Income Tax Regulations (C.R.C., c. 945)

2101 Any election under subsection 83(2) of the Act in respect of a dividend payable by a private corporation shall be made by filing with the Minister the following documents:

• (a) the form prescribed by the Minister;

• (b) where the directors of the corporation are legally entitled to administer the affairs of the corporation, a certified copy of their resolution authorizing the election to be made;

• (c) where the directors of the corporation are not legally entitled to administer the affairs of the corporation, a certified copy of the authorization of the making of the election by the person or persons legally entitled to administer the affairs of the corporation;

• (d) where the election has been made under subsection 83(2) of the Act and paragraph (e) is not applicable, schedules showing the computation of the amount, immediately before the election, of the corporation’s

  • (i) capital dividend account, and

  • (ii) 1971 undistributed income on hand, if any, if the dividend was payable on or prior to March 31, 1977; and

• (e) where the election has been made under subsection 83(2) of the Act and subsection 83(3) of the Act is applicable, schedules showing the computation of the amount, immediately before the dividend became payable, of the corporation’s

  • (i) capital dividend account, and

  • (ii) 1971 undistributed income on hand, if any, if the dividend was payable on or prior to March 31, 1977.

• (f) and (g) [Repealed, SOR/88-165, s. 12]