Document background
The Certificate of Fiduciary Authority is a crucial legal instrument used in Canadian jurisdictions when one party needs to formally grant decision-making authority to another. This document is commonly required in situations involving estate management, incapacity planning, trust administration, or business succession. The certificate provides detailed documentation of the fiduciary's powers, responsibilities, and limitations, serving as evidence of authority for third parties such as banks, government agencies, and healthcare providers. It must be drafted in compliance with Canadian federal laws and provincial regulations, particularly those governing trusts, powers of attorney, and fiduciary duties. The document typically includes comprehensive information about both the grantor and the fiduciary, specific powers granted, duration of authority, and any conditions or restrictions on the exercise of those powers.
