In 2015, Mr. O'Toole made Home Buyer's Plan (HBP) withdrawals that totaled $18,000. However, for the 2020 tax year, he forgot to make his regular minimum repayment to his RRSP. He did not miss a payment in previous years, and he has not overpaid any previous minimum required payment. What will happen to Mr. O'Toole because he missed this HBP repayment? $1,200 is treated as taxable income to Mr. O'Toole $1,800 is treated as taxable income to Mr. O'Toole $15,600 is treated as taxable income Mr. O'Toole may file an election to extend his repayment schedule by one year