A federal government plan allows first-time home buyers to use their RRSPs to help finance their home purchase. This money can be used as a down payment, or to help with other closing costs. RRSP home ownership withdrawal forms are available from your RRSP holder link to form. The criteria are as followsEach applicant can withdraw up to 25,000.Applicants cannot have owned a principal residence within the past 5 years, unless it was a revenue property.You must reside in the home for at least one year.The RRSP funds must have been invested for more than 89 days before withdrawal to qualify.The withdrawn amount must be repaid, over an interest-free repayment period that can be as long as 15 years.