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M
mmlindsa
April 24, 2022
Question

We withdrew RRSP funds to buy a house. I do not want to use my RRSP to repay this year but online keeps want to process a repayment. How do I get rid of it ?

  • April 24, 2022
  • 1 reply
  • 0 views
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    1 reply

    G
    GHarpe
    April 28, 2022

    If you are seeing a Warning during the review, you can skip it. It is mentioning it because you may have answered that you have a Home Buyers' Plan and reminding you that you may have a payment due. If you do owe a repayment, the Canada Revenue Agency (CRA) will automatically add the amount of the payment to Other Income to be taxed if the payment is not made.

     

    For more information please see our TurboTax article Repaying Withdrawals Under the Home Buyers’ Plan.

     

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