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Patty started the year with $14,000 in her RRSP. On February 14, Patty made a $3,000 contribution to her RRSP. Her RRSPs earn 6% a
Patty started the year with $14,000 in her RRSP. On February 14, Patty made a $3,000 contribution to her RRSP. Her RRSPs earn 6% a year compounded monthly. On April 15, she withdrew $15,000 through the HBP. What effect, if any, does the withdrawal have on her RRSP tax deduction?
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