Canada Directors Resolution Declaring Capital Dividend

Declare a capital dividend for a Canadian business corporation with this template Directors Resolution form.

• 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.

For tax purposes, it's important that all resolutions are properly passed and actions taken at the correct times. Get the Directors Resolution Declaring Capital Dividend now.