Hi
My opinion: It needs to take the 2024 amount. So wait until Turbo Tax fixes it.
Turbo Tax is allowing us to submit the form which the CRA will then use to determine whether spreading the lump sum across all years or taxing the full payment in 2024 is better for you. The CRA only applies the T1198 if it is beneficial to the tax payer. If you were retired, on Mat Leave or a Leave of Absence in 2024, it may be better to use a lump sum tax.
