The 1st Time Home Buyer's Plan has a newly increased withdrawal limit of $25,000 from $20,000 to assist 1st Time Home Buyers by allowing them to withdraw from their RRSPs to buy a home. Eligible couples can now withdraw up to $50,000.
http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/rrsp-reer/hbp-rap/menu-eng.html
