CB110
New Member

I have a HBP payment to make and pay it form my RPP. How do I enter that information into turbo tax? to show repayment as I do not have RRSP info

How to I show a HBP repayment from my RPP using turbo tax. 

Previous years the CRA just took it (I believe we entered it into line 150, but unsure here)

 In the past I think I put the repayment onto line 150 of my return but I do not see that here


‎October 29, 2019 7:54 PM
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CB110
New Member

Seniors and students

Do I simply add the repayment amount in the HBP section and the CRA will deduct it from the RPP?
‎October 29, 2019 7:54 PM
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TaxHelp5
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Seniors and students

You cannot repay HBP with RPP contributions, only RRSP contributions. This has always been the rule, no changes.

If you didn't make any RRSP contributions then the required minimum repayment will just be included in income at Line 129 of the tax return (and you do not try to designate a repayment on the HBP screen).

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‎October 29, 2019 7:54 PM
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CB110
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Seniors and students

Thanks.  So all I should enter on the HBP screen is the amount that i am required to repay and then the system will put it onto 129.
‎October 29, 2019 7:54 PM
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TaxHelp5
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Seniors and students

Correct.
‎October 29, 2019 7:54 PM
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