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This version of the form is not currently in use and is provided for reference only. Download this version of
Form T2054
for the current year.
Form T2054 Election for a Capital Dividend Under Subsection 83(2) - Canada
Form T2054 is a Canadian Revenue Agency form also known as the "Form T2054 "election For A Capital Dividend Under Subsection 83(2)" - Canada" . The latest edition of the form was released in January 1, 2018 and is available for digital filing.
Download an up-to-date Form T2054 in PDF-format down below or look it up on the Canadian Revenue Agency Forms website.
FAQ
Q: What is Form T2054?
A: Form T2054 is a tax form used in Canada to make an election for a capital dividend under subsection 83(2).
Q: What is a capital dividend?
A: A capital dividend is a type of dividend that is tax-free in the hands of the recipient.
Q: Who can use Form T2054?
A: Form T2054 can be used by taxpayers in Canada who want to make an election for a capital dividend under subsection 83(2).
Q: What is subsection 83(2)?
A: Subsection 83(2) of the Canadian Income Tax Act allows for the payment of tax-free capital dividends.
Q: Why would someone make an election for a capital dividend?
A: Making an election for a capital dividend can be beneficial for shareholders as it allows them to receive tax-free income.
Download Form T2054 Election for a Capital Dividend Under Subsection 83(2) - Canada
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