I withdrew from my RRSP under the Home buyers plan. What section or option do I select where I indcate that made this withdraw? T4RSP? I dont recall getting one?

[anthonyloh]

The page you mention on to enter the HBP withdrawal information is not clear. Neither box on the page sound like it is meant for HBP Withdrawals. The 2 options are:

RRSP contributions within an 89-day period just before your withdrawal under the HBP from that RRSP (not including designated transfers and other amounts)

Fair market value of the RRSP immediately after the withdrawal

Can you please clarify which option is correct? I withdrew $35000 from my RRSP for the HBP.

[TurboTaxSusan]

If you withdrew from your RRSP under the HBP program, then you would get a T4RSP slip with the withdrawal amount on it. You only need to enter the T4RSP to report the withdrawal. 

[anthonyloh]

Right, but where do you enter that? I followed the steps above and the two options to enter an amount are:

RRSP contributions within an 89-day period just before your withdrawal under the HBP from that RRSP (not including designated transfers and other amounts)

or

Fair market value of the RRSP immediately after the withdrawal

[TurboTaxSusan]

@anthonyloh Use the “Find” tool 🔍 to search for “T4RSP”. 

[anthonyloh]

Thank you TurboTaxSusan, I found the section you mentioned to enter a T4RSP. 

Does this mean the initial reply to this post incorrect? It mentions entering information under the Home Buyers Plan section of RRSP. This is the information that confused me.

[TurboTaxSusan]

@anthonyloh 

The person who provided the original answer may have not understood the question.