While meeting with a client of yours adult child, who has just agreed to their first home purchase, closing in the next 60 days, you learn the following: RRSP Balance is currently $30,000 RRSP funds have been in the account for more than 60 days. The child of your client informs you they want to maximize the amount they can use from their RRSP towards this first time home purchase under the RRSP Home Buyers Plan (HBP). They also share that if necessary they would be happy to add additional funds to the RRSP Account if it can be utilized for the HBP. They inquire, after considering the information they have shared what is going to be the minimum re-payment they will need to make (to avoid any taxation amount on the HBP funds) annually, once the repayments are required to commence?