TurboTax 2017 states that HPB needs to be paid bac...

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j-mae
New Member

TurboTax 2017 states that HPB needs to be paid back in the 1st yr. However, I called the CRA and they advised the tax software is incorrect; it's paid back in the 2nd yr.

When filing my taxes, I received a notification in TurboTax stating "2017 HPB and LLP repayment required but not made and included in income". 

I called the CRA to confirm when I needed to start repayment my HPB and they referred me to this website: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/rrsps-related-plans/what-hom...

They said I cannot have this notification on my taxes when filing as it will cause something to be flagged. Any thoughts for a workaround/resolution on this?

2 Replies
TurboTaxJennifer
Moderator

TurboTax 2017 states that HPB needs to be paid back in the 1st yr. However, I called the CRA and they advised the tax software is incorrect; it's paid back in the 2nd yr.

Since you do not have any repayment due, you can remove the HBP info from your return.

j-mae
New Member

TurboTax 2017 states that HPB needs to be paid back in the 1st yr. However, I called the CRA and they advised the tax software is incorrect; it's paid back in the 2nd yr.

Thanks! Do you have any suggestions for how to remove It? It automatically came up when my RRSP information auto-filled in to Turbo Tax.
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