Investments

Tutor's signature

Here are two ways of signing an investment transaction.

Example 1: Registration in the name of the tutor

Example 2: Registration in the child's name by the tutor

When you are administering the property of the child for whom you are responsible, the Civil Code of Québec requires you to restrict yourself to presumed sound investments. We suggest you consult with a financial advisor before making any decisions.

Administer these investments based on their yield, diversifying them if possible. You may also continue with the investments held at the time you were appointed.

As with any other transaction, you may make an investment either in the child's name, or in your name as tutor (the box on this page contains examples of formulations to use with your signature).

Investments presumed to be sound
DEPOSITS
Accounts at a financial institution (bank, caisse populaire, etc.)	The money must be available on demand or within no more than 30 days, unless the deposit is guaranteed by the Autorité des marchés financiers. Unless these conditions are met, you need court authorization before making a deposit.
SECURITIES
Bonds	Must be issued or guaranteed by the Government of Québec or another province, or the Government of Canada, the United States or one of its states, a municipality, a school board, or certain Canadian public utilities, etc.
Common shares	Must be issued by a company that has complied with the Securities Act for at least three years sold through the Montreal, Toronto, Vancouver, Calgary or Winnipeg Stock Exchange
Preferred shares	Must be fully paid and issued by a corporation whose Canadian shares are presumed sound investments
- Shares in an investment fund - Shares in mutual funds or in a private trust	60% of the portfolio must consist of presumed sound investments
Real estate	Included in presumed sound investments
LOANS
First loan on real estate in Québec	Must be guaranteed or insured by Québec or another Canadian province OR Must not exceed 80 % of the real estate's value

The above list is not exhaustive.

Investments other than specified by the Civil Code

If you make presumed sound investments, you are deemed to have acted prudently. If you make investments other than those specified by the Civil Code of Québec, you are automatically liable for any losses.