Joint bank account with an elderly parent in Ontario: what it really changes
Thinking of adding your name to a parent's bank account in Ontario? What it changes for ownership, taxes and the estate, and what the big banks say.
Every guide in one place
All guides
Grouped by stage of the journey. Use the topics to narrow things down, or search for something specific.
1Get prepared Before anything goes wrong
Guides for this stage are on the way.
2Start helping When a parent needs a hand
3Take over finances When you step in
How to use a power of attorney at the bank in Ontario
A step-by-step guide for Ontario attorneys: what the bank will ask for, how long the review takes, what to do if the bank says no, and mistakes to avoid.
4Pay for care Care costs, benefits, and the family home
Guides for this stage are on the way.
5Manage as POA Your ongoing duties as attorney
Your duties as power of attorney for property in Ontario
What Ontario expects from an attorney for property: your duties, what you can spend on, gifts, the will, records, and a worked example of attorney pay.
What to do if a sibling is misusing a parent's power of attorney in Ontario
For brothers and sisters worried about how a parent's money is being handled: what's allowed, how to ask, and when to call the OPGT, the police or a court.
6Handle incapacity When a parent can no longer decide
What happens if there is no power of attorney in Ontario
Your parent can't manage their money and there's no power of attorney. The two routes to guardianship in Ontario, step by step, with real costs.
7Settle the estate After a parent has passed away
Guides for this stage are on the way.