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This is the message Turbotax is giving me. "The designated repayment amounts for the Home Buyers' Plan cannot exceed your RRSP contributions for 2015."

I am trying to enter the amount for my HBP payback. My payback is 2000.00 but my RRSP contribution were 0. The program won't let me proceed. Please help.
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This is the message Turbotax is giving me. "The designated repayment amounts for the Home Buyers' Plan cannot exceed your RRSP contributions for 2015."

There are two places to enter your payback.  One is related to the RRSP contributions you have made and the other spot is to add the payment made as additional income.  Check the entries for the different options.

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1 Reply

This is the message Turbotax is giving me. "The designated repayment amounts for the Home Buyers' Plan cannot exceed your RRSP contributions for 2015."

There are two places to enter your payback.  One is related to the RRSP contributions you have made and the other spot is to add the payment made as additional income.  Check the entries for the different options.