Pay off Home Buyer Plan

[PhdStream]

Hi,
Can I withdraw my RRSP under HBP from one bank and repay to RRSP account in another bank. For instance, say I have RRSP accounts with Bank1 and Bank2. If I withdraw my RRSP from Bank1 under HBP, can I use contribution made to Bank2 as a repay to HBP?

 

[Copingwithlife]

On your tax returns the only question it asks is how much you are paying back into your HBP withdrawal. No where does it ask what account /RRSP it is going back into.

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/rrsps-related-plans/what-home-buyers-plan/repay-funds-withdrawn-rrsp-s-under-home-buyers-plan.html

 

[PhdStream]

On your tax returns the only question it asks is how much you are paying back into your HBP withdrawal. No where does it ask what account /RRSP it is going back into.

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/rrsps-related-plans/what-home-buyers-plan/repay-funds-withdrawn-rrsp-s-under-home-buyers-plan.html

Thanks for the reply.