Which of the following statements about Home Buyers' Plans (HBPs) is correct?
A) If a withdrawal is made under the plan, any contributions made 90 days prior to the withdrawal cannot be deducted.
B) Any RRSP contribution made in a particular year will count first towards the HPB repayment requirement for that year.
C) Repayments in excess of an annual requirement will reduce future annual requirements.
D) When an individual dies with an outstanding Home Buyers' Plan balance, this balance will not be subject to tax.
Correct Answer:
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