How do I enter my Home Buyers' Plan repayment information in TurboTax?
Follow these instructions to enter your Home Buyers' Plan repayment information in TurboTax.
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- Answer the initial Personal info interview questions if you haven't already. This unlocks the Tax home screen.
- Enter your RRSP contributions in TurboTax if you haven’t already.
- From the Tax home screen, under Add to your return, enter registered and select Registered Savings Plan Profile.
- On the Your registered savings plan profile screen, check the box for Repayment or withdrawals for the Home Buyers’ Plan and select Continue.
- Continue until you reach the Home Buyers' Plan (HBP) Profile screen.
- Select Designate an amount as a Home Buyers’ Plan repayment, then select Continue.
- On the Home Buyers' Plan (HBP) screen, enter your repayment details, then select Continue.
- Enter your RRSP contributions in TurboTax, if you haven’t already.
- Select Find (or the magnifying glass icon) from the menu.
- In the Find pop-up, enter home buyers’, select Home Buyers’ Plan, then select Go.
- On the Home Buyers’ Plan (HBP) Profile screen, select Designate an amount as a Home Buyers’ Plan repayment, then select Continue.
- On the Home Buyers’ Plan (HBP) screen, enter your repayment info, then select Continue.
- On the Details of the Home Buyers’ Plan (HBP) Repayment screen, enter additional info if applicable, then select Continue.
- To see your HBP repayment summarized, continue until you reach the Here’s your RRSP/PRPP Registered saving plans summary screen.