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How do I enter my Home Buyers' Plan repayment information in TurboTax?

by TurboTax Updated 5 days ago

Follow these instructions to enter your Home Buyers' Plan repayment information in TurboTax.

Select your product:

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

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