{
    "title": "Wealthsimple RESPs now eligible for the Qu\u00e9bec Education Savings Incentive (QESI)",
    "modified_at": "2026-04-24 21:18:37",
    "published_at": "2026-04-22 13:00:00",
    "url": "https://newsroom.wealthsimple.com/wealthsimple-resps-now-eligible-for-the-quebec-education-savings-incentive-qesi",
    "short_url": "http://prez.ly/32Dd",
    "culture": "en",
    "language": "EN",
    "subtitle": "Qu\u00e9bec families can now access up to $3,600 per child in provincial education grants \u2014 on top of federal grants \u2014 directly through Wealthsimple",
    "slug": "wealthsimple-resps-now-eligible-for-the-quebec-education-savings-incentive-qesi",
    "body": "<p><strong>Montr&eacute;al, QC (April 22, 2026)</strong> &mdash; Wealthsimple, an online financial services platform, today announced that families can now apply for the Qu&eacute;bec Education Savings Incentive (QESI) through its RESP accounts. Qu&eacute;bec families saving for their children&#039;s post-secondary education can apply directly through the Wealthsimple app or on the web, unlocking up to $3,600 per child in provincial grants on top of the federal Canada Education Savings Grant (CESG). The QESI has been one of the most requested features from Wealthsimple&#039;s Qu&eacute;bec clients.</p><blockquote>&quot;We know Qu&eacute;bec families have been waiting for QESI support on Wealthsimple, and we heard them,&quot; said Shane Murphy, Senior Advisor and Associate Portfolio Manager at Wealthsimple, based in Montr&eacute;al. &quot;The QESI can make a real difference for families saving for their kids&#039; futures. Stacking it with federal grants means parents can now get up to 30% in government matching on their RESP contributions through Wealthsimple &mdash; that&#039;s money that grows over time. With our lower account fees, that makes a real difference when it comes to paying for everything that comes with post-secondary education.&rdquo;</blockquote><h4 id=\"how-the-qesi-works-on-wealthsimple\" ><strong>How the QESI works on Wealthsimple</strong></h4><p>The QESI is a refundable tax credit paid directly into an RESP from Revenu Qu&eacute;bec that matches 10% of annual RESP contributions, up to $250 per child per year, with a lifetime maximum of $3,600. Lower-income families may qualify for an additional 5% to 10% on the first $500 contributed each year. Combined with the federal CESG &mdash; which matches 20% of contributions up to $500 per child per year &mdash; Qu&eacute;bec families using Wealthsimple can now receive up to 30% in combined government grant matching on eligible RESP contributions, for a maximum of $750 per child per year in total grants.</p><p>Applying takes just minutes:</p><ul class=\"release-content-list release-content-list--bulleted release-content-list--align-inherit\"><li><span><strong>Already have a Wealthsimple RESP?</strong> Open the app or log in on the web, navigate to your RESP, select &quot;Apply for QESI,&quot; and follow the prompts. Joint account holders will each need to complete the application.</span></li><li><span><strong>New to Wealthsimple?</strong> Open or transfer an RESP and select &quot;Apply for QESI&quot; during setup. Transfers take less than five minutes to initiate, and Wealthsimple will reimburse transfer fees charged by other institutions for transfers of $25,000 or more.</span></li></ul><p>Contributions made in 2023 or later to an RESP with an eligible beneficiary count toward QESI grants &mdash; even if those contributions were made before the client applied. QESI grants are calculated based on the previous year&#039;s contributions and are typically deposited into the RESP in May. To be eligible, the child must reside in Qu&eacute;bec, be under 18 on December 31 of the contribution year, and have a valid Social Insurance Number. The QESI is available for both self-directed and managed RESP portfolios.</p><p>Wealthsimple serves over 565,000 clients in Qu&eacute;bec and offers a variety of services including investing tools, tax filing and a credit card. </p><p>For more information, visit our <a href=\"https://help.wealthsimple.com/hc/en-ca/articles/360056590774-Learn-about-contributions-and-grants-in-your-RESP\"><u>help centre.</u></a> </p><p><strong>About Wealthsimple</strong></p><p><a href=\"https://www.wealthsimple.com/en-ca\"><u>Wealthsimple</u></a> is Canada&rsquo;s leading online financial services innovator. The company offers a full suite of simple, sophisticated financial products across managed investing, do-it-yourself trading, cryptocurrency, tax filing, spending and saving. Wealthsimple currently serves more than 3 million Canadians and holds over $100 billion in assets under administration. The company was founded in 2014 by a team of financial experts and technology entrepreneurs, and is headquartered in Toronto, Canada. For more information on Wealthsimple, visit <a href=\"https://www.wealthsimple.com/fr-ca\"><u>https://www.wealthsimple.com/fr-ca</u></a><strong>.</strong></p><p>&nbsp;</p>",
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    "author": {
        "first_name": "Sheryl",
        "last_name": "So"
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