Get Home Buyers' Plan (hbp) Request To Withdraw Funds - Agence Du ... - Cra-arc Gc

The Home Buyers' Plan (HBP) allows individuals to withdraw funds from their registered retirement savings plan (RRSP) to purchase a qualifying home. This guide provides a clear step-by-step approach to filling out the HBP Request To Withdraw Funds form online, ensuring that you meet eligibility requirements and understand each section of the document.

Follow the steps to accurately complete the HBP withdrawal request form.

1. Press the ‘Get Form’ button to obtain the form and access it in the online editor.
2. In Area 1, Part A, answer the eligibility questionnaire. Begin with the first question to confirm your residency in Canada. Proceed through the questions, providing accurate responses to ensure your eligibility for the HBP.
3. If you answer ‘Yes’ to the last question in Part A of Area 1, move to Part B. Fill in your personal information, including your first name, last name, and the address of the qualifying home you intend to buy or build.
4. In Part B, mention your social insurance number (SIN) and the amount you wish to withdraw, ensuring it is within the maximum limit of $25,000.
5. In Part C, enter the date you require the funds and provide your signature certifying the information is accurate. Make sure to record the account number of the RRSP from which the funds will be withdrawn.
6. Once you've completed the form, review all your entries for accuracy. Save your changes and then download or print the form as needed. You may share it with your financial institution to proceed with your withdrawal request.

Begin your Home Buyers' Plan withdrawal process by completing your form online today.