A Power of Attorney for Property (POA) is a legal document that authorizes someone you trust (called your attorney) to manage your financial and property matters.
This can include paying bills, managing investments, signing cheques, or buying and selling property.
It’s important to note that granting a POA does not remove your control over your own finances—you can still act for yourself while you are mentally capable.
A POA simply ensures that someone can step in seamlessly if you’re ever unable to do so.
Types of Property Powers of Attorney in Ontario
In Ontario, there are two key types of property-related POAs:
General Power of Attorney for Property – effective only while you remain mentally capable. Commonly used for short-term situations, like travel abroad; and
Continuing Power of Attorney for Property – remains valid even if you become mentally incapable. This is the version most people create for incapacity and estate planning.
When Should You Make a Power of Attorney for Property?
Any Ontario resident aged 18 or older should consider preparing a Power of Attorney for Property.
Illnesses, accidents, or travel-related issues can arise unexpectedly, leaving no one legally authorized to handle your finances.
Without a valid POA, your loved ones would have to apply to court for guardianship—a costly and time-consuming process.
Creating one early is an act of foresight and protection for yourself and your family.
Choosing the Right Attorney
Your attorney should be a trustworthy and reliable individual—someone who will act in your best interests. They must:
Be at least 18 years old
Be mentally capable of understanding the responsibility
Keep detailed financial records
Avoid conflicts of interest
You can also appoint more than one attorney to act jointly (together) or severally (independently), depending on your needs.
How to Create a Power of Attorney for Property in Ontario
For a Power of Attorney for Property to be valid in Ontario, it must:
Be in writing
Be signed by you (the grantor)
Be witnessed by two people (who cannot be your spouse, child, attorney, or attorney’s spouse)
State clearly if it is a Continuing Power of Attorney for Property
Our notarial service allows you to complete a guided online form that automatically generates a legally compliant Ontario Power of Attorney—without the need for complicated templates or guesswork.
“My spouse can automatically access all my accounts.” Not necessarily—especially for individual bank or investment accounts.
“My Will covers this.” Wills take effect only after death; POAs operate while you are alive.
“Any online POA template will do.” Ontario has unique statutory requirements; improper wording or witnessing can invalidate your document.
Final Thoughts
A Power of Attorney for Property is a vital legal safeguard for anyone who owns assets, manages accounts, or wants peace of mind about their financial future.
It’s a simple step that prevents legal headaches and protects your interests when life becomes unpredictable.
Take the Next Step
Protect your finances with a legally sound Power of Attorney for Property tailored to Ontario law.