topic Re: When will T1198 be available for 2024 tax submissions? in Troubleshooting

When will T1198 be available for 2024 tax submissions?

mturner3 — Sun, 02 Mar 2025 01:12:07 GMT

Re: When will T1198 be available for 2024 tax submissions?

TurboTaxAniqua — Sun, 02 Mar 2025 15:19:06 GMT

These forms are still locked by CRA & RQ and not finalized by 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.

Thanks for choosing TurboTax.

Re: When will T1198 be available for 2024 tax submissions?

brian80 — Sun, 02 Mar 2025 15:25:12 GMT

Then if they are locked why are other posters saying they are having issues entering data into the form in Turbotax. Is the t1198 locked or not?

Re: When will T1198 be available for 2024 tax submissions?

TurboTaxAniqua — Sun, 02 Mar 2025 18:16:12 GMT

@brian80 T1198 form is still locked by CRA & RQ and not finalized by 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.

We appreciate your patience.

Re: When will T1198 be available for 2024 tax submissions?

gypmina — Mon, 03 Mar 2025 15:44:33 GMT

Well why are you accepting payment when you cannot finalize the service you are providing??

Re: When will T1198 be available for 2024 tax submissions?

MapleState — Mon, 03 Mar 2025 16:45:40 GMT

I am wondering this too, I asked for a refund and was told that I need to fill out an application and apply for a refund.

I paid for a service and I would like to receive the service that I paid for. This is frustrating.

Re: When will T1198 be available for 2024 tax submissions?

TurboTaxAniqua — Tue, 04 Mar 2025 15:02:17 GMT

@gypmina The forms are not finalized by CRA and our team is working on updating the forms as soon as CRA finalized them. We were not aware that CRA will take that long to finalize these forms. We appreciate your patience.

Re: When will T1198 be available for 2024 tax submissions?

smeulendyk — Tue, 04 Mar 2025 18:07:09 GMT

Please let me know when they are available so I can finalize my taxes,

Thanks in advance

Re: When will T1198 be available for 2024 tax submissions?

jaymann93 — Wed, 05 Mar 2025 14:15:54 GMT

I do not understand this answer, as the CRA has posted the T1198 form on February 19, 2025 - found here on their website:

https://www.canada.ca/en/revenue-agency/services/forms-publications/forms/t1198.html

I, too, am frustrated that I was forced to pay to "Deluxe" rather than the free version due to these forms - not to mention, payment was required/ taken before I was advised that I would not be able to submit since the forms are locked.

Others using different platforms (i.e; Wealthsimple) have successfully done submissions with these same forms.

In summary: it appears that this delay is everything to do with TurboTax - not the CRA.

Re: When will T1198 be available for 2024 tax submissions?

jaymann93 — Wed, 05 Mar 2025 14:18:35 GMT

FYI, I called TurboTax yesterday. They told me to expect the forms to be ready by mid-march.

I asked if we would be notified by email when the forms were ready / we were able to submit our returns -- I got an answer stating that "it would be way too much work to notify every user that they would be able to submit their taxes. You will just need to keep logging in and find out"

I didn't think automated emails would be a challenge, but guess I'll be logging in daily !

Re: When will T1198 be available for 2024 tax submissions?

stephreigh — Wed, 05 Mar 2025 19:37:53 GMT

How long (days/weeks/months) do you anticipate it will take for the forms to be ready? It is frustrating that the message informing me that I would not be able to submit my tax package wasn't provided until AFTER I submitted payment.

Re: When will T1198 be available for 2024 tax submissions?

gypmina — Thu, 06 Mar 2025 02:14:59 GMT

I am not patient. I was able to file with wealth simple with no issue. I want a refund but your associates do not answer my requests.

Re: When will T1198 be available for 2024 tax submissions?

KevinK1515 — Thu, 06 Mar 2025 12:57:10 GMT

I went with Wealthsimple as well. Turbo Tax is very slow with the updates and their cost have become ridiculous. Anything minor they force you to upgrade to deluxe for over $100.

Re: When will T1198 be available for 2024 tax submissions?

TurboTaxAniqua — Thu, 06 Mar 2025 13:50:29 GMT

We value your feedback. T1198 is still locked by CRA & RQ and not finalized by 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.

Re: When will T1198 be available for 2024 tax submissions?

jodiedeneau — Thu, 06 Mar 2025 17:52:30 GMT

Is this form open now? I am not showing being locked anymore but cannot figure out where to enter the T1198 information online at?

Re: When will T1198 be available for 2024 tax submissions?

mturner3 — Thu, 06 Mar 2025 23:19:35 GMT

TurboTax is saying that you cannot NETFILE if you need to submit a T1198. The CRA website says nothing to that effect. And why is the form available within Wealthsimple and you can NETFILE? The bottom line is TurboTax has dropped the ball and lost, what was a long-term customer. One last point: it is very annoying and unfair that you demand payment and then declare that a tax submission can't be made. Actually, I would say it is unethical.

Re: When will T1198 be available for 2024 tax submissions?

fkk — Fri, 07 Mar 2025 00:49:55 GMT

I am also having issues with T1198, I tried to put 2024 in the Year of payment field, and it tells me that it is not a valid entry.

At the top of the form in TurboTax, it seems to appear to be updated and indicate you can submit with T1198.

I called into the support line. I was told by the support agent to wait and that the forms are not ready from the CRA until the end of March.

I wonder if the software has not been updated to accommodate the change.

Re: When will T1198 be available for 2024 tax submissions?

willow68 — Fri, 07 Mar 2025 18:45:03 GMT

I have the same question. I believe I have entered the information correctly from my letter, However the year for payment will not accept 2024... only up to 2023??

Re: When will T1198 be available for 2024 tax submissions?

TurboTax_Susan — Sat, 08 Mar 2025 01:57:46 GMT

The Statement of qualifying retroactive lump-sum payment (T1198) is now available and unlocked in TurboTax Online.

It is available in TurboTax Desktop in Forms mode, but it's still locked. You can see a list of forms that are still in development here: https://turbotax.community.intuit.ca/turbotax-support/en-ca/help-article/tax-return/turbotax-say-forms-locked-finalized/L9h4thZZJ_CA_en_CA

Re: When will T1198 be available for 2024 tax submissions?

kilpatricko — Sat, 08 Mar 2025 14:52:05 GMT

Is there an ETA when the T1198 will be unlocked/ available for input for 2024 input?