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Ontario Section 86 Rollover Resolutions (Fixed Redemption Amount)
Prepare the required corporate resolutions to reorganize an Ontario corporation's share capital with this Section 86 Rollover Resolutions Package for a rollover with a fixed redemption amount, under s. 86 of the Income Tax Act (Canada).
The package contains:
The package contains:
- Special Resolution with instructions for wording of the Articles of Amendment, fixing the redemption amount on the new preference shares to be created;
- Share Subscription from the old shareholder for the replacement shares;
- Corporate Resolutions accepting the subscriptions, setting the redemption amount for the new shares and including an undertaking of the directors not to declare dividends if it would reduce the corporation's assets and make it unable to redeem the shares at their full redemption amount;
- Share Subscription from the new shareholder for the new shares;
- Corporate Resolutions issuing the new shares.
Download: Ontario Section 86 Rollover Resolutions (Fixed Redemption Amount)
Related Forms:
- Ontario Asset Purchase Agreement for Assets of Operating Company
- Ontario Section 85 Asset Rollover of Investments
- Ontario Section 85 Asset Rollover of Land for Preferred Shares
- Ontario Section 85 Rollover Agreement (Assets for Preferred Shares)
- Ontario Section 85 Rollover Corporate Approval & Implementation Package
- Ontario Section 85 Share Rollover Agreement for Common Shares
- Ontario Section 86 Rollover Agreement
- Ontario Section 86 Rollover Resolutions (No Fixed Redemption Price)
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