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As a shareholder, what am I entitled to?

The Act or legislation that applies to the corporation determines a shareholder’s entitlement.

For example, if the Ontario Business Corporations Act applies to the corporation and the corporation has only one class of shares, then as a shareholder you are entitled to:

  1. vote at all shareholders’ meetings;
  2. receive the value of your shares, including the rights to participate in distribution of the assets of the corporation as set out in the articles;
  3. receive a copy of the corporation’s financial statements, the auditor’s report (if applicable), and any further information on the corporation’s financial position required by the articles, by-laws or any unanimous shareholder agreement, and
  4. not be oppressed.

© 2015 Lawrence, Lawrence, Stevenson LLP

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