Powers of attorney, mandataries and representatives
A participant may give a mandate to a trustworthy person to carry out certain actions related to the management of his or her savings products at Épargne Placements Québec.
Under certain legal circumstances, a mandate may also be exercised on behalf of a participant, particularly in the event of incapacity.
Depending on the situation, a participant may be represented by:
a mandatary designated under Épargne Placements Québec’s Limited Power of Attorney form;
A limited power of attorney allows you to grant certain powers to a person you trust to represent you in carrying out transactions related to the products you hold at Épargne Placements Québec. This power of attorney authorizes the mandatary (the person you designate) to:
- access your account information and transaction history;
- carry out transactions such as purchases, sales (using the Flexi-Plus Savings redemption method only), maturity instructions, reinvestments on anniversary dates or upon maturity, and transfers allowed for your accounts.
The power of attorney does not authorize the mandatary to:
- make bank transfers or electronic funds transfers (EFTs) to a financial institution or for its own benefit;
- change your mailing address or email address, or your mailing preferences (paper or electronic) for transaction confirmations, portfolio statements and tax slips;
- change your banking information;
- access your personal information (including your social insurance number [SIN], banking information, mailing preferences and date of birth);
- open a new type of account, request or change Web access, and add or modify an RRIF or a LIF payment agreement.
To set up a limited power of attorney with Épargne Placements Québec, you must complete and sign our power of attorney form in accordance with the instructions provided in the form. This power of attorney is valid for five years and is not automatically renewed. You must submit a new form before the end of the period covered.
Changing your mandatary
If you have a current power of attorney and wish to change your mandatary, you must fill out a new power of attorney form. This new power of attorney will replace the previous one
Terminating a power of attorney
Both the principal (the person granting the power of attorney) and the mandatary (the person exercising the power of attorney on behalf of the participant) may terminate the power of attorney at any time, by providing a signed notice. If you wish to terminate the power of attorney, Épargne Placements Québec will send you a termination or waiver form, as the case may be.
Obtaining a form or notice
To obtain the Limited Power of Attorney form or a notice of termination or waiver, please contact us.
Submitting a form or notice
Completed and signed forms and notices must be submitted using the “Transmission of documents” feature of our online services at transactions.epq.gouv.qc.ca. Your request will be processed more quickly since postal delays will be eliminated.
You may also send us the forms by mail.
a mandatary designated in light of a specific legal situation or under a mandate other than the Épargne Placements Québec form, or a legal representative.
Depending on the situation, a participant may be represented by:
- a mandatary designated by mandate or in light of a specific legal situation, including:
- a court-appointed tutor,
- a mandatary designated by a protection mandate (or a mandate in case of incapacity);
- a legal representative, including:
- the representative of a minor,
- a mandatary designated by a notarized power of attorney.
You must send us the legal documents attesting to the situation. If there is more than one representative, a Designation of Representatives form is required. It will then be mailed to you for signature.
The representative(s) will be deemed valid by Épargne Placements Québec until the new documents are received.
Participant’s obligation
When a participant fills out Épargne Placements Québec’s Limited Power of Attorney form, he or she is responsible for ensuring that this power of attorney is not in conflict with another mandate or power of attorney applicable to his or her situation. It is the participant’s responsibility to provide Épargne Placements Québec with the necessary documents regarding the mandate or power of attorney that applies to his or her situation. Épargne Placements Québec accepts no responsibility in this regard and takes into consideration only those documents that have been served to it or that have been forwarded to it by the participant.
You must send us, as soon as possible, the legal documents attesting to the mandate you are giving.
A mandate arising from a specific legal situation takes precedence over a mandate granted under Épargne Placements Québec’s form.
The Curateur public’s assistance measure
Since the coming into force of the law to better protect vulnerable persons, assistants officially recognized by the Curateur public can communicate with Épargne Placements Québec in support of a participant.
