The present study aimed to assess differences in executive functioning between 39 monolingual and 42 multilingual 23-month-old toddlers, both when dichotomizing multilingualism and assessing it on a continuum. It was hypothesized that multilinguals, individuals with greater non-dominant language exposure, and individuals with more translation equivalents would perform better in the following domains: response inhibition, attentional flexibility, and regulation. No differences were expected for working memory. The Early Executive Functions Questionnaire, a newly developed parental report, was used to measure the four executive functions of interest. Multilinguals and individuals with greater non-dominant language exposure had significantly higher response inhibition; however, no differences were noted for any other executive function. Additionally, no associations between translation equivalents and executive functioning were found among French-English multilinguals (n = 31). Post-hoc analyses revealed that non-dominant language production had a positive correlation with working memory. The present findings support the notion of a domain-specific cognitive advantage for multilingual toddlers.