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Seniors and students
Hi
Per CRA, the First Time Homebuyer's Credit is claimed in the year that the home is acquired.
The T4RSP for the Homebuyer's plan, does not affect your tax return. It is for information purposes for CRA to complete the repayment schedule. Your repayment, to your own RRSP's, will be required in the 2nd year following the withdrawal, which also will be 2017 for you.
Hope this helps.
Christine
‎October 29, 2019
10:24 PM