Your RRSP provider will send you a T4RSP slip when you make a withdrawal under the HBP or the LLP. The slip will have the amount you withdrew in box 27 or box 25. Report this slip in the T4RSP (RRSP Income) section.

The amount in box 25 or 27 won’t be added to your income, but it will be reported to the CRA as a withdrawal under the HBP or LLP.

Once you’ve filed your tax return, the CRA will send you a “Statement of Account” that lists your required repayment amounts.