Directors Resolution Declaring Capital Dividend | Canada
Declare a capital dividend for a Canadian business corporation with this template Directors Resolution form.
- For tax purposes, it's important that all resolutions are properly passed and actions taken at the correct times.
- The Board of Directors declares the capital dividend on a specific class of shares.
- The corporation makes an election under Section 85 of the Income Tax Act (Canada). The dividend does not become payable until the election is made.
Last Updated: 12-January-2021