In early 2017, Jason Borshiov withdraws $21,000 from his RRSP under the provisions of the Home Buyers'
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In early 2017, Jason Borshiov withdraws $21,000 from his RRSP under the provisions of the Home Buyers' Plan (HBP). Because of a large bonus received from his employer, he repays $7,000 of this in 2018. What is the minimum required payment for 2019? If he makes no payment in 2019, what will be the minimum required payment in 2020?
Expert Answer:
The minimum required payment for 2019 is 1000 If no payment is made in 2019 then the mi... View the full answer
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