CRA confirms that the directors can authorize a late capital dividend election after the dividend declaration

CRA confirmed that the advance authorization of a late capital dividend election (described in s. 83(3)(c)) by the directors need not be made before the declaration of the dividend in question, and need only be made before the filing of the late election.

Neal Armstrong. Summary of 11 October 2019 APFF Roundtable, Q.13 under s. 83(3).