How do I repay my HBP?

You can repay your HBP by recontributing a portion of the amount you withdrew from your RRSP each year. Full repayment must be made within a maximum of 15 years.

The first repayment is required on the tax return two years after the withdrawal year.

Example: If you make a withdrawal in June 2016, your first repayment will be required for the 2018 taxation year. You’ll have until March 1, 2019, to make your contribution and make your first HBP repayment.

The repayment amount will be equivalent to 1/15th of the amount withdrawn, and so on for the next 14 years.

See the Canada Revenue Agency HBP guide for more information.

Do you have more questions?

Our agents will be pleased to answer any questions you may have at:

1 800 567-3663
Legal Notes
Please read the prospectus before buying Fonds de solidarité FTQ shares. Copies of the prospectusAttention, this link will open a new tab. may be obtained on the website, from a local representative or at the offices of the Fonds de solidarité FTQ. The shares of the Fonds de solidarité FTQ are not guaranteed, their value changes and past performance may not be repeated.
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