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Cecilia Withdrew $24,000 from Her RRSP Under the Home Buyers

Question 52

Multiple Choice

Cecilia withdrew $24,000 from her RRSP under the Home Buyers' Plan in 2018 and used the funds for a down payment on a qualifying home. She made a repayment of $1,000 during 2020. Her minimum repayment for 2021 will be:


A) $1,493.33.
B) $1,533.33.
C) $1,600.00.
D) $1,642.86.

Correct Answer:

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