What would happen to your business if one of the owners dies or can no longer continue? Ensure continuity of ownership and management with this Shareholder Buy-Sell Agreement for Canada. This Agreement provides for the purchase of one shareholder's interest by the other shareholder upon the death of the first shareholder by what's called the "criss cross" method. That means that each shareholder holds a life insurance policy on the other, and the deceased shareholder's shares are purchased using the proceeds of the life insurance.

This is a Canadian legal document in MS word format, pursuant to the Income Tax Act (Canada).