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    Canada Directors Resolution to Declare Safe Income Dividend

    $6.29

    Declare a safe income dividend for shareholders of a Canadian corporation with this downloadable Directors Resolution template.

    • The corporation's directors declare a 'safe income' dividend pursuant to the Income Tax Act (Canada) on a specified class of shares.
    • Payment of the dividend is conditional upon the shareholders' undertaking to repay their pro rata share of the dividend if the total cumulative dividend exceeds the 'safe income' as determined by the corporation's accountants.

    Canadian law requires the directors to give corporate approval by passing a resolution before a safe income dividend can be declared. Buy and download the form now.

    Download Type: Microsoft Word
    Last Updated: 14-April-2016
    SKU: 1039
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    Canada Directors Resolution Declaring Capital Dividend

    $2.29

    Declare a capital dividend for a Canadian business corporation with this template Directors Resolution form.

    • 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.

    For tax purposes, it's important that all resolutions are properly passed and actions taken at the correct times. Get the Directors Resolution Declaring Capital Dividend now.