Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Mar 4, 2021 4:18:14 AM

When paying back HBP, do we need to fill-out the CRA form "5000-S7 Schedule 7 - RRSP" and send it by post, or does TurboTax take care of it?

0 3 553
3 Replies
Moderator
Jan 16, 2023 11:06:07 AM

When you fill out the RRSP & HBP sections in TurboTax, a Schedule 7 will be included as part of your return.

New Member
Apr 29, 2024 11:46:16 PM

I filled out the HBP box 27 but it has taxed the withdrawal. It should be tax free for first time home buyers, what have I done wrong?

Moderator
Apr 30, 2024 3:39:43 PM

@Jon94 FDo you mean box 27 on your T4RSP? Then please go into the RRSP section and fill out the needed info for your RRSP contribution and your HBP repayment.