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abpesty52
New Member

HBP repayment ?

 
2 Replies
abpesty52
New Member

HBP repayment ?

how should i post the amount so that it applies to the T4RSP amount?

 

Why is there such a big credit for Fed but an amount owing for Provincial.  Why is there a big difference.?

TurboTaxHeba
Intuit Alumni

HBP repayment ?

If you withdrew an amount from your RRSP under the HBP > in your T4RSP slip > report this amount in Box 27.

If you are making a designated payment for a prior HBP > report it under your RRSP profile. You will have to have a contribution to your RRSP in 2019 or the first 60 days of 2020 to be able to pay your HBP.

 

I am not sure what else you are reporting in your Return > there are credits that can only be applied federally (eg. tuition amount in some provinces) and have been eliminated in others. Some credits give you more refunds back federally than provincially. We need more information from you to be able to help you.

 

I hope this was helpful