Home Buyers' Plan (HBP)

Home Buyers' Plan (HBP),

What is Home Buyers' Plan (HBP)?

The Home Buyer Plan (HBP) is a Canadian program that allows people with a Registered Retirement Savings Plan (RRSP) to use up to 35 35,000,000 in plan assets to buy a home.

  • The Home Buyer Plan (HBP) allows first-time Canadian homeowners to borrow up to ، 35,000 of their retirement-free assets without penalty.
  • To become eligible, funds cannot exceed the limit and must be withdrawn within 30 days of staying in the apartment.
  • Funds raised from pension funds will have to be repaid seventeen years later (no mandatory repayment during the first two years of the loan).

Literal Meanings of Home Buyers' Plan (HBP)

Home:

Meanings of Home:
  1. A place where you live permanently, especially as a family or household member.

  2. A place for people who need professional care or supervision

  3. A goal or end point (in sports).

  4. Regarding where we live

  5. (Sports) A game played on a field or team field.

  6. Name of the organization's administrative center.

  7. Where we live

  8. (The beast) easily returns after leaving its territory.

  9. Move or aim with great accuracy (target or target)

Sentences of Home
  1. I left home and went to college when I was 19 years old.

  2. Rest house

  3. It is four doors from your house

  4. I don't have your personal address

  5. This is your first home game of the season

  6. The company changed its headquarters

  7. When did you come home last night

  8. A dozen gasses on their way to their summer nesting sites

  9. More than 100 missiles were fired, focusing on radar emissions

Synonyms of Home

accommodation, retirement home, property, zero in on, spotlight, old people's home, highlight, concentrate on, children's home, centre on, focus on, institution, rest home, convalescent home, a roof over one's head, aim at, place of residence, underline, pinpoint, residential home, focus attention on, fix on, nursing home

Buyers:

Meanings of Buyers:
  1. The person who made the purchase.

Sentences of Buyers
  1. No one knows who bought the car because no one wants to make their purchase public.

Synonyms of Buyers

investor, shopper, customer, purchaser, user, patron, client, consumer

Plan:

Meanings of Plan:
  1. Make up your mind and plan ahead.

  2. A project or plan (to create or create something)

  3. Detailed advice on what to do or get.

  4. Any intention or decision about what to do.

  5. A detailed map or diagram

Sentences of Plan
  1. They are planning a trip to Egypt

  2. They make gardens

  3. I have no intention of resigning

Synonyms of Plan

organize, line up, think out, map out, shape, objective, draw up a layout of, project, arrange, aspiration, plan of action, agenda, procedure, recipe, ambition, develop, object, master plan, idea, aim

HBP:

Meanings of HBP:
  1. Collision with a pitch (in the points box, a batsman)