• 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 Income Tax Folio S3-F2-C1, Capital Dividends and Interpretation Bulletin IT-149, Winding-up Dividend.

Mail one completed copy of this election, separately from any other return, to 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.