Custodial account

Thanks...my TD guy was kind of stumped about the question. But I'm thinking more as a grandparent in setting it up ... I will check around some more thanks again.

Interesting question. In this regard, it might be best to contact your individual brokerage. I know at a brokerage like Qtrade and Questrade I believe you can set up a trust account for your children, so that they can start building wealth early. I believe you have to make all the trades in the account, but it's definitely a good way to get them started.

What brokerage are you with right now? To be honest, if your brokerage offers it currently, it's likely best just in terms of sheer convenience to go with them.