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Anne withdrew $15,000 from her RRSP under the HBP in May 2016. She was required to repay $1,000 each year beginning in 2018. Anne
Anne withdrew $15,000 from her RRSP under the HBP in May 2016. She was required to repay $1,000 each year beginning in 2018. Anne received an unexpected bonus of $800 in December 2017 and immediately used it towards her 2018 repayment. In addition, she made her regular $1,000 repayment in June 2018. Starting in 2019, what will be Anne's new minimum repayment requirement for the remainder of her HBP repayment period?
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Under the Home Buyers Plan HBP the minimum repayment requirement for each year is determined by divi...
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South-Western Federal Taxation 2020 Comprehensive
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
43rd Edition
357109147, 978-0357109144
