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    Ontario Corporate Resolutions to Convert Debt to Equity


    Authorize a conversion of debt to equity with these corporate resolutions for an Ontario corporation.

    • The directors and shareholders of the corporation resolve to cancel an existing shareholder loan.
    • They then resolve to add the outstanding principal balance of the loan to the shareholder's stated capital account.
    • The resolutions are made pursuant to the Ontario Business Corporations Act.
    • The form is available as a downloadable and fully editable MS Word template. Other formats available by request.
    • Intended for use only in the Province of Ontario, Canada.
    Download Type: Microsoft Word
    Last Updated: 02-October-2021
    SKU: 1042