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Level 1
posted Oct 29, 2019 7:36:25 PM

Home Buyers Plan-system will not reduce RRSP contributions by the amount of annual repayment - error message annual repayment can not be greater than RRSP contributions

HBP repayment, system has a flaw -error message HBP repayment can not be greater than RRSP contributions - contribution $4,00- repayment $710-

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1 Best answer
New Member
Oct 29, 2019 7:36:27 PM

As a Home Buyer's Plan (HBP) participant, you will need to enter any RRSP contributions that were made for the tax year. You will be prompted to designate a portion of the RRSP contributions as a HBP repayment. You can't elect to make a HBP repayment totalling more than your RRSP contributions.

2 Replies
New Member
Oct 29, 2019 7:36:27 PM

Did you contribute to your own RRSP or to a spousal RRSP

New Member
Oct 29, 2019 7:36:27 PM

As a Home Buyer's Plan (HBP) participant, you will need to enter any RRSP contributions that were made for the tax year. You will be prompted to designate a portion of the RRSP contributions as a HBP repayment. You can't elect to make a HBP repayment totalling more than your RRSP contributions.