Directors Resolution Declaring Capital Dividend | Canada

For tax purposes, it's important that all resolutions are properly passed and actions taken at the correct times.
The Board of Directors declares the capital dividend on a specific class of shares.
The corporation makes an election under Section 85 of the Income Tax Act (Canada). The dividend does not become payable until the election is made.
This form can be used by business corporations incorporated under a Business Corporations Act throughout Canada.

$2.29

Directors Resolution Declaring Stock Dividend

This template Directors' Resolution declares a dividend payable on the corporation's shares of stock.
The dividend will be paid by way of issuing new shares to the shareholders on a pro rata basis (based on the ratio of their current shareholdings to the aggregate of all outstanding shares issued by the corporation).
This is a generic corporate form (not country specific).
Download your copy of the Directors Resolution Declaring Stock Dividend and present it to the Board for signature.

$2.49

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.

$6.29

The dividend is payable to the holders of a particular class of shares.
The form is fully editable and can be customized for any province in Canada which has a Business Corporations Act. A different form may be required in Quebec.
This is a free downloadable corporate form in MS Word format.

$0.00