
Form 4 Substitute Decisions Act, Ministry of the Attorney Attorneygeneral Jus Gov on


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People also ask
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What is the prescribed fee scale for the Substitute Decisions Act, Ontario?
Currently, the prescribed fee scale is as follows: 3% on capital and income receipts; 3% on capital and income disbursements; and three fifths (3/5ths) of 1% of the annual average value of the assets, as a care and management fee (although this last fee has been determined to be an extra fee, and is only included as ...
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How much can a POA charge in Ontario?
The right to compensation 3% of income and capital receipts. 3% of income and capital disbursements. 0.6% per year of assets under management.
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What is the Substitute Decision Act in Ontario?
The Substitute Decisions Act, 1992 provides a statutory framework for determining whether a person is capable of making property (financial) and/or personal care decisions (including non-health care decisions such as nutrition, housing, clothing, hygiene and safety).
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How much does the power of attorney get paid in Canada?
An attorney is entitled to 3% on capital and income disbursements. An example of a “capital disbursement” would be paying a bill on behalf of the grantor/incapable person.
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What is the Substitute Decision Act in Canada?
The Substitute Decisions Act (the Act) is an act of the Legislative Assembly of Ontario in Ontario, Canada. It establishes the legal criteria determining when a person has the ability to make decisions that are fundamental to his/her well-being.
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Can a power of attorney transfer money to themselves in Ontario?
In Ontario, there are restrictions on the types of financial transactions that a power of attorney can carry out. In general, the principal's money or property cannot be transferred to themselves by either type of power of attorney.
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