Unknowingly, I have over contributed 5000 past my RRSP limit for this year for preparation of using the money in my account to utilize HBP. 2500 of that contribution was made in the 1st 60 days of 2018. I am aware of the allowance of 2000 over the limit, however don't know how to proceed with the rest?
What can be done at this point to save the situation with the least amount of penalties? What is the base mode of action at this point?