As of March 1, 2019 HBP limit should be $35,000.00 instead of $25,000.00. Your software is not recognizing this and wants to tax me. It is saying I should pay when I should be in a refund position. Will you guys be fixing this or should I return the software?
I am having the same problem. The limit needs to be raised
The limit is still 25$k when it should be at 35$k. This is causing a major taxation error and requires to be fixed
This error has been fixed- Please sign out of your TurboTax program and sign back in to make sure you have all the updates. Then you will go through your return again. Step by step and you should see the number changed.
I just logged in to my turbo tax online as of March 31, 2020 and this is what it says under home buyer plan
What is the Home Buyers' Plan (HBP)?
The Home Buyers' Plan (HBP) is a program that allows you to withdraw funds from your registered retirement savings plans (RRSPs) to buy or build a qualifying home. You can withdraw up to $25,000 in a calendar year.
Don't confuse the Home Buyers' plan with the Home Buyers' Amount tax credit. The Home Buyer's plan is a loan from your RRSP. The Home Buyer's Amount is a non-refundable tax credit.
Still not corrected