What is the interest rate charged on the HBP withdrawal?

The loan from your RRSP, through the HBP option, is interest free. No interest is charged nor paid.

Related Questions

• What is the Home Buyers’ Plan (HBP)?
• Who qualifies to participate in the HBP?
• How much can I withdraw from my RRSP under the HBP?
• My partner and I want to purchase a home. Can each of us make an HBP withdrawal from our RRSPs?
• My sisters and I want to buy a home together. Can we use the HBP?
• Do I have to include my HBP withdrawal in my income and thus pay income tax?
• How quickly do I have to repay the HBP withdrawal?
• When do I have to make my annual payment?
• What if I want to build a new home rather than buy an existing home?
• What if I want to buy an apartment, does it qualify?
• Years ago I used the HBP to purchase my first home. Can I use it again?
• What is the 5-year rule?
• If I am a first-time homebuyer, do I get any other benefits?
• What forms do I need to complete to apply for the First-Time Home Buyers’ Tax Credit?
• What forms do I need to complete to apply for the HBP?
• Does anyone with an RRSP qualify for the HBP?
• Do I have to identify the home I want to purchase under the HBP?
• What if I fail to purchase the home described in Section “B” of the application?
• What if I have not purchased a home by the October 1st deadline?
• What if I cannot find a substitute home or want to return the funds withdrawn under the HBP?
• Do I have to return the withdrawn funds to the same RRSP plan?
• What if I fail to purchase a qualified home and I do not return the withdrawn funds by the December 31st deadline?
• If I return the HBP withdrawal to my RRSP, do I have to wait for 5 years before I can use the HBP again?
• Will withdrawing funds under the HBP impact my RRSP contributions?
• What happens if I die before fully repaying the HBP withdrawal?
• I have more than one RRSP. Can I withdraw from more than one account?
• I just bought a house. Can I still qualify to make an HBP withdrawal?
• I am moving back to Canada after living abroad for a number of years. Can I qualify to make an RRSP withdrawal under the HBP?
• How does the Canada Revenue Agency know that my HBP withdrawal was used to purchase a home?
• What is the actual acquiring date of a home that qualifies under the HBP?
• Can I make a HBP withdrawal from my Spousal RRSP?
• When do I make my annual HBP repayment?
• How do I make my annual HBP repayment?
• What if I currently do not have sufficient income and do not file an annual T1 Income Tax Return, how do I record my HBP repayment?
• Does my repayment impact my RRSP contribution limits?
• I understand that I must repay my HBP withdrawal over a 15-year period. Can I repay my withdrawal sooner?
• What if my repayment in a single year is less than the minimum annual repayment amount?
• Does the Canada Revenue Agency (CRA) keep track of the outstanding balance of my HBP withdrawal?
• Are there contributions that cannot be designated as a HBP repayment?
• What if I become a non-resident after my HBP withdrawal?
• I’ll be 71 years old next year and I am required to convert my RRSP into a Registered Retirement Income Fund (RRIF). How do I make my annual HBP repayments?
• I have already withdrawn funds from my RRSP under the HBP. Can I still withdraw funds under the Lifelong Learning Plan (LLP)?
• I have a Locked-In RRSP. Can I make an HBP withdrawal?
• Where can I go to obtain more details about the HBP?