  Averaging of a retroactive payment or arrears |
Specify the type of averaging of a retroactive payment or arrears as per form TP-766.2-V.
The following options are applicable for the keyword Averaging.
CPP/QPP disability pension A disability pension paid to you under the Québec Pension Plan (QPP) or the Canada Pension Plan (CPP), or life annuity payments under a pension plan.
Benefits under the Act Respecting CPP/QPP Any other benefit paid to you under the Québec Pension Plan (QPP) or the Canada Pension Plan (CPP), or life annuity payments under a pension plan.
Employment benefits Benefits paid to you under the Employment Insurance Act, the Unemployment Insurance Act, the Act respecting parental insurance or the Universal Child Care Benefit Act.
Labour adjustment benefits last-resort financial assistance (income security benefits) or labour adjustment benefits.
Employment income/wage loss insurance benefits Employment income received pursuant to a judgment, an arbitration award, or a settlement between the parties in legal proceedings, or under the Act respecting municipal territorial organization. or a wage loss replacement benefits that you are required to include in your income.
Benefits under the Labour Adjustment Benefits Act
Old age security pension Benefits paid to you under the Old Age Security pension paid to you under the Old Age Security Act.
Alimony or maintenance arrears If you paid support-payment arrears that you received in a previous year.
Reimbursement of support payments If you repaid an amount of support (other than non-taxable support) that you received in a previous year.
Other Interest on a retroactive payment that you are required to include in your income.
an earnings loss benefit, a supplementary retirement benefit or a permanent impairment allowance paid to you under the Canadian Forces Members and Veterans Re-establishment and Compensation Act.
An amount other than employment income that, in the opinion of the Minister of Revenue, would increase your tax burden unduly if it was included in your income for the year in which you received it.
Enter the name of the payer (TP-766.2).
Enter the amount of retroactive payment or alimony or maintenance arrears received in the year and the year the amount is related to.
The following options are applicable for the keyword Receipt.a.
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Use the keyword Principal to input the principal amount of the retroactive payment for each applicable year.
Use the keyword Interest.retro to enter the interest portion of the retroactive payment for each applicable year.
Enter the reference year for requested carry-over.
The following options are applicable for the keyword CF-Requested.a.
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Enter the deferred amount and description of the (TP-766 Part 4)
Enter the amount of alimony or maintenance arrears paid in the year and the year the amount is related to.
The following options are applicable for the keyword Payment.a.
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Use the keyword Principal to input the principal amount of the retroactive payment for each applicable year.
Use the keyword Interest.retro to enter the interest portion of the retroactive payment for each applicable year.
Form T1198 should be attached to the taxpayer's return for the year of payment in order to require a special tax calculation if the amount shown under "Total principal (prior years only)" is $3,000 or more. Note that if a T1198 is submitted, it will cause efile ineligibility.
Note: The qualifying retroactive lump-sum payment (QRLSP) indicated on this form has to be reported on the recipient's information slip (such as a T4, T4A, T4E).
A QRLSP is a lump-sum payment paid to an individual (other than a trust) in a year that relates to one or more prior eligible taxation years throughout which the individual was a resident of Canada. To be a qualifying amount, the payment must have been paid after 1994 from one of the following sources:
- income from an office or employment received under:
- a judgment from a court or other competent tribunal;
- an arbitration award; or
- a lawsuit settlement agreement (including damages for loss of office or employment);
- benefits from Unemployment Insurance or Employment Insurance;
- benefits from a superannuation or pension plan (other than non-periodic benefits such as lump-sum withdrawals);
- spousal, common-law partner, or taxable child support payments; or
- benefits from a wage-loss replacement plan.
Total interest (current and prior years)(form T1198)
The following options are applicable for the keyword Total-Interest.
Amount of principal that relates to each applicable year (form T1198)
The following options are applicable for the keyword Cap-Breakdown.
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Payer-Name.a 
Receipt.a 
Principal