HBP what does it mean if i check the box which says Designate an amount as a HBP repayment? Do i imput the amount thats showing on his HBP statement of account?
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1 Best answer
TonyC11
Level 6
Oct 29, 2019 10:46:23 PM
It is an amount of annual repayment. Should be on the statement. The minimum is1/15 of the amount withdrawn from the RRSP under the HBP. Because you are given 15 years to repay.
1 Replies
TonyC11
Level 6
Oct 29, 2019 10:46:23 PM
It is an amount of annual repayment. Should be on the statement. The minimum is1/15 of the amount withdrawn from the RRSP under the HBP. Because you are given 15 years to repay.