The T1198 is required in order file the federal income return with the Canada Revenue Agency. This form is for payers who paid a qualifying retroactive lump-sum payment (QRLSP) to an individual (other than a trust) in 1995 or later years, and for recipient. For futher clarification we would suggest contacting CRA.
Note: T1198 form is still locked by CRA and not finalized by CRA yet. Please refer to this link Why does TurboTax say my forms are locked or haven't been finalized?
We do not have any ETA on this yet but as soon a these forms gets finalize we will be updating them in TurboTax for an accurate calculations.
We appreciate your patience.
Thank you for choosing TurboTax.
