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sarracenia posted a topic in DeductionsDoes anyone know how I can claim previously-unclaimed 2016 RRSP contributions for the 2017 year as a repayment under the Home Buyer's Plan in ufile, and if so, how I should do it? I have some unclaimed room from the 2016 tax year (made in February 2016) and would like to claim it for my 2017 HBP repayment if possible.Based on the schedule 7 it looks like I can claim contributions made between January 2016 and March 2017 but I don't know how to do this in ufile.(https://www.canada.ca/content/dam/cra-arc/migration/cra-arc/E/pbg/tf/5000-s7/5000-s7-fill-16e.pdf)
Hello, I have a problem with filling my tax forms this year and I would be thankful if some helps me here. I have to repay $1250 to my HBP and I contributed $2000 in January for repaying HBP. I understand that in filling my tax forms I need to include $2000 as the RRSP contribution and then designate $2000 as HBP repayment. But my RRSP deduction limit is zero (due to pension adjustment). I wonder if it is okay to contribute $2000 for zero RRSP deduction limit and then use this as HBP repayment. Thanks.
Hi, I have a question regarding paying back to Home Buyers Plan. During our first home purchased we withdraw money from my RRSP and my Spousal RSP accounts. Now I am quite clear about paying back my RRSP. However, I am bit confused on how to repay the Spousal RSP. Should I open another Spousal RSP account and contribute to that or my wife should open her RSP account and contribute to that one. Any help would be greatly appreciated. Thanks