Family Trust Forms Package to Replace Trustee | Canada

Prepare annual resolutions for a family trust in Canada with this easy-to-use forms package which contains:

• Trustee resolutions naming the records office, appointing the accountants, and confirming the acts of the trustees.
• Trustee resolutions resolving that all income allocations and expense payments required to be made have been or will be made for the year, and that the trust will not be liable for income tax under Part 1 of the Income Tax Act (Canada).
• This forms package is a downloadable MS Word file containing all of the resolutions. Fully editable and easy to use.
• Intended to be used only in Canada.

Establish a trust fund and appoint trustees for a family trust with this package of forms for Canada.

• The Family Trust package contains the following documents:
  • Discretionary Trust Deed.
  • Resolutions of the original trustee accepting the trust, acknowledging the settlement and providing for execution of documents and banking authority.
  • Receipt for the settlement from the settlor.
  • Consent to Act as Trustee form.
  • Appointment of additional trustees.
  • Trustee resolutions to be signed by the additional trustees.
• Available in MS Word format.
• Governed by Canadian tax laws and intended to be used only in Canada.

Set up an Irrevocable Discretionary Trust with this template trust deed for Canada.

• A discretionary trust is also called a blind trust because the beneficiary has no information about the assets in the trust or how the trust is administered.
• The settlor (the person setting up the trust) is the sole beneficiary of the trust and cannot act as a trustee.
• The division date will occur either upon the death of the beneficiary or on the 21-year anniversary of the establishment of the trust, whichever is earlier.
• The settlor reserves no powers or rights, and shall receive no benefits, income or capital of the trust fund in his/her capacity as settlor.
• This trust cannot be revoked.
• During the lifetime of the settlor, no income or capital of the trust shall be distributed to the settlor's spouse or a minor child of the settlor unless the distribution does not result in attribution of income or gain to the settlor under the Income Tax Act (Canada).
• This Irrevocable Discretionary Trust Deed is a good strategy to use when it's important that the beneficiary not be aware of what assets are held in the trust so as to avoid any claims of conflict of interest.

Under Canadian corporations laws, the shareholders of a corporation must elect or appoint the directors. Use this easy template to prepare the required Shareholders Resolution.

• By passing the Resolution, the shareholders appoint the directors for the ensuing year.
• Each director being appointed must consent to act in that capacity. This template also contains a Consent to Act form to be signed by each of the incoming directors.
• You can re-use this downloadable Canada Shareholders Resolution Appointing Directors form each year at the annual meeting of shareholders. Buy it, save it as a template, and prepare it for signature.
• This form can be used by federal corporations and by companies incorporated under any provincial Business Corporations Act. A French language translation is required for use in Quebec.

Set up a joint venture between a land developer and a land owner to develop a property with this Joint Venture and Land Development Agreement for Canadian projects.

• The Agreement dictates how the parties will develop, construct and market a major project on the subject property.
• The parties will incorporate a new corporation to hold the land as bare trustee on behalf of the joint venture.
• The trustee corporation will be managed by the land developer.
• The parties are not partners, agents or legal representatives of each other.
• The parties agree not to resort to any action to partition the property.
• All listing and sale prices will be mutually determined by both parties.
• Each party has a right of first refusal to purchase the other party's interest.

A joint venture to develop land is a major undertaking and the underlying agreement needs to address all of the salient issues. Get this Canada Joint Venture and Land Development Agreement for your project.