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HBP - have problem to fill out


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Re HBP - I have fill out the plan balance which carry from last year $11200, and fill out the should be repaid amount $800. and fill out the contribution designated for 2023 repayment $800, but on line 12900 still have $800 including to be taxable....how to report the repayment amount to subract from carry balance and not taxable, thanks.

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Hello EET,

1. On the 'Left-side menu on the Interview tab'', select the ''RRSP contributions, limits''.
2. You must have contributed to your RRSP, PRPP or VRSP, in the period March to December, or in the period of January 1st to March 2nd of the following year.
3. Enter your contribution for the repayment of your HBP at the time of the payment made, either in the period "March to December 2022" or in the period of "First 60 days of 2023"; 
4. Return to the "Left-side menu on the Interview tab" and select "HBP, LLP and other plans and funds". On the screen to the right, choose "HBP Participation in an RRSP's home buyers' plan.
5. On the page that appears entitled "Home Buyers' Plan (HBP)", on the line "RRSP home buyers' plan repayable balance at start of 2022", enter the amount that appears on your Notice of Assessment from the previous year
6. On the line "HBP amount that should be repaid in 2022 (on HBP statement from CRA)", enter the amount you must repay
7. On the line "Amount of RRSP contributions designated as your 2022 HBP repayment", enter the amount you repaid to your RRSP, PRPP or VRSP. 
8. If you have not contributed to your RRSP, PRPP or VRSP, enter $0.00 and the amount will be transferred to line 12900 of the Federal return and to line 154 of the Quebec return, to be added to your total income.
The HBP refund amount will be carried over by the program to "Part B of Schedule 7", on line 24600.
However, if you have also contributed to your RRSP, the amount of the total contribution will be reported to the "Part A of Schedule 7", on line 24500 and line 24600.
For more information, please consult the following link:


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