Nearly 500,000 made no Home Buyers’ Plan repayment for 2025
Nearly half a million Home Buyers’ Plan participants made no repayment for the 2025 tax year, a Canadian Mortgage Trends review of Canada Revenue Agency data found.
About 1.23 million participants had a repayment due. Of those who had filed a return, 518,520 fell short of the annual minimum. The CRA’s first breakdown of those shortfalls shows that 476,100 repaid nothing, or nearly 92% of those who fell short. The other 42,420 made a partial repayment.
The Home Buyers’ Plan allows eligible buyers to withdraw money from their RRSPs to buy a home. Participants generally have up to 15 years to repay the amount withdrawn. Any portion of the annual minimum they don’t repay is included in their taxable income for that year, and their remaining plan balance is reduced by the same amount.
The CRA confirmed that participants who first withdrew funds in 2022 or 2023 were excluded from the 2025 repayment figures. Under temporary relief measures, their first required repayments are due for the 2027 and 2028 tax years, respectively.
Late returns can change the count
As of October 2026, 87,940 participants with a repayment due had yet to file a 2025 return. The CRA counts them among those with a repayment due and adds them to its repayment results once their returns are processed.
Among participants with a repayment due who had filed a return, 45.2% fell short of the annual minimum in 2025, compared with 45.8% in 2024 and 46.3% in 2023.
“As late-filed returns are received and processed, these results will continue to change,” CRA spokesperson Déborah Cléry said in an email. The agency expects the number of outstanding 2025 returns to fall significantly.
The CRA initially reported that 542,760 participants fell short in 2024. Its latest count is 592,970, an increase of just over 50,000.
The CRA reported $456.1 million in Home Buyers’ Plan amounts included in taxable income for 2025. That figure includes repayment shortfalls, ineligible withdrawals and amounts withdrawn above the plan’s limit. The CRA figures give no separate dollar total for missed repayments.
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Last modified: November 11, 2026
