So when entering your information regarding repayment of the Home Buyer's Plan (HBP), you indicate how much the required repayment is, as well as your RRSP contributions for the year. You can only enter up to the amount of RRSP contributions as repayment, so if your required repayment exceeds the amount available, the software will calculate the difference and apply the difference as income at line 129 of your tax return.
http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/rrsp-reer/hbp-rap/rpymnts/menu-eng.html
So when entering your information regarding repayment of the Home Buyer's Plan (HBP), you indicate how much the required repayment is, as well as your RRSP contributions for the year. You can only enter up to the amount of RRSP contributions as repayment, so if your required repayment exceeds the amount available, the software will calculate the difference and apply the difference as income at line 129 of your tax return.
http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/rrsp-reer/hbp-rap/rpymnts/menu-eng.html
tedlupinski-roge
New Member
stemcell888
New Member
hatzic71
New Member
binm967543
New Member
jdaw1984
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.