Many first time home buyers do not realize you can use up to $25,000 from your RRSP (Registered Retirement Savings Plan) and withdraw funds from your TFSA (Tax Free Savings Account) as well. Keep in mind, the rule is $25,000 dollar withdrawal per person. For Example, if you and your spouse are purchasing a home, you both can use two accounts (each account has to be under a separate name) can withdraw the $25,000 dollars. This means that together you can have $50,000 dollars from your RRSP’s as down payment! Same rule applies for the TFSA accounts.