Am I required to repay my HBP?

It's better to do so. Otherwise, you'll have to pay tax on the amount you haven't repaid for the year in question.

Moreover, if you're repaying the RRSP+ you used for your HBP, you'll have to repay the corresponding tax credit.

Each year, the Canada Revenue Agency will indicate the total amount of your HBP withdrawals along with the repayments you need to make on your annual Notice of Assessment.

Also, every year, the Fonds will send you a statement of your repayments relating to labour-sponsored funds credits based on the amount you withdrew from your RRSP+ under the HBP.

Do you have more questions?

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

Legal Notes
Please read the prospectus before buying Fonds de solidarité FTQ shares. Copies of the prospectus may be obtained on the Website, from a local representative or at the offices of the Fonds de solidarité FTQ. The indicated rates of return are the historical annual compounded total returns including changes in share value and reinvestment of all dividends and do not take into account income taxes payable by any security holder that would have reduced returns. The shares of the Fonds de solidarité FTQ are not guaranteed, their value changes and past performance may not be repeated.