What is in the Coogan?

It’s a good idea to regularly check the statements on your child’s Coogan account, even if your child hasn’t worked recently. A percentage of residuals should show up in the account when paid, along with the required percentage of pay checks for more recent work.

If your child has done a job and a reasonable amount of time has passed, be sure to keep an accurate account of payments owed, so you can be alerted if one doesn’t show up. It’s possible some of your child’s money has ended up in unclaimed funds.

For information on Coogan Accounts, read this article on the Bizparentz website.  Legislation has been passed regarding Trust Accounts which you should also be aware of.

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