Your child inherited a large amount of money from your mother, who passed away a few months ago. You would like to invest the money to make sure it grows. If the money is invested wisely, you think the initial amount could double by the time your child turns 18.
As your child’s legal tutor, you are responsible for safeguarding and carefully managing their money, which you must turn over to them when they reach full age. You are not obliged to make it grow, which is why you must invest the money in presumed sound investments only.
What are presumed sound investments?
Presumed sound investments include certain bonds, common shares, certain preferred shares, shares in mutual funds or investment funds, and real estate. This list is explained on our Investments 
page.
If you make investments other than those specified by the Civil Code of Québec, you may be held liable for any losses, which you would have to repay.
Sound management
You can open an RESP account for your child. With this type of investment, the government contributes 30% for every dollar you invest (to a maximum amount), significantly increasing the amount your child will receive for their education. For more information about RESPs, visit the Autorité des marchés financiers page.
Finally, the Civil Code of Québec stipulates that you must provide a guarantee if the value of the assets you are administering exceeds $25,000. This guarantee is called a security. For more information, visit our Security page.
