Withdrew from an RRSP as part of the first time HBP program. Does that count as income?
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Withdrawals of up to $25,000 or $35,000 at March 19,2019 from the Home Buyers Plan, are not included as income in the year of withdrawal. You should receive a T4RSP, Box 27, in the year of withdrawal stating the withdrawal amount: TurboTax will not include this amount in taxable income. More information can be found at the CRA link below.
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