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vegasgirl
New Member

Going through final review and getting this error that I cannot fix.

I didn't pay into RRSP's this year due to unemployment, but I do have a yearly repayment to the Home Buyers' Plan for 2016.  I cannot repay the amount because I can't exceed my RRSP contributions, which was 0.  For some reason, when I try to 'Fix' the error, it just keeps popping back to the same review errors screen asking to 'Fix' again.  I basically need to take out the HPB repayment that has somehow imbedded itself in my taxes and I can't seem to remove it.  I assume that the unapid HPB repayment would be added as income, yes?  Any idea how to actually remove this imbedded payment??
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Accepted Solutions

Going through final review and getting this error that I cannot fix.

The minimum HBP repayment will be reported as income on Line 129 (RRSP income). Use the "RRSP" tab > "RRSP Profile" and select Home Buyers Plan repayment. Continue until you reach that screen. Provide the currernt balance of your HBP, the minimum repayment required and leave the other amounts blank. The correct income will transpose to your tax return and CRA will update your HBP balance going forward.

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1 Reply

Going through final review and getting this error that I cannot fix.

The minimum HBP repayment will be reported as income on Line 129 (RRSP income). Use the "RRSP" tab > "RRSP Profile" and select Home Buyers Plan repayment. Continue until you reach that screen. Provide the currernt balance of your HBP, the minimum repayment required and leave the other amounts blank. The correct income will transpose to your tax return and CRA will update your HBP balance going forward.