premium in one estimate.
Open calculator →Breaking your mortgage to refinance? New payment, monthly savings, penalty estimate, and the break-even month.
Open calculator →Extra monthly payments or a lump sum: interest saved, time cut off, and your new mortgage-free date.
Open calculator →Every cash cost at closing in Ontario: land transfer tax, legal, appraisal, inspection, and the total cash you need.
Open calculator →First Home Savings Account: $8,000/yr up to $40,000, tax refunds, growth, and your total down payment fund.
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