I have contributed some $ X for RRSP in 2019 and I have withdrawn the same $ X for my first time home buying in 2019 itself.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?
02998
2 Replies
TurboImpotBrenda1
Level 7
Jan 22, 2020 7:11:40 AM
Yes, you can, but only if it was contributed 90 days prior to the HBP Withdrawal.
TurboTaxAllen
Level 5
Feb 21, 2020 6:49:15 AM
For your Reference: How to participate in the Home Buyers' Plan (HBP)