Can I Borrow From My Pension To Buy A House May 2026

Canada offers a dedicated program for first-time buyers using their Registered Retirement Savings Plan (RRSP):

: You must pay the funds back into your RRSP over 15 years. can i borrow from my pension to buy a house

You pay interest back into your own account, usually at the prime rate plus 1-2%. Canada offers a dedicated program for first-time buyers

: First-time homebuyers can withdraw up to $10,000 penalty-free. can i borrow from my pension to buy a house

Roth IRA contributions can be withdrawn at any time without taxes or penalties.