Hi all.
I have discovered a bug regarding the HBP & RRSP features, and I am wondering if its possible to provide a timeline for the fix. I am a little worried because April 30th is coming, and I can't file until this is fixed.
The Bug: Applies to someone who withdrew from RRSP using the HBP and is making a re-payment the same year. I am prompted to enter the amount owing from my 2023 NOA. Since the withdrawal happened in 2024, this field is blank (or 0). When its zero (or blank), the Schedule 7 tax form repayment contribution (Line 24600) gets set to zero when it should be my specified amount. The system should still know how much I repay, as this value is noted on the T4RSP form.
While I am aware that no repayment is required yet, I chose to repay and will encounter a penalty for RSP over-contribution if this bug isn't resolved.
I have phoned in this bug and told it would be fixed soon, but its a little worrying given the timeline. It's also a little frustrating when an update is available, and the changes are only described as "bug fixes"
Bump
@steven1350 We are attempting to resolve this error in collaboration with CRA. We hope to have this resolved by or on April 14th, and our development team is working on it. For our customers' awareness, we have placed a banner in the TurboTax filing section. Thank you for your patience.
I am having the same/similar issue.
The message says: "You can't designate unused RRSP contributions made in (2023) or before, or designate contributions that you make to your spouse or common-law partner's RRSPs or specified pension plan (SPP), as repayment for HBP and/or LLP."
When I am trying to designate the payment I made in the HBP repayment (for 2024).
I spent an hour on the phone with turbotax customer support to not be given any solution. Are they not aware this is an issue? Please communicate to your team if this is a known issue and that it is being looked into.
Additionally, where is this banner? And what does it say?
Lastly and most importantly will this problem be corrected by April 14? Taxes have a deadline.
steven1350
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js137
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plum117
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