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Bankruptcy Alberta

Archive for June, 2007

What happens to HBP repayments?

During bankruptcy I lost my home because it was in BC and being rented out. I bought it using a 10% down payment from my RRSPs that was to be paid back within 15 years. I no longer have the RRSP accounts or the home, but Revenue Canada wants the annual allotment for the HBP payback. Where does this money go? I have been discharged and am no longer affiliated with the bank that held my mortage. Does it revert back to an RRSP in my name? Who should I be speaking to about this?

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