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    Shareholder Agreement with Put Option | Canada


    A Shareholder Agreement protects the interests of a corporation's shareholders and minimizes the risks of share ownership. This Canadian template contains a buy-sell or "put" option.

    • This is a Canadian legal form which can be used anywhere in Canada except Quebec.
    • The Shareholder Agreement establishes the obligations of the shareholders and the corporation to each other, and sets out any restrictions on share transfers or the issue of new shares.
    • The remaining shareholders have a right of first refusal to acquire the shares of a departing shareholder, before the shares can be offered to a third party.
    • A departing shareholder also has a buy-sell or 'put' option, which would require the remaining shareholders to purchase his/her shares. The put option is available only after the departing shareholder has been unsuccessful in finding a third party purchaser for a period of 6 months.
    • The template contains buy-sell options for both an assured buy-out and a mandatory or 'shotgun' buy-sell.
    • If a shareholder dies, the surviving shareholders have the option to buy the deceased shareholder's shares, failing which they must be purchased by the corporation.
    • The Shareholder Agreement can serve to avoid unnecessary conflict by having the owners agree on management issues and exit strategies at the outset.
    Download Type: Microsoft Word
    Last Updated: 26-August-2018
    SKU: 34
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    Ontario Section 85 Asset Rollover (Land for Preferred Shares)


    Prepare a Section 85 Asset Rollover Agreement of Land for Preferred Shares with this easy-to-use template for Ontario, under Subsection 85(1) of the Income Tax Act (Canada).

    • The vendor sells a parcel of land for fair market value to a holding company in exchange for preferred shares in the holding company (a rollover) with a redemption amount equal to the purchase price of the land.
    • The parties agree to file joint elections as required under the Income Tax Act and the Ontario Corporations Tax Act.
    • The file includes a Section 116 Affidavit of Residency, to be sworn by a corporate officer of the vendor, if applicable.
    This Ontario Section 85 Asset Rollover of Land for Preferred Shares is available in MS Word format, and is fully editable to fit your specific circumstances.