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Share Confirmation Letter for Canada

Share Confirmation Letter Template for Canada

A Share Confirmation Letter is a formal document used in Canadian business practice to officially confirm and document share ownership or share transactions. Operating under Canadian federal and provincial corporate laws, this document serves as an official record of share ownership, detailing specific information about the shares held, including class, quantity, and any associated rights or restrictions. The letter forms an important part of corporate record-keeping and can be used for various purposes, including proof of ownership, tax documentation, or supporting documentation for financial transactions.

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What is a Share Confirmation Letter?

The Share Confirmation Letter is a crucial document in Canadian corporate practice, used to formally verify and document share ownership or confirm share transactions. This document is typically issued when new shares are allocated, following a share transfer, or when formal confirmation of existing share ownership is required. The letter includes essential details such as the shareholder's information, share class, quantity, certificate numbers, and registration details. In Canada, these letters must comply with federal legislation such as the Canada Business Corporations Act (CBCA) and relevant provincial corporate laws. They serve multiple purposes, including providing proof of ownership for tax authorities, financial institutions, or other stakeholders, and maintaining accurate corporate records. The Share Confirmation Letter is particularly important in private companies where shares are not publicly traded, but it's also used in public companies for certain types of share transactions or ownership confirmations.

What sections should be included in a Share Confirmation Letter?

1. Letter Header: Company letterhead including full legal name, registration number, and registered address

2. Date: Date of the confirmation letter

3. Shareholder Details: Full name and address of the shareholder

4. Share Information: Detailed description of shares including class, number of shares, share certificate numbers, and issue price if applicable

5. Confirmation Statement: Clear statement confirming the shareholder's ownership of the specified shares

6. Registration Details: Confirmation of registration in the company's share register

7. Authorized Signature Block: Space for signature of authorized company representative, including name and title

What sections are optional to include in a Share Confirmation Letter?

1. Share Transfer Details: Include when the letter confirms a recent transfer of shares, detailing the transfer date and previous owner

2. Share Restrictions: Include when there are specific restrictions on the transfer or ownership of the shares

3. Payment Confirmation: Include when confirming receipt of payment for newly issued shares

4. Shareholder Rights Summary: Include when the share class carries specific rights or obligations that should be highlighted

5. Tax Considerations: Include when there are specific tax implications that should be noted

What schedules should be included in a Share Confirmation Letter?

1. Copy of Share Certificate: Attached copy of the physical or electronic share certificate

2. Share Rights Summary: Detailed summary of the rights attached to the relevant class of shares

3. Corporate Resolution: Copy of the corporate resolution authorizing the share issuance or transfer, if applicable

4. Payment Details: Record of payment details for newly issued shares, if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Canada

Publisher

Genie AI

Document Type

Confirmation Letter

Sector

Sales

Cost

Free to use
Relevant legal definitions
















Clauses











Relevant Industries

Financial Services

Professional Services

Technology

Manufacturing

Real Estate

Healthcare

Energy

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Legal

Finance

Corporate Secretariat

Treasury

Compliance

Corporate Governance

Investor Relations

Administration

Share Registry

Relevant Roles

Corporate Secretary

Legal Counsel

Chief Financial Officer

Finance Director

Company Director

Compliance Officer

Share Registry Manager

Transfer Agent

Corporate Governance Officer

Investment Relations Manager

Board Secretary

Financial Controller

Company Administrator

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Treasury Manager

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