Hello there,
I am a bit confused.
I have been paying back my HBP every year for three years, and every time I enter a designated amount for this from my RRSP, it has always lowered my tax refund.
Fast forward to this year. I contributed X amount to my RRSP, and Turbotax shows a tax return amount of Y. However, when I then enter the designated amount to my HBP, that tax return amount of Y does not decrease.
Am I missing something? Do we now get the RRSP tax credit even on the amount we designate to HBP?
Thanks in advance
