Tax-free withdrawals from an RRSP for the HBP or LLP represent lost contribution room in the future. can be paid back to a spousal account instead of the account they were withdrawn from. do not affect the compounding of your investments inside the RRSP. must be paid back on schedule or added to your taxable income. Question 15 (1 point) Old Age Security benefits are a nontaxable benefit. can be claimed at age 60 , but at a reduced amount. can be deferred five years which would increase your benefit by 36%. begins to be clawed back for people whose income reaches $50,000