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 is between the shareholders and a trustee, who is appointed for the purpose of holding life insurance policies on each shareholder, in trust to the benefit of the other shareholders. Upon the death of a shareholder the trustee, on behalf of the surviving shareholders, purchases the deceased's shares in the company using the proceeds of the life insurance.

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