The Standard Share Transfer Form is a crucial document used in Canadian corporate practice to effectuate and record the transfer of shares between parties. This document is required whenever shares in a corporation are being transferred, whether in private or public companies, and must comply with both federal legislation (such as the Canada Business Corporations Act) and provincial securities laws. The form includes essential information such as the identities of the transferor and transferee, details of the shares being transferred, consideration paid, and required signatures. It serves multiple purposes: documenting the transfer for corporate records, providing evidence of ownership change, and ensuring compliance with regulatory requirements. The document is particularly important for maintaining accurate shareholder registers and facilitating smooth ownership transitions in Canadian corporations.
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1. Transfer Details: Essential information including the name of the corporation, number and class of shares being transferred, and distinctive numbers if any
2. Transferor Information: Full legal name, address, and contact details of the person(s) or entity transferring the shares
3. Transferee Information: Full legal name, address, and contact details of the person(s) or entity receiving the shares
4. Consideration: The amount paid or other consideration given for the shares
5. Declaration and Signature: Formal declaration of transfer and signature blocks for transferor(s) with witness provisions
6. Authentication: Space for corporate officer or transfer agent authentication if required
1. Share Certificate Details: Used when physical share certificates exist - includes certificate numbers and details
2. Spousal Consent: Required in certain provinces if shares are matrimonial property
3. Corporate Authorization: Required when either party is a corporation, including corporate signing authority details
4. Power of Attorney: Used when transfer is executed under a power of attorney
5. Tax Elections: Required when specific tax treatments are being elected for the transfer
1. Share Certificate Copy: Copy of the original share certificate(s) being transferred
2. Corporate Resolution: If required, copy of corporate resolution authorizing the transfer
3. Supporting Documentation: Any required supporting documents such as power of attorney or death certificate in case of estate transfers
4. Tax Forms: Relevant tax forms or elections that must accompany the transfer
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