For your 2024 tax return, regarding a Home Buyers' Plan (HBP) withdrawal made in October 2024, you'll need to report the withdrawal on Schedule 7 and designate any RRSP contributions made from January 1, 2024, to March 1, 2025, as repayments. Your RRSP issuer will issue you a T4RSP showing the HBP withdrawal, which you'll need to report on your 2024 tax return.
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