Declaration of dividend - Resolution

Description

• During the year, a corporation may decide to declare a dividend.
• A dividend to shareholders may be paid either in money or property of the corporation or by the issue of fully paid shares or options or rights to acquire fully paid shares of the corporation.
• The resolution for the declaration of a dividend, available on this website, will meet the needs of a majority of corporations for relatively simple situations.

• For a more complex situation requiring further examination, please contact  .

• Any decision concerning a corporation is subject to a resolution passed by its board of directors or, where applicable, at the shareholders' meeting.
• Any resolution of the corporation must be kept in its minute book.

Summary

The following documents are offered based on the type of payment chosen for the declared dividend.

• Dividends paid in money:
• The resolution of the corporation.
• Dividend paid by delivery of Corporation assets:
• The resolution of the corporation;
• The notice to shareholders of the corporation.
• Dividend paid through the issue of shares:
• The resolution of the corporation;
• The statement under section 2.4 of Regulation 45-106 in respect of a private issuer;
• The share certificate.