Directors Resolution for Shareholder Cash Call | Canada

Declare a safe income dividend for shareholders of a Canadian corporation with this downloadable Directors Resolution template.

• The corporation's directors declare a 'safe income' dividend pursuant to the Income Tax Act (Canada) on a specified class of shares.
• Payment of the dividend is conditional upon the shareholders' undertaking to repay their pro rata share of the dividend if the total cumulative dividend exceeds the 'safe income' as determined by the corporation's accountants.
• Intended for use only in Canada.

This Equalization Agreement sets up a process by which a shareholder in a BC company who owns less than 50% of the company can contribute more capital so that both owners have the same amount of equity.

• The contributing shareholder will make installment payments to the other shareholder to buy up the number of shares required to bring his/her shareholdings up to 50% of the corporation's issued shares.
• The shares will be held in trust until all payments are made.
• Once all of the required capital has been paid in, the additional shares will be released to the contributing shareholder.

The British Columbia Share Capital Equalization Agreement is a downloadable digital template which can be personalized for your specific corporate requirements.

Pass a Directors Resolution authorizing the payment of employee bonuses with this easy template for Canadian corporations.

• The Board of Directors authorizes bonuses be paid to certain employees, in specified amounts.
• The Board also sets the remuneration to be paid to the directors.
• This Directors Resolution template can be used by federal companies and by companies incorporated in any province or territory of Canada that has a Business Corporations Act. A French translation is required for use in Quebec.
• This downloadable template form can be reused as often as you like.

Pass a special resolution to reorganize the share capital of a Canadian corporation with this easy-to-use template.

• The special resolution is passed by the directors. It authorizes the corporation to amend its Articles of Incorporation and to convert the shares as part of a corporate reorganization.
• The form can be used by federal corporations and by any provincial corporation incorporated under a Business Corporations Act (Alberta, BC, Saskatchewan, Ontario, New Brunswick, Yukon, NWT and Nunavut). A different form may be required in Quebec.
• Available as a downloadable MS Word document.

Prepare the Minutes for a meeting of the Board of Directors of a Canadian corporation with this downloadable template form.

• The Minutes contain sections for:
  • constitution of the meeting, and determining if a quorum is present,
  • old business which requires attention,
  • the introduction of new business,
  • adjournment of the meeting.
• The template can be used by any company incorporated under a Business Corporations Act across Canada. A French language version is required in Quebec.
• This Canada Minutes of Directors Meeting template is provided in MS Word format.