Can I Borrow From My Pension To Buy A House (Proven — 2026)

While the 10% early withdrawal penalty is waived, you must still pay ordinary income tax on the amount.

You pay interest back into your own account, usually at the prime rate plus 1-2%.

: You can withdraw up to $60,000 tax-free to buy or build a home. can i borrow from my pension to buy a house

: You must pay the funds back into your RRSP over 15 years.

: If you leave your job, the balance is often due immediately or by the next tax deadline; otherwise, it is taxed as a withdrawal. While the 10% early withdrawal penalty is waived,

Roth IRA contributions can be withdrawn at any time without taxes or penalties.

: Check your eligibility on the official Canada.ca HBP page . Australia: First Home Super Saver (FHSS) Scheme : You must pay the funds back into your RRSP over 15 years

In the U.S., you generally have two main ways to use retirement funds for a home purchase: