📄 Form T1036 – Home Buyers’ Plan (HBP) Request to Withdraw Funds from an RRSP

Form T1036 is an official Canada Revenue Agency (CRA) tax form used by individuals who want to withdraw funds from their Registered Retirement Savings Plan (RRSP) under the Home Buyers’ Plan (HBP). The form notifies both the CRA and your financial institution that your withdrawal qualifies for HBP treatment and should not be taxed at source. ([canada.ca](https://www.canada.ca/en/revenue-agency/services/forms-publications/forms/t1036.html))

🏠 What Is the Home Buyers’ Plan (HBP)?

The Home Buyers’ Plan allows first‑time homebuyers to withdraw funds from their RRSPs to buy or build a qualifying home without immediate tax withholding. Eligible individuals can withdraw up to $60,000 per person (up to $120,000 as a couple) and repay the amounts back into their RRSPs over a period of up to 15 years. ([canada.ca](https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/rrsps-related-plans/what-home-buyers-plan/participate-home-buyers-plan.html))

📥 How to Get and Complete Form T1036

  • Download the fillable PDF (e.g., t1036-fill‑11‑24e.pdf) and open it with Adobe Acrobat Reader 10 or later. ([canada.ca](https://www.canada.ca/en/revenue-agency/services/forms-publications/forms/t1036.html))
  • Complete Part A of Area 1 to confirm your eligibility and enter your details. ([canada.ca](https://www.canada.ca/en/revenue-agency/services/forms-publications/forms/t1036.html))
  • Give the form to your RRSP issuer (your financial institution) so they can complete Part B and process the withdrawal.
  • Print and sign a hard copy if needed. Alternate formats (audio, braille, large text) are available by request. ([canada.ca](https://www.canada.ca/en/revenue-agency/services/forms-publications/forms/t1036.html))

📅 Eligibility Requirements

To qualify for an HBP withdrawal using Form T1036:

  • You must be a Canadian resident.
  • You must be a first‑time homebuyer or meet specific criteria if buying with a spouse/common‑law partner.
  • You must have a written agreement to buy or build a qualifying home.
  • RRSP funds must have been in the plan for at least 90 days before the withdrawal.

💰 Amounts and Repayments

The maximum RRSP withdrawal under the HBP is currently $60,000 per eligible person. Couples can each withdraw up to this amount, for a total of $120,000. Withdrawn amounts must be repaid over a maximum of 15 years, starting the second year after the withdrawal. If you don’t repay on schedule, the unpaid amount must be included in your taxable income.

📌 Important Considerations

  • Each withdrawal requires its own Form T1036.
  • Withdrawals processed without proper HBP documentation can be treated as regular taxable RRSP withdrawals. Ensure your issuer properly processes the form. (General CRA practice)
  • Keep copies of all filed forms and correspondence with your RRSP provider for your tax records. (CRA best practice)

Official download and full instructions for the form are available on the Canada Revenue Agency website: Form T1036 – Home Buyers’ Plan (HBP) Request to Withdraw Funds from an RRSP . ([canada.ca](https://www.canada.ca/en/revenue-agency/services/forms-publications/forms/t1036.html))