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What would happen to your business if one of the owners dies or can no longer continue? Use this Checklist for Canadian companies to help you address all of the matters you need to consider in preparing a Shareholder Buy-Sell Agreement. Topics included in the Checklist are: qualification of shares for capital gains exemption; provisions of any existing formal shareholder agreement; terms of purchase or redemption (or both) of a deceased shareholder's shares using proceeds of life insurance policies on the life of the deceased; whether life insurance policies will be held by the corporation, by the other shareholders or by a trustee. This is a Canadian document pursuant to the terms of the Income Tax Act (Canada), and is provided in MS Word format so that it can be filled in and printed.