BFB Posted April 11, 2021 Report Share Posted April 11, 2021 During 2020, I used RRSP funds to purchase my first home. I moved in the new home first week of January 2021. The financial institution eventually provided a T4RSP slip describing the amount in box 27. To enter the amount provided in box 27 of the T4RSP in Ufile, I found two box 27 (see attached screenshot), one for "HBP home address same as mailing address" and the other "HBP home address different". I have two questions: 1/ what is the difference between one and the other...? 2/ in the case I explained above (moved in, in January 2021) in which box do I enter the amount..? Thank you in advance for your response. HBP.docx Link to comment Share on other sites More sharing options...
Curmudgeon Posted April 11, 2021 Report Share Posted April 11, 2021 What is the mailing address on your return? If it is the same as your current address (the HBP home), then "HBP home address same ...". Link to comment Share on other sites More sharing options...
BFB Posted April 11, 2021 Author Report Share Posted April 11, 2021 As of Dec 31, 2020, the mailing address of the new home was not the same as that of the one on the return. The new home was paid for in 2020 and moved into it in 2021 (within the year) The rule states that the qualifying home must be occupied as principal residence no later than one year from buying it. What I find confusing is that at the end of December I had not made the new home as the principal residence yet. I moved there only on January 7th. Therefore does the Ufile question take relevance to the home address as of the 31st of December or at the moment the return was filed...? Thank again. Link to comment Share on other sites More sharing options...
Curmudgeon Posted April 11, 2021 Report Share Posted April 11, 2021 Ufile uses the information to fill in Schedule 7. Below is what Sched 7 says. It doesn't seem to put any restrictions on when you moved in. Tick this box if the address shown on page 1 of your return is the same as the address of the home you purchased under the HBP. Link to comment Share on other sites More sharing options...
BFB Posted April 12, 2021 Author Report Share Posted April 12, 2021 Thank you. This explains it well. Link to comment Share on other sites More sharing options...
lubica Posted April 22, 2021 Report Share Posted April 22, 2021 hi, i want pay part of my HBP money back, where i have to put this info? Link to comment Share on other sites More sharing options...
lubica Posted April 22, 2021 Report Share Posted April 22, 2021 my home address is the same, where is HBP page and how do i have enter $ ? thanks Link to comment Share on other sites More sharing options...
lubica Posted April 23, 2021 Report Share Posted April 23, 2021 hi, thanks for info i am not sure about your answer because i do not want to sent any money back to RRSP, i just want claim part from my 35000 as repayment i bought my house last year 2020, i do not need pay any money from HBP this year i just want to take $ 15 000 from HBP ( i took 35 000$ last year) i think, i have to claim my income + 15 000$ , but i have to show where 15 000$ is coming from. thanks Link to comment Share on other sites More sharing options...
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