Jean-Luc is the only shareholder of a corporation that has liquidated all of its properties. After paying all of its liabilities, there is $501,000 in cash available for distribution on the winding up and dissolution of the company. The common shares have a PUC of $45,000 and an ACB of $80,000 and there is a balance in the company's CDA of $51,000. There is no balance in the company's GRIP account. The distribution to Jean-Luc is:

		a capital dividend of $51,000, along with a taxable non-eligible dividend of $405,000.
		a capital dividend of $51,000, along with a taxable non-eligible dividend of $354,000.
		return of capital of $45,000, along with a taxable non-eligible dividend of $405,000.
		a capital dividend of $51,000, along with a taxable eligible dividend of $354,000.