The Ontario Personal Property Security Registration (PPSR) System is a notice filing system that records and provides information concerning consumer and business loans where goods and other personal property are used as collateral to secure loans. The PPSR System is…
Subject to the Articles, the directors of a corporation may declare and a corporation may pay a stock dividend by issuing fully paid shares of the corporation or options or rights to acquire fully paid shares of the corporation. All…
Under certain circumstances, and provided the Articles of the Corporation provide, the directors of a Corporation may approve a deemed capital dividend upon redemption of a class of shares. Redemption of Shares Resulting in a Capital Dividend upon Redemption When…
Under subsection 83(2) of the Income Tax Act (Canada), the directors of a private Canadian corporation may pay a capital dividend to its shareholders out of the capital dividend account of the Corporation. Capital Dividend Account The capital dividend account…
A certificate of status can be obtained for any registered company. These certificates are not issued for sole proprietorships or partnerships or business names. Sometimes a certificate of status is called a certificate of good standing or a certificate of…
Below is an detailed explanation of what goes in a minute book. When a new company is incorporated there is a three step process: (1) obtaining a Certificate of Incorporation, (2) setting up a minute book and, in some…