What happens with an UGMA/UTMA account once the minor hits the age of majority?

INITIATE ATON TRANSFER

In order to transfer an existing RRSP account to IBKR, you will first have to open a RRSP account with IBKR…

Clients often request that their individual accounts be converted to advisor accounts so they can take advantage of the advisor account structure.

Unfortunately, we cannot upgrade an Individual account to an Advisor Account. You must complete a new application, which can be accessed from our home page, by selecting Open Account -> Start Application -> Input your personal information and select Financial Advisor as the account type…

INITIATE ATON TRANSFER

In order to transfer an existing TFSA account to IBKR, you will first have to open a TFSA account with IBKR…

For classic UGMA accounts, the age of majority generally occurs at the age of 18. For UTMA accounts, the age of majority generally ranges from 21-25. It is recommended that you review the rules specific to the state that the minor resides in…