Four years ago, Trevor withdrew $15,000 from his RRSP under the HBP. He made his scheduled repayments of $1,000 two years ago and last year. This year, he made an RRSP contribution of $4,000, which he designated as an HBP repayment.

What is his minimum HBP repayment for next year?

Answer rating: 100% (QA)

The minimum HBP repayment for next year is 1 000 This is because the HBP repayment is based on a ... View the full answer