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Protected B when completed   
 
    Part B – Repayments under the HBP and the LLP  
    If you withdrew funds from your RRSP under the HBP before 2022 or under the LLP before 2023, you may have to
make a repayment to your RRSP, PRPP, or SPP for 2024. Your 2024 minimum required repayment is shown on your
latest notice of assessment or reassessment, or Form T1028 for 2024.		  
     
    For first withdrawals between January 1, 2022 and December 31, 2025, the start of the repayment period has been
deferred by an additional three years. For example, if you made your first withdrawal in 2022, your first year of repayment
will be 2027.		  
     
    Complete lines 7 and 8 below if you are designating contributions made from January 1, 2024, to March 3, 2025, to your
own RRSP, PRPP, or SPP as a 2024 repayment under the HBP or the LLP. If you designate less than the minimum
required repayment amount for 2024, report the difference on line 12900 of your return.		  
     
    Do not include any of the following amounts on lines 7 and 8:  
    • any amount you deducted or designated on your 2023 return as a repayment or that was refunded to you  
    • any contributions or transfers you will be including on line 15 or line 18 in Part C  
    If you are not required to make a repayment under the HBP or the LLP, enter "0" on line 9 and continue at line 10.  
    For repayment information for the HBP, go to canada.ca/home-buyers-plan.  
    For repayment information for the LLP, go to canada.ca/lifelong-learning-plan.  
     
    Total contributions from line 5 of the previous page   6  
     
    Contribution designated as a repayment under the HBP 24600  7  
     
    Contribution designated as a repayment under the LLP 24620 +  8  
     
    Line 7 plus line 8 Total repayments under the HBP and the LLP   =  ► – 9  
     
    Line 6 minus line 9 Contributions available to deduct   = 10  
     
 
    Part C – RRSP deduction  
    Complete this part to calculate your RRSP deduction on line 20800 of your return.  
    Note: You may not have reported income that you received in a previous year on your return for that year. If reported,
that income may give you more room to contribute to an RRSP, PRPP, or SPP in later years. To ensure your
RRSP deduction limit is up to date and maximized, file your return for that year and report the income.		  
     
    Enter your RRSP deduction limit for 2024 as shown on your latest notice of assessment or    
    reassessment, or Form T1028 for 2024.   11  
     
    Enter your 2024 employer PRPP contributions from line 20810 of your return.   – 12  
     
    Line 11 minus line 12   =  13  
     
    Contributions available to deduct from line 10 above    14  
     
    Transfers (1) 24640 –  ►  15  
     
    Line 14 minus line 15   =  16  
     
    Enter whichever is less: amount from line 13 or line 16.    17  
     
    Enter your RRSP, PRPP, or SPP contributions you are deducting for 2024    
    (cannot be more than the amount on line 17).   +  18  
     
    Line 15 plus line 18   =  19  
     
    Enter whichever is less: amount from line 10 or line 19.      
    Enter this amount on line 20800 of your return. RRSP deduction   20  
     
 
  (1) You may have reported income on line 11500, line 12900, or line 13000 of your 2024 return. If you transferred certain
types of this income to your RRSP, PRPP, or SPP on or before March 3, 2025, you can claim the same amount on
line 24640 as a transfer. Claiming the transfer ensures that your RRSP deduction limit is not reduced by that amount.
For more information about amounts you can transfer, see Guide T4040.
   
  5000-S7 E (24) Page 3 of 4  
 
Protected B when completed   
 
    Part D – Unused RRSP contributions available to carry forward  
     
    Enter your contributions available to deduct from line 10 of the previous page.   21  
     
    Enter your RRSP deduction from line 20 of the previous page.   – 22  
     
    Your unused contributions available      
    Line 21 minus line 22 to carry forward to a future year   = 23  
    Your unused RRSP contributions previously reported and available to deduct for 2025 will be shown on your 2024 notice
of assessment.		  
     
 
    Part E – 2024 withdrawals under the HBP and LLP  
     
    Complete this part if you withdrew funds from your RRSP under the HBP or LLP in 2024.  
     
    For more information on the HBP, go to canada.ca/home-buyers-plan.  
     
    For more information on the LLP, go to canada.ca/lifelong-learning-plan.  
     
    HBP: Amount from box 27 from all of your 2024 T4RSP slips 24700  24  
     
    Tick this box if the address on page 1 of your return is the same as the address of the home  
    you purchased under the HBP. 25900   25  
     
     
    LLP: Amount from box 25 from all of your 2024 T4RSP slips 26300  26  
     
    Tick this box to designate your spouse or common-law partner as the student you withdrew
the funds for under the LLP. You can only make this designation on the return for the year
you make your first withdrawal under the LLP. If you do not tick this box, you will be considered		  
    the student for LLP purposes. 26400   27  
     
   
    Part F – 2024 contributions to an amateur athlete trust  
    Complete this part to report qualifying performance income (generally endorsement income, prize money, or income from
public appearances received by an amateur athlete) contributed in 2024 to an amateur athlete trust. This income qualifies
as earned income when calculating the RRSP deduction limit of the trust's beneficiary.		  
     
    Enter the amount of income that was contributed to an amateur athlete trust in 2024. 26700  28  
     
 
See the privacy notice on your return.  
 
   
  5000-S7 E (24)   Page 4 of 4