Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Conversation
The Conversation
Denis Schweizer, Professor of Finance, Concordia University

Canada and the U.S. are giving children money to build savings. But the rules on keeping it are very different

Canada and the United States are both taking steps to help children build financial assets early in life, but they differ on what happens when those children reach adulthood.

This month, the U.S. Treasury began automatically opening Trump Accounts for eligible American children. Children born between 2025 and 2028 can receive a one-time US$1,000 federal contribution invested in the stock market, though a parent or guardian must still claim it.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.