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T1198 Statement of Qualifying Retroactive Lump-Sum Payment
What Is Form T1198?
The Form T1198 Statement of Qualifying Retroactive Lump-Sum Payment is a statement you can use to report certain types of lump-sum income.
How to Report T1198 Form?
The amount on T1198 is included in your income for the year you received the payment and may be subject to income tax and other deductions.
If you are filing a paper return, you can mail T1198 with your return.
If you have questions about form T1198 taxes or how to file it correctly, you should contact your employer or a tax professional.
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Fillable online T1198 Statement of Qualifying Retroactive Lump-Sum Payment