T2054, Election for a Capital Dividend Under Subsection 83(2)

Private corporations can use this multiple copy form to elect to apply the provisions of subsection 83(2) ITA to a dividend. However, the dividend for which this election is made cannot exceed the balance of the capital dividend account (CDA), which is calculated in Schedule 89 (Jump Code: 89).

See also:

Schedule 89, Request for Capital Dividend Account Balance Verification