Canada Set-Off and Cancellation Agreement

$6.29

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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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.
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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.
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