HBP Limit is not correct in software

[SHYBURAPHEL]

The TurboTax 2019 software still uses the 25000 limit for HBP. This should have been 35000. Any amount which is given more than 25000 is coming as a taxable income. 

[TurboTaxLise · Accepted solution]

Our team is aware of the issue at hand and it will be this fixed in our next update of the downloaded software on February 19th,2020. We appreciate your ongoing support!

[SHYBURAPHEL]

Thank you

[TurboTaxLise]

You are most welcome!

[SHYBURAPHEL]

It looks like the issue is not still resolved. I got an update today

[TurboTaxLise]

It has been updated, please review screenshots below:

[SHYBURAPHEL]

Hi,

I am not getting this screens even after the upgrade. See the below figures. Anything withdrawn more than 25000 is comin as RRSP Income.

[TurboTaxLise]

If you entered it before the update, at the end in the review errors section (Screenshot 2 in previous posts) will prompt you to check when it was made before or after March - this is where the entry will be corrected from RRSP income to tax-free.  

[kj2940]

Seems like it is also incorrect on the webpage:

 https://turbotax.intuit.ca/tips/home-tax-deductions-credits-in-canada-5223

Thanks,

[SHYBURAPHEL]

I am not getting this review comment somehow. Is this option available in TurboTax Standard 2019 software as well? or are you taking about a different software?