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New Member
posted May 31, 2021 3:54:12 PM

Not sure what my repayment amount should be for Home Buyer's Plan and Lifelong Learning Plan.

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1 Replies
Level 6
Jun 1, 2021 6:44:09 AM

Thanks for your question. You can find your minimum required annual repayment amount by accessing your CRA My Account or on your most recent Notice of Assessment. Please follow the following instructions to enter the repayment amount of HBP: 

1. In the "Your Taxes" section, enter "HBP" in the search bar

2. Select HBP/LLP: Home Buyer's Plan (HBP) and Lifelong Learning Plan (LLP) from the results that drop down

3. Enter your Remaining Payment Balance and Your annual minimum payment amount in the indicated fields (these should be on your recent Notice of Assessment

4. Enter the amount you wish to designate as HBP repayment if you made RRSP contributions from March 1 to December 31, 2020 or January 1 to March 1, 2021

 

Please click here to learn about how to enter the Home Buyers' Plan amount.