Canada Set-Off and Cancellation Agreement


Prepare an Agreement for Set-off and Cancellation of Shares between two affiliated Canadian companies with this downloadable template.

  • One of the companies (selling company) sells shares to the other (purchasing company), as part of a rollover transaction.
  • The purchase price of the shares is set off against the redemption of shares of stock held by the purchasing company in the capital of the selling company.
  • The purchaser pays for the shares by way of a promissory note. The vendor redeems the shares and pays the redemption price also by way of promissory note.
  • Both promissory notes are for the same amount and set each other off.
This Canada Set-Off and Cancellation Agreement template is available in MS Word format, and is fully editable to fit your specific circumstances.
Download Type: Microsoft Word
SKU: 6198
Last Updated: 14-Apr-2016
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Canada Share Exchange Agreement (Reorganization)

Issue new shares to shareholders in exchange for their existing shares with this downloadable template for Canadian corporations.

  • A share exchange of this nature is done as part of a corporate reorganization.
  • The parties to the Share Exchange Agreement are the corporation and all of the shareholders.
  • The shareholders agree to exchange their existing shares for new shares of a particular class following the reorganization.
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Canada Section 86 Rollover Agreement (Shares)

Prepare a Section 86 Asset Rollover Agreement for a rollover of shares as part of a corporate reorganization, with this easy-to-use template for Canadian corporations.

This package contains the following documents:
  1. Share Exchange Agreement pursuant to Section 86 of the Income Tax Act (Canada).
  2. Corporate resolutions to authorize the transaction.
  3. Subscription form for the new shares.
This Canada Section 86 Rollover Ag.....