Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
armtamz
Returning Member

If I used my RRSP as part of the HBP in March 2016, am I right in thinking that I have to insert an amount under repayment in my 2018 return, as opposed to this year?

 
1 Reply

If I used my RRSP as part of the HBP in March 2016, am I right in thinking that I have to insert an amount under repayment in my 2018 return, as opposed to this year?

You are correct.

HBP repayments start in the 2nd year. This year's Notice of Assesment will contain the amount due each year and all other info you'll need to start repaying.

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/rrsps-related-plans/what-hom...