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Can I combine several savings methods for my down payment?
Yes, you can combine the HBP (RRSP), TFSA and FHSA to buy the same property. The amounts used in each savings plan will then be added together.
Good to know
The HBP has a withdrawal limit of $35,000.
Visit our RRSP and TFSA page to learn more about these savings plans.
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Related questions
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How to withdraw money from my TFSA? Here’s how to withdraw money from your TFSA. You should receive the funds in your National Bank account instantly. -
FHSA, RRSP or TFSA, which one to choose? Your RRSP (HBP), TFSA and FHSA are attractive savings programs for first-time buyers. Discover their distinct advantages. -
When will I receive my tax slips? Find out when your tax slips are due for the tax season. -
What is the minimum age for contributing to an RRSP? Find out at which age you can open an RRSP. -
Can I use multiple savings plans for my down payment? You can combine your RRSP (HBP), TFSA and FHSA when purchasing a property.
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