Is the home buyers' plan (HBP) available where the home is acquired by way of gift? CRA responded:
[Y]ou must have entered into a written agreement to acquire or construct a home before receiving an amount as a benefit under a registered retirement savings plan. In our view, where a written agreement is for the acquisition of a home by way of gift, there is a valid acquisition for the purposes of that definition. Consequently, provided the other conditions for participating in the HBP are satisfied, acquiring a qualifying home by way of gift will not prevent you from participating in the HBP.