Why is there a RRSP income that matches my HBP? When I allocated this amount to my HBP repayment it gives me an error as HBP 2020 required repayment amount is $0. Why?
Why is there a RRSP income that matches my HBP? When I allocated this amount to my HBP repayment it gives me an error as HBP 2020 required repayment amount is $0. Why?
Why is there a RRSP income that matches my HBP? When I allocated this amount to my HBP repayment it gives me an error as HBP 2020 required repayment amount is $0. Why?
When you see the same amount of your required repayment for the HBP as income, this is because your RRSP has not been designated correctly on the tax return.
Only contributions made to your RRSP in the tax year or the First 60 Days of this year can be designated as a repayment, and you must enter the information in TurboTax.
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