Modernize the Home Buyers' Plan.

What success looks like

Canadians impacted by a sudden and significant life change are better able to manage the costs of finding a home or relocating.

Government's narrative on progress

To provide first-time home buyers with greater access to their RRSPs to purchase or build a home, Budget 2019 proposes to increase the HBP withdrawal limit to $35,000 from $25,000. As a result, a couple will potentially be able to withdraw $70,000 from their RRSPs to purchase a first home. Special rules under the HBP apply to facilitate the acquisition of a home that is more accessible or better suited for the personal needs and care of an individual who is eligible for the disability tax credit, even if the first-time homebuyer requirement is not met. For these cases, the rules will also be modified to provide the same $35,000 withdrawal limit. Budget 2019 also proposes to extend access to the HBP in order to help Canadians maintain homeownership after the breakdown of a marriage or common-law partnership, even if they do not meet the first-time home buyer requirement.

Note: this is the government's own description, not an independent assessment.