@capitalmindset
It says, "Deemed Resident by Section 216 election" because you are a "Deemed Resident" for the purpose of reporting your Section 216 related income.
For a resident of Canada, TurboTax Online will go through an interview process and then generate a filled out T1 tax return. But when you are making Section 216 election, you'll get a T1159 instead of a T1. The T1159 is all filled out, you just have to sign it and mail/fax it to the Canada Revenue Agency (CRA).
