The Québec education savings incentive (QESI) is a tax measure that encourages Québec families to start saving early for the post-secondary education of their children and grandchildren.

This measure, which took effect on February 21, 2007, consists of a refundable tax credit that is paid directly into a registered education savings plan (RESP) opened with an RESP provider that offers the QESI.

For the credit to be paid into a child's RESP, the trustee of the RESP must apply for it with Revenu Québec.

If you wish to open an RESP, contact an RESP provider that offers the QESI, such as:

• a financial institution
• a group plan dealer
• a financial services provider