The CRA has “retired” the shortcut method for excess CDA elections. It is now necessary to wait for the Part III assessment and then file an election under subsection 184(3) of the Income Tax Act (Canada) in respect of the excess amount. The election must be made within 90 days of the date of the Part III assessment, and the election must comply with the requirements in section 2106 of the Income Tax Regulations.
Sam McDonald “No More Shortcut Around the Excess Capital Dividend Election” Canadian Tax Focus 16:2 (May 2026)
