Your client has purchased a house as a first time home buyer in March of 2020. He took advantage of the maximum amount that he could borrow from his RRSPs under the Home Buyers Plan. It is now December of 2022 and Todd is wondering about the minimum amount that he must pay back to his RRSPs on an annual basis as a result of participating in the Home Buyers plan and utilizing that maximum amount permitted. Please indicate the minimum amount annually that your client will have to repay to his RRSP