Directors Resolution to Declare Share Dividend | Canada

Prepare a Resolution of the Directors of a Canadian corporation declaring a share dividend with this ready-made template.

  • The dividend is payable to the holders of a particular class of shares.
  • The form is fully editable and can be customized for any province in Canada which has a Business Corporations Act. A different form may be required in Quebec.
  • This is a free downloadable corporate form template in MS Word format.
Document Type: Microsoft Word
Last Updated: 08-May-2025
SKU: 172
$0.00
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Directors Resolution to Declare Safe Income Dividend | Canada

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.
  • Intended for use only in Canada.
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Picture of Directors Resolution Declaring Capital Dividend | Canada

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.
  • This form can be used by business corporations incorporated under a Business Corporations Act throughout Canada.
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