Directors Resolution to Authorize Employee Bonuses | 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.
• This package is a convenient time-saver for corporate lawyers and paralegals. It contains the following template forms:

1. 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.

Prepare the Minutes for an annual shareholders meeting of a Canadian business corporation with this downloadable template.

• The template covers all the matters which would be put before the meeting as resolutions, and which the shareholders would vote on, such as approving the financial statements and electing the directors for the coming year.
• With this form, it's easy to fill in the blanks where indicated and prepare the final version of the minutes for distribution to the shareholders.
• Writing up the Minutes of your company's annual shareholders meeting doesn't have to be tedious. Download the template and see how easy it can be.
• Intended to be used only by companies incorporated in Canada under a provincial or federal Business Corporations Act.

Establish the borrowing powers of the directors of a Canadian business corporation with this downloadable Corporate Borrowing Bylaw form.

• In accordance with the requirements of the Business Corporations Act, the borrowing bylaw sets out the powers of the directors to:
  • borrow money,
  • create debt obligations,
  • grant security to lenders on behalf of the corporation, and
  • delegate those powers to committees or officers.
• The Corporate Borrowing Bylaw can be used for federal corporations and in the provinces and territories of Alberta, BC, Saskatchewan, Ontario, New Brunswick, Nunavut, Yukon and NWT.

Before a Canadian corporation can redeem any of its issued shares, the action must be authorized by a Resolution of the Directors.

• Use this easy downloadable template to prepare the Resolution form.
• By passing the Resolution, the Board of Directors authorizes the redemption of shares from a shareholder.
• The shares will be redeemed provided that the corporation determines that redeeming the shares would not render the corporation unable to meet its liabilities.
• A resolution for redemption of shares also requires the consent of the shareholders.
• This corporate template can be used by federal corporations and by any provincial corporation which was formed under a Business Corporations Act. A French language translation is required for use in Quebec.

Prepare the Minutes for a meeting of the Board of Directors of a Canadian corporation with this downloadable template form.

• The Minutes contain sections for:
  • constitution of the meeting, and determining if a quorum is present,
  • old business which requires attention,
  • the introduction of new business,
  • adjournment of the meeting.
• The template can be used by any company incorporated under a Business Corporations Act across Canada. A French language version is required in Quebec.
• This Canada Minutes of Directors Meeting template is provided in MS Word format.