Lawyers Operating Trust Accounts
This account can be opened in the name of the solicitor or law firm where funds of a single client are held in trust, or a mixed trust account created when a solicitor holds more than one client’s funds in a single trust account. All interest is calculated and remitted to the Law Foundation of Ontario on a monthly basis.
Trust for Children’s Purposes
This account can be opened in the name of the child or parent/guardian, where funds are saved for the child’s future. Only a savings account can be opened on a Trust Account. There are three account options to choose from: Individual, Joint, or Undocumented Trust.
Please contact our Main Branch for more details.