1. Use the RRSP Home Buyers’ Plan to buy your first house
Will you be a first-time home buyer? You can use your RRSP to help buy your first house using the Home Buyer’s Plan (HBP).
You (and your spouse if you have one) can borrow up to $35,000 from your RRSP to buy your first home. And you must pay the money back to your RRSP over a 15-year period.