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

by TurboTax•10• Updated 1 week ago

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

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  1. Answer the initial Personal info interview questions if you haven't already. This unlocks 2024 tax return.
  2. Enter your RRSP contributions in TurboTax if you haven’t already.
  3. From 2024 tax return, under Add to your return, enter registered and select Registered Savings Plan Profile.
  4. At Your registered savings plan profile, 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. At Home Buyers' Plan (HBP), 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. At Home Buyers’ Plan (HBP) Profile, select Designate an amount as a Home Buyers’ Plan repayment, then select Continue. 
  5. At Home Buyers’ Plan (HBP), enter your repayment info, then select Continue. 
  6. At Details of the Home Buyers’ Plan (HBP) Repayment, enter additional info if applicable, then select Continue.
  7. To see your HBP repayment summarized, continue until you reach Here’s your RRSP/PRPP Registered saving plans summary.