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New Member
posted Oct 30, 2019 7:08:34 PM

Can I count my employee DCPP contributions towards HBP repayments?

HBP repayments from DCPP

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1 Replies
Level 15
Oct 30, 2019 7:08:35 PM

No, you can’t. You must make an RRSP (Registered Retirement Savings Plan) Contribution to repay your HBP (Home Buyers Plan). A DCPP (Defined Contribution Pension Plan is a type of retirement plan in which an employer, employee or both make contributions on a regular basis and does not qualify.

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/rrsps-related-plans/what-hom...