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Corporate Law-Related Blog Posts
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Share Repurchases & Buybacks Canada
Legal Services for Share Repurchases and Share Buybacks in Canada A share repurchase, also known as a share buyback, occurs when a corporation acquires its own issued shares from one or more shareholders. Share repurchases are commonly used for shareholder exits, corporate reorganizations, estate planning, tax planning, employee departures, dispute resolution, and succession planning. Unlike...
Read MoreSubscription Agreements Canada
Legal Services for Subscription Agreements in Canada A subscription agreement is a key legal document used when a company issues securities to an investor. It sets out the terms under which an investor agrees to purchase shares, units, convertible securities, or other equity or debt interests from a corporation or other issuer. Subscription agreements are...
Read MoreDo Canadian Companies Need Local Directors, Officers or Shareholders?
Understanding Residency Requirements for Key Roles of a Corporation in Canada Minimum Resident Canadian Director Quotas When setting up a corporation in Canada, whether federally or provincially, there are specific rules about who can be a director, particularly concerning residency. For federally incorporated companies, the general rule under the Canada Business Corporations Act (CBCA) is that at...
Read MoreWhat Ledgers and Registers Does a Canadian Corporation Need?
Core Corporate Records Mandated by Statute Under Canadian law, specifically the Canada Business Corporations Act (CBCA), corporations are legally obligated to maintain certain foundational documents. These records form the bedrock of the company's existence and governance, and their proper upkeep is not merely good practice but a statutory requirement. Failure to maintain these documents can lead to...
Read MoreAsset Purchase Agreements (APA)
Legal Services for Asset Purchase Agreements in Canada An Asset Purchase Agreement (APA) is one of the most common legal agreements used when purchasing or selling a business. Unlike a share purchase, where ownership of a corporation changes hands, an asset purchase generally allows the purchaser to acquire selected assets while leaving many historical liabilities...
Read MoreHow To Buy Shares in a Private Canadian Corporation
Basics of Obtaining Share Ownership of a Company in Canada Defining A Shareholder And Share Ownership A shareholder is essentially an owner of a corporation. When you buy shares, you're acquiring a piece of that company. These shares represent your ownership interest and, depending on the class of shares, can come with various rights. In...
Read MoreHow To Sell Shares in Your Canadian Corporation
Understanding Share Sales in Canadian Corporations When you decide to sell your Canadian corporation, you generally have two main paths: selling the company's assets or selling the company's shares. Most often, the person selling prefers to sell the shares. This is usually because it can lead to better tax outcomes, particularly with the way capital...
Read MoreHow To Transfer Shares in a Canadian Company
Understanding Share Transfers in Canadian Corporations Defining Share Ownership and Shareholder Status In Canada, owning shares in a corporation means you hold a piece of that company. This ownership grants you specific rights and responsibilities. When you acquire shares, you become a shareholder, which is a formal status within the corporate structure. The articles of...
Read MoreHow to Issue Shares In Your Canadian Corporation
Share Issuance Basics for Companies in Canada Issuing shares is a fundamental step in the life of a Canadian corporation, representing the sale of ownership stakes. When your corporation issues shares, it's essentially selling pieces of itself to investors in exchange for capital. This capital can then be used to fund operations, expansion, or other...
Read MoreCorporation Annual Return vs. Tax Return in Canada
How Is a Corporation Annual Return Different Than an Annual Tax Return (T2) in Canada? Distinguishing Annual Returns From Tax Filings5 It's a common point of confusion, but your corporation's annual return and its tax return are two entirely separate obligations. Think of the annual return as a yearly check-in with the government to confirm...
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