In an ever evolving business world with labour related issues becoming increasingly complex, many businesses are considering alternatives to obtain the resources and skills required. Examples of such alternatives include the use of independent contractors, labour brokers and personal service providers, among others. In many instances these provide simplified solutions to meet the immediate business need, but more often than not, these could lead to increased tax complexities, especially in relation to employees’ tax.

In last month’s mhESSENTIALS newsletter we discussed the role of a power of attorney . We ended by raising the question of a power of attorney over somebody who becomes mentally incapacitated and noted that in such circumstances a power of attorney would not be permitted.

Power of attorney is one of those phrases that you hear quite often, and there are some very real implications to an individual if they sign it over. Understanding what power of attorney is, and how it can affect you after certain life events, is important. This is especially the case when someone suffers a mental condition and becomes mentally incapacitated.