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