Here’s a good one – been filing up to 1,000 T1’s per year since 1985 – never come across this one…
HBP Withdrawal of $11K in 2019
Every NOA since then had the proper withdrawal and annual repayment amount (2020/2021/2022/2023).
We file the 2024 return and the CRA changes the result based on the fact that they show the HBP Withdrawal amount as $22K now – and we therefore didn’t apply enough RRSP as a repayment this year?
Spent 95 minutes on the phone with them this morning – agent said that they have a “system alert” record in their system that this has been happening to several taxpayers this year – and that they forwarded the info off to the appropriate unit to fix it.
Here’s the kicker – he confirmed that their system shows the proper amount of $11K !!!
Anyways, thought I’d throw this out there in case others are affected by it.