Last year in August, Nguyen withdraw $18,500 from his RRSP under the Home Buyers Plan (HBP). What is the MINIMUM HBP repayment Nguyen will be required to make for this year and what is the deadline by which that payment must be made? (Assume neither this year nor next year is a leap year).

Answer rating: 100% (QA)

To calculate the minimum Home Buyers Plan HBP repayment for this year we need to divide the total wi... View the full answer