Regarding a child assistance payment invested by the parent on behalf of a minor child, CRA stated:
[A]n amount paid by the Régie des rentes du Québec to a person as a child assistance payment under section 1029.8.61.18 of the Taxation Act is a refundable tax credit for that person. In addition, in our view, the attribution rules in subsection 74.1(2) of the Income Tax Act apply to an individual who has received such a payment if the individual transfers it to or for the benefit of a person under 18 years of age who does not deal with the individual at arm’s length or is the niece or nephew of the individual.