Sample resolution of directors declaring dividends

Directors Resolution to Declare Safe Income Dividend | Canada

Declare a safe income dividend for shareholders of a Canadian corporation with this downloadable Directors Resolution template.

• The corporation's directors declare a 'safe income' dividend pursuant to the Income Tax Act (Canada) on a specified class of shares.
• Payment of the dividend is conditional upon the shareholders' undertaking to repay their pro rata share of the dividend if the total cumulative dividend exceeds the 'safe income' as determined by the corporation's accountants.
• Intended for use only in Canada.

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Directors Resolution to Declare Share Dividends | Canada

Prepare a Resolution of the Directors of a Canadian corporation declaring dividends on shares with this ready-made template.

• The dividend is payable to the holders of a particular class of shares.
• The form is fully editable and can be customized for any province in Canada which has a Business Corporations Act.
• This is a free downloadable corporate form in MS Word format.

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Directors Resolution Authorizing Loan to Pay Dividend

Draw up a Directors Resolution authorizing a loan to pay shareholder dividends with this downloadable template.

• The corporation will secure a loan and use the proceeds to pay dividends to the shareholders.
• The template also contains a second Directors Resolution stating the corporation's dividend policy.
• The second resolution authorizes a yearly dividend to be paid quarterly to shareholders, conditioned upon the corporation's earnings.
• This is a generic corporate form which is not specific to any country, state, province or territory.
• Add the Directors Resolution template to your cart and proceed through the secure checkout. You can then download the form and fill it in, to be signed by the Board.

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Directors Resolution Declaring Capital Dividend | Canada

Declare a capital dividend for a Canadian business corporation with this template Directors Resolution form.

• For tax purposes, it's important that all resolutions are properly passed and actions taken at the correct times.
• The Board of Directors declares the capital dividend on a specific class of shares.
• The corporation makes an election under Section 85 of the Income Tax Act (Canada). The dividend does not become payable until the election is made.
• This form can be used by business corporations incorporated under a Business Corporations Act throughout Canada.

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Share Exchange Agreement for Reorganization | Canada

Issue new shares to shareholders in exchange for their existing shares with this downloadable template for Canadian corporations.

• A share exchange of this nature is done as part of a corporate reorganization.
• The parties to the Share Exchange Agreement are the corporation and all of the shareholders.
• The shareholders agree to exchange their existing shares for new shares of a particular class following the reorganization.
• The template also includes Directors and Shareholders Resolutions which are required to authorize the share exchanges.
• Intended to be used only by corporations incorporated in Canada.

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Annual Corporate Resolutions | Canada

Prepare the Annual Resolutions of the shareholders and directors of a Canadian business corporation with this package of forms.

In small privately held corporations, it is common to pass Resolutions instead of holding a formal annual meeting, to deal with all the business that must be covered in the corporation's annual meeting.

1. Resolution of the directors appointing the corporate officers and approving the financial statements.
2. Resolution of the voting shareholders approving the financials and electing the directors.
3. Resolution of all of the shareholders appointing auditors or waiving the audit requirement.
4. Cover letter to be sent by a law firm to its corporate clients, enclosing the forms and giving instructions to the client.

This package of Canada Annual Resolutions Forms can be used for federal companies and in Alberta, British Columbia, Saskatchewan, Ontario, New Brunswick, Nunavut, Yukon and Northwest Territories. French language translation required for Quebec.

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Ontario Section 86 Rollover Resolutions (Fixed Redemption Amount)

Prepare the required corporate resolutions to reorganize an Ontario corporation's share capital with this Section 86 Rollover Resolutions Package.

• These documents are required for a rollover with a fixed redemption amount, under s. 86 of the Income Tax Act (Canada).
• The package contains:
  • Special Resolution with instructions for wording of the Articles of Amendment, fixing the redemption amount on the new preference shares to be created;
  • Share Subscription for the replacement shares;
  • Corporate Resolutions accepting the subscriptions, setting the redemption amount for the new shares and including an undertaking of the directors not to declare dividends if it would reduce the corporation's assets and make it unable to redeem the shares at their full redemption amount;
  • Share Subscription from the new shareholder for the new shares;
  • Corporate Resolutions issuing the new shares.