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My brother lives in DC (USA) and he's opened custodial accounts for his kids (UTMA) as they are both minors. Since I am named as his children's guardian but I live in Canada , he would like to open accounts here as well. This way they have access to money / funds just in case ... What is the proper account type for minors in Canada at TD (equivalent to the UTMA in US)? Thanks.
August 11, 2016 05:56:15 PM
In reply to A, Ottawa
We appreciate having you join us at TD Helps, A! We'd be happy to help!
We'd like to let you know that you've reach TD Bank NA in the United States. Based on your question, it sounds like you want to reach out to our partners up north, TD Canada Trust since you brother is looking to possibly open a Canadian account. You may submit your inquiry via their TD Helps page here: https://go.td.com/1QBOF4U. If you wish, you may even connect with them 24/7 at 1-866-222-3456.
We hope all of this information was helpful. Feel free to contact us again with any other questions.
Shanika A, Mount Laurel
August 11, 2016 05:57:19 PM