T1036 2026

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The document outlines the process for withdrawing funds from a Registered Retirement Savings Plan (RRSP) under the Home Buyers' Plan (HBP) in Canada. It includes eligibility criteria, a questionnaire to determine if participants can make a withdrawal, and instructions for completing the necessary forms. The maximum withdrawal amount is $25,000, and participants must ensure all conditions are met before proceeding.

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Click ‘Get Form’ to open the t1036 in the editor.
Begin with Area 1, Part A. Answer the eligibility questions regarding your residency and previous withdrawals. Ensure you provide accurate responses to determine your eligibility for the Home Buyers' Plan.
If eligible, proceed to Part B. Fill in your personal details including your first name, last name, social insurance number, and address of the qualifying home.
Complete the certification section in Part C by signing and dating the form. Make sure all information is correct before submission.
Once completed, save your document and share it with your financial institution as required.

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Versions	Form popularity	Fillable & printable
2024	4.7 Satisfied (46 Votes)
2021	4.8 Satisfied (38 Votes)
2020	4.8 Satisfied (68 Votes)
2018	4.3 Satisfied (38 Votes)
2017	4.4 Satisfied (101 Votes)
2015	4.4 Satisfied (553 Votes)
2012	4 Satisfied (34 Votes)

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Can I withdraw from HBP after closing?

A withdrawal from the plan can be done up to 30 days after your closing date. After 30 days, you are no longer eligible to make the withdrawal under the Home Buyers Plan.

What is the enhanced home buyers plan limit from $35000 to $60000?

On April 16, 2024, the withdrawal limit was increased to $60,000 per individual from $35,000. This means that, where both spouses or common-law partners have an RRSP, the couple can withdraw up to $120,000 with this plan.

What is T1036?

This form is used by individuals, business, administrators, who wish to withdraw funds from an RRSP to participate in Home Buyers Plan.

What is form T1036?

T1036 Home Buyers Plan (HBP) - Request to Withdraw Funds from an RRSP.

What are the disadvantages of using the HBP?

HBP Cons: Retirement put at risk: While the HBP is meant to restore retirement funds in the long run, the onus rests solely on the home buyer to repay them. Lost interest building opportunities: Pulling RRSP funds for a downpayment effectively cuts short their interest-earning capabilities.

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How long do funds need to be in RRSP for HBp?

To qualify, the RRSP funds youre using must be on deposit for at least 90 days. You must also provide a signed agreement to buy or build a qualifying home. The best part is the withdrawal is not taxable as long as you repay it within a 15-year period.

What happens if I dont pay back my home buyers plan?

You have up to 15 years to repay what you owe, and youll need to pay back at least 1/15 of the total amount youve withdrawn per year. If you dont, youll need to include the rest in your annual income.

What is a T1036 form?

Making your withdrawal To make withdrawals from your RRSPs under the HBP, fill out Form T1036, Home Buyers Plan (HBP) Request to Withdraw Funds from an RRSP. You have to fill out a separate form for each withdrawal you make. After filling out Area 1 of Form T1036, give it to your RRSP issuer.