- T2054 - Election for a
Capital Dividend Under Subsection 83(2)
Private corporations can use this form to elect to have the
provisions of subsection 83(2) apply to a dividend. For more
information, see Interpretation Bulletins IT-66, Capital
Dividends, and IT-149, Winding-up Dividend.
File one completed copy of this election with your tax services
office:
- on or before the earlier of:
-
- the day the dividend becomes payable; and
- the first day on which any part of the dividend was paid;
- separate from any tax returns. You can put the election in the
same envelope with a return, but do not insert it in or attach it
to the return.
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