Formal trust account

Fund the future

You’ve worked hard to build your financial independence and you want to pass some of this freedom on to future generations. With a Questrade formal trust account, you can actively manage an investment portfolio for your real assets: your family.


What’s a formal trust account?

A formal trust is an account that holds equity in trust for a minor. When the minor reaches the age of majority, he/she can open their own account and transfer the assets from the trust account to their new personal account.

What’s the difference between a formal and an informal trust account?

An informal trust is typically opened by an adult for the benefit of another person, usually a minor. Compared to a formal trust, there is less legal documentation required to open an informal trust, however, it may be treated differently under the law.

Like an informal trust, a formal trust is typically opened by an adult on behalf of a minor. There are additional formal (legal) documents required when opening the account. These extra documents ensure that any specific account instructions are legally binding.

What can be traded in this account?

Just about everything.

Trade stocks (including OTC penny stocks), options (standard and mini-lots), ETFs, mutual funds, bonds and gold in a margin account. We also offer forex and CFD formal trust accounts.

Build your portfolio with ease.

Building a formal trust can mean you want tools for making regular contributions. This is called DCC, or dollar cost averaging, and while it is a strategy typically associated with registered accounts, it is a classic approach for formal trusts. Our DRIP (dividend re-investment plan) program is absolutely free, and almost all equities in the North American markets, including ETFs, are available. For cash contributions, we also provide numerous funding methods including PACCs (pre-authorized cash contribution) and automatic deposits.

I want to learn more about formal trust accounts

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