Prepare the required corporate resolutions to reorganize an Ontario corporation's share capital with this Section 86 Rollover Resolutions Package for a rollover with no 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, with the redemption amount on the new preference shares to be set by the directors at the time of issue;


• Share Subscription form for the new shares;


• Corporate Resolutions accepting the subscriptions, limiting the addition to the capital account;


• Directors' Undertaking 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.

These Ontario Section 86 Rollover forms are provided in MS Word format and are all fully editable to fit your specific circumstances.