@TurboTaxJennifer I think this question is around repayment, rather than withdrawal and I have the same question. As Group RRSP contributions are pre-tax unlike regular RRSP contributions, if we designate those to HBP repayment, will that be added back to the taxable income and therefore increase total tax?
I am assuming any designations to HBP repayment, will not be having tax benefits like regular RRSP contributions because, we already got that benefit when we contributed to RRSP before withdrawing for HBP. Please clarify the same.
