enfr

News

News > CRA Auto-fill My Return (AFR) mistakenly reporting 2017 Home Buyers' Plan repayment amount for 2016 withdrawals

CRA Auto-fill My Return (AFR) mistakenly reporting 2017 Home Buyers' Plan repayment amount for 2016 withdrawals


We have been advised that Auto-fill My Return (AFR) is reporting Home Buyers' Plan (HBP) repayment amounts when it should not. This is occurring when the withdrawal was made in 2016. AFR is indicating a repayment amount for 2017. However, in this situation, it is not required until 2018.

The Canada Revenue Agency (CRA) has advised us that they will be fixing this issue for AFR soon. Their fixes occur overnight. However, we do not have a specific date for its release.

Until we have confirmation of the fix, we recommend preparers carefully review any 2017 HBP repayment amounts downloaded from AFR, especially if the taxpayer withdrew amounts in 2016.


 

Join Our Newsletter

Sign up to get TaxCycle news delivered right to your inbox.