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Capital Dividend Accounts Explained - Tax-Free Dividends for Business Owners

Discover how a Capital Dividend Account (CDA) can help you distribute tax-free dividends as a small business owner.

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Content of this video: 

0:00 - Intro

00:34 - What is a Capital Dividend Account (CDA)?

00:54 - How Does the Capital Dividend Account Work?

01:05 - Step 1: Calculate Your CDA Balance

01:51 - Step 2: File the CDA Election Forms

02:18 - Step 3: Pay the Capital Dividend

02:33 - Processing Time of CRA election forms

02:40 - CDA Balance Validity

02:48 - Conclusion

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