Capital Dividend 83(2) | ||
1 | review previous tax files to get capital dividend account | CDA |
2 | Schedule box 520 to enter capital dividend | |
3 | must file the tax first and wait for one year in order to elect capital dividend | |
4 | File T2054 - for private corporation | |
5 | - must write down the date the dividend become payable | |
6 | -must write down first date dividend was paid | |
7 | Deadline 90 days after the year end | |
8 | Late filing penalty | $42 per month |
9 | no need to record capital dividend to T5 since it is tax free any way | |
10 | ||
11 | ||
T2054 Election of Capital Dividend 83(2)
t2054-11e.pdf | |
File Size: | 28 kb |
File Type: |