Sentences with phrase «hbp loan this year»

Since I can't make a payment on the HBP loan this year, how will I be taxed?

Not exact matches

However, to keep the HBP loan tax - free you must contribute at least a minimum repayment portion to your current RRSP account in each calendar year and then declare this amount on your income tax form.

In fact, the balance of your initial HBP loan would have to be $ 0 in January of the year you are going to participate in the HBP again.

You would then have enough for a $ 27,000 down payment on a home (the HBP loan plus your second - year tax rebate) and more than $ 6,400 left in your RRSP, not including any investment gains that may have accrued.