Capital dividends that have been declared using the ITA 83(2)election are not subject to the usual gross up and tax credit procedures.

Name: Capital dividends that have been declared using the ITA 83(2)election are not subject to the usual gross up and tax credit procedures.
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When a capital dividend is declared using the ITA 83(2) election, it is not included in the recipient's taxable income and therefore, it is not subject to the usual gross up and tax credit procedures.

Capital Dividends That Have Been Declared Using the ITA 83(2)election