Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
AJK
New Member

Can I count my employee DCPP contributions towards HBP repayments?

HBP repayments from DCPP
1 Reply

Can I count my employee DCPP contributions towards HBP repayments?

No, you can’t. You must make an RRSP (Registered Retirement Savings Plan) Contribution to repay your HBP (Home Buyers Plan). A DCPP (Defined Contribution Pension Plan is a type of retirement plan in which an employer, employee or both make contributions on a regular basis and does not qualify.

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/rrsps-related-plans/what-hom...