Directors Resolution to Declare Safe Income Dividend (Canada)

Prepare a Directors Resolution to declare a safe income dividend for a Canadian corporation with this ready-made 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. This Canada Directors Resolution to Declare Safe Income Dividend template is a downloadable and fully editable MS Word file.