Start the School Year Off Right by Saving for Your Child's Education!
The Québec education savings incentive (QESI) is a refundable tax credit that is paid directly into a child's registered education savings plan (RESP). Your contribution to a child's RESP may give entitlement to the QESI, whether or not you are related to the child. The RESP must be created by a trustee authorized by Revenu Québec and held until the calendar year in which the child turns 17.
When you save with an RESP, Revenu Québec contributes an amount equal to 10% of the net annual contributions. You can receive up to $250 by contributing $2,500 per year. You can also receive an additional amount based on your family income. In addition, the federal government contributes to your RESP through programs such as the Canada Education Savings Grant and the Canada Learning Bond.
A head start for a bright future!
For more information, click Québec Education Savings Incentive.