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Ontario Section 86 Rollover Resolutions (No Fixed Redemption Price)
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Ontario Section 86 Rollover Resolutions (No Fixed Redemption Price)
$17.99
Qty:
This package contains the resolutions and corporate forms required for a reorganization of a corporation's share capital through a Section 86 Rollover with no fixed redemption price:
Special Resolution
with instructions for wording of the Articles of Amendment, with the redemption amount on the new preference shares to be set by the directors at the time of issue;
Share Subscription
form for the new shares;
Corporate Resolutions
accepting the subscriptions, limiting the addition to the capital account;
Directors' Undertaking
not to declare dividends if it would reduce the corporation's assets and make it unable to redeem the shares at their full redemption amount.
The Ontario Section 86 Rollover Resolutions Package (No Fixed Redemption Price) contains all of these documents in one downloadable file. All forms are fully editable to fit your specific circumstances.
Download Type:
Microsoft Word
Last Updated: 10-October-2016
SKU:
4921
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Ontario Section 85 Rollover Agreement (Assets for Preferred Shares)
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Exchange (roll over) certain assets for preferred shares in an Ontario company with this Section 85 Rollover Agreement (Assets for Preferred Shares).
The rollover is pursuant to Subsection 85(1) of the Income Tax Act (Canada).
The vendor shareholder sells the subject shares to a holding company in exchange for preferred shares in the capital stock of the holding company with a redemption amount equal to the purchase price.
The parties agree to file joint elections under Section 85(1) under the ITA and as required under the Ontario Corporations Tax Act.
The file includes a
Section 116 Affidavit
to be sworn by a corporate officer of the vendor, if applicable.
The Ontario Section 85 Rollover Agreement (Assets for Preferred Shares) is available in MS Word format, and is fully editable to fit your specific circumstances.
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