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Level 1
posted Mar 13, 2025 7:05:28 AM

I over contributed to my RRSP by mistake (bonus got deposited in December directly into my RRSP account). I am wondering if I can allocate this amount to HBP repayment?

I did not check my RRSP limit for 2024 which ended up being way less than in 2023 - And in December 2024 my work bonus got directly deposited into my RRSP which resulted in over-contributing by a significant amount (about $15,000). To fix it, can I allocate this amount to my HBP repayment?

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