Ontario Directors Resolutions to Redeem Shares

Before a Canadian corporation can redeem any of its issued shares, the action must be authorized by a Resolution of the Directors.

• Use this easy downloadable template to prepare the Resolution form.
• By passing the Resolution, the Board of Directors authorizes the redemption of shares from a shareholder.
• The shares will be redeemed provided that the corporation determines that redeeming the shares would not render the corporation unable to meet its liabilities.
• A resolution for redemption of shares also requires the consent of the shareholders.
• This corporate template can be used by federal corporations and by any provincial corporation which was formed under a Business Corporations Act. A French language translation is required for use in Quebec.

Appoint the corporate officers for a Canadian corporation with this template Directors Resolution.

• A business corporation in Canada must appoint officers to fill the roles set out in its by-laws (such as a president, secretary, treasurer, etc). It is the responsibility of the directors to appoint those individuals.
• The Board of Directors pass resolutions appointing the officers for the corporation and assigning duties to each officer.
• This template can be used by any Canadian or provincial corporation that was formed under a Business Corporations Act. A different form may be required in Quebec.
• This is a downloadable and easy-to-use MS Word document. You can download it immediately after purchase.

Approve the purchase of commercial land by a Canadian corporation with these template Corporate Resolutions to Approve Land Purchase.

• The directors of the corporation authorize the corporation to proceed with the purchase of the land.
• The decision is ratified and approved by the shareholders.
• You can use these Corporate Resolutions to Approve Land Purchase for any Canadian or provincial corporation that was formed under a Business Corporations Act. A different form may be required in Quebec.

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.

Resolutions

• 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.

Format and Jurisdiction

This form is available in MS Word format and is editable and reusable. 

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

Prepare Annual Corporate Resolutions of the shareholders and directors of an Ontario corporation with these easy-to-use templates.

• The directors and shareholders can pass these Resolutions in lieu of a meeting, which allows them to deal with business generally handled at an annual meeting without actually holding the meeting.
• The Resolutions deal with the following items:
  • election of a new board of directors;
  • appointment of corporate officers;
  • approval of the financial statements;
  • appointment of the auditors or, alternatively, waiving the audit requirement.
• Available in MS Word format. Fully customizable to meet your needs.
• Intended to be used only in the Province of Ontario, Canada.