CRA said to put the $12,000 back into RSP as a repayment of the HBP and then withdraw the $12,000 from RSP and file T746 form.
My accountant will only deduct the $8000 from my income. I don't want it to affect my HBP.
Unfortunately, you can only claim the $8k as an RRSP contribution and then you will need to file a T1-OVP return for your over contribution which can be found on the CRA website.
duchesstax1111
New Member
oscardelataxes
New Member
jeck_tinitigan
New Member
PBourgeois05
Returning Member
rhung_99_c
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.