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Ramaraju
Returning Member

RRSP

I have contributed some $ X for RRSP in 2019 and I have withdrawn the same $ X for my first time home buying in 2019 itself. In this case, can I still deduct that $ X from my total income while filing the income tax returns for 2019?

2 Replies

RRSP

Yes, you can, but only if it was contributed 90 days prior to the HBP Withdrawal.

RRSP

For your Reference: How to participate in the Home Buyers' Plan (HBP)

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/rrsps-related-plans/what-hom...