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Buying a Home

Save your down payment

Here are a few strategies to help you save for and increase your down payment:

  • Set up a regular automatic savings plan
  • Save any special monetary gifts you may receive
  • Use any investments or other collateral you may have1
  • Take advantage of the RSP Home Buyers' Plan

Consider using your RSP to help with your down payment

  • If you’re a first time buyer, the RSP Home Buyers’ Plan lets you withdraw up to $25,000 from your RSPs (up to $50,000 for a couple), subject to certain conditions
  • The withdrawn amount must be repaid within 15 years, subject to a minimum annual repayment that is 1/15 of the amount withdrawn. Find out more about the RSP Home Buyers' Plan (opens new window)
1Please discuss the implications of withdrawing investments with a tax professional.

Down Payment Calculator

Use this calculator to find out how much you'll need to save each month.

TD Cash Flow Calculator

Enter your financial information to find out where you stand.




Start saving for your down payment and your retirement with an RSP.

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Our Pre-Authorized Transfer Service can help you automatically save for your down payment.

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