Three worksheets in TaxCycle T2, you calculate and track current-year, prior-year and next-year Capital Dividend Account (CDA) balances and complete the T2054 Election for a Capital Dividend Under Subsection 83(2).
Use the CDA Prior Year worksheet to track prior-year CDA details:
Use the CDA Current Year worksheet to calculate the CDA balance for the current year:
Use the CDA Next Year worksheet to prepare T2054 for the period after the tax year end of the corporation for which you are preparing the T2 return.
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