Checklist for Shareholder Buy-Sell Agreement | Canada

Learn how to prepare a Shareholder Buy-Sell Agreement with this checklist for Canadian companies.

  • What would happen to your business if one of the owners dies or is no longer able to work? A Shareholder Buy-Sell Agreement provides for continuity of the business in those events.
  • Topics included in the Checklist are:
    • qualification of shares for capital gains exemption;
    • provisions of any existing formal shareholder agreement;
    • terms of purchase or redemption (or both) of a deceased shareholder's shares using proceeds of life insurance policies on the life of the deceased;
    • whether life insurance policies will be held by the corporation, by the other shareholders or by a trustee.
  • This is a fully editable legal form in MS Word format which can be customized to fit your circumstances.
  • Governed by Canadian tax laws and ntended to be used only in Canada.
Document Type: Microsoft Word
Last Updated: 24-December-2024
SKU: 3006
$12.49
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Plan ahead for the continuation of your business upon the death or retirement of an owner with this Shareholder Buy-Sell Agreement (Promissory Note Method) for Canadian companies.

  • The corporation will hold life insurance policies on each of the shareholders and use the proceeds to redeem and acquire its own shares from a deceased shareholder's estate.
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