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
Returning Member
posted Apr 6, 2024 3:06:12 PM

Home Buyers Plan Repayment Error Message - why

Hello! I thought I filled in all of my boxes correctly, but I keep getting an error message.  I filled in the HBP balance & minimum amount to be repaid (amount as stated in my CRA account/assessment).  The annual repayment amount has been the same every year so far.  But then I get this warning from Turbotax - "The amount you have designated for the Home Buyers' Plan or Lifelong Learning Plan repayment is less than minimum repayment amount due. The difference between the amount due and the amount you designated will be included as income." But I entered the amount as reflected in my assessment. Do I ignore this warning?  Is it just a perfunctory message? OR is there something wrong that I need to dig into with the CRA and possibly change my repayment amount?  Thank you!

0 1 2237
1 Replies
Moderator
Apr 6, 2024 3:46:37 PM

@Cailey666 Double check that you've entered the correct amounts on the Home Buyers' Plan (HBP) page. If you are still not able to resolve this issue, please contact our phone support team at 1-888-829-8608.