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 Dividend Upon Redemption
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…