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    chico4530
    Returning Member

    Is T1198 for lump sum payment for accident insurance payout? If it is under what title do I add in ?

     
    posted
    ‎May 6, 2020 3:06 PM
    last updated ‎May 06, 2020 3:06 PM
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    TurboTaxBrenda1
    Level 15

    Is T1198 for lump sum payment for accident insurance payout? If it is under what title do I add in ?

     If you got into an accident (vehicle) and now have received a lump-sum:

    As per CRA -

     https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-re...

     

    Is this accident insurance paid for by your work?

    https://turbotax.intuit.ca/tips/reporting-payments-from-wage-loss-insurance-policies-348

    ‎May 16, 2020 3:39 PM
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