We bank everything with TD Canada Trust. So far, I`ve put security deposits we hold into a separate savings account, but it`s not a trust account. According to TD, there is no trust account available for private individuals, only for businesses.
It hasn`t been a big issue yet with any of our tenants but by law security deposits are supposed to be kept in a trust account, not in a personal savings account.
For those of you who do have trust accounts, where did you go to get it?
It hasn`t been a big issue yet with any of our tenants but by law security deposits are supposed to be kept in a trust account, not in a personal savings account.
For those of you who do have trust accounts, where did you go to get it?