Jump to content

HBP vs RRSP contribution section


Recommended Posts

Hi All

I have a question about the contribution amount I should enter for RRSP.

Let say i contributed a total of $5000 in RRSP

Then for HBP I am supposed to repay back $900 into my RRSP yearly. 

So in this case, do I still enter $5000 under RRSP contribution section or do I enter the amount of $4100 instead?

Also there is a section under HBP that says: " For information only. HBP repayable balance (the amount required to contribute to your rrsp and designate as a repayment.) DO NOT enter  anything."   However, when I auto downloaded from CRA it automatically entered $ 900 for me.  Is this correct or should I remove the $900 and leave it as blank? 

Any help is really appreciated

Thank you 

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Create New...