You are correct these dividends are tax-free.
Quoting directly from the CRA website link below: "This Chapter discusses capital dividends and the capital dividend account (CDA). The CDA keeps track of various tax-free surpluses accumulated by a private corporation. These surpluses may be distributed tax-free in the form of capital dividends to the corporation’s Canadian-resident shareholders. A corporation paying a capital dividend must file an election in respect of the dividend when the dividend is paid or becomes payable (capital dividend election). In certain circumstances, a late-filed election is acceptable (late-filed capital dividend election). If the corporation pays a capital dividend which exceeds the balance in its CDA, there will be additional tax consequences."
From my quote above - Income Tax Folio S3-F2-C1, Capital Dividends: https://bit.ly/2Aacdh3
Here is a link from TurboTax to guide you with your foreign sources: How do I report foreign income, pension, and other foreign amounts? - https://bit.ly/2BuCFAf
Also from TaxTips - Capital Dividend: https://www.taxtips.ca/glossary/capital-dividend.htm
@robertdhull - Is there anything else I can assist you with?
No, I was finally able to talk to Turbo Tax support and they answered the question. My question was not if it was tax-free ... I already knew that ... it was: "Did it need to be reported anywhere?" and the answer is "no". I don't know if I can deduce from this that ANYTHING that is tax free need not be reported. Thanks for taking the time to respond.
I'm glad you got it all figured out. Thank you for replying! I will revise the above answer with the HOW as well.
Will Turbotax calculate Capital Dividends and maintain year to year balances?