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While the HBP is a powerful tool for Canadian residents, the rules change significantly if you become a of Canada. 1. Eligibility at the Time of Withdrawal home buyers plan non resident
To participate in the HBP, you must meet specific residency requirements at two critical stages: AI responses may include mistakes
You must be a resident of Canada.
Failure to repay the balance within this timeframe results in the outstanding amount being added to your income for the year you left Canada, which could trigger a significant tax bill. 3. Ongoing Repayment Rules for Non-Residents home buyers plan non resident