Stock Dividends

Stock Dividend

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…

capital dividends

Capital Dividend

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…