Registered Education Savings Plan

Québec Education Savings Incentive

The Québec Education Savings Incentive is a tax credit deposited by Revenu Québec directly into the RESPs of eligible beneficiaries.

Eligibility

The child must:

Be under 18
Have a Social Insurance Number (SIN)
Reside in Québec on December 31 of that fiscal year
Be the beneficiary of the RESP

Features

Net family income*	Basic grant on the contribution	Additional grant on the first $500 contribution	Total grant received**
Under $38,570	10%	10%	$300
$38,570 to $77,140	10%	5%	$275
Over $77,140	10%	-	$250

* Net income entered on the 2008 income tax return of the child’s caregiver and his/her spouse. Special rules apply for cases of shared custody. ** Maximum annual amount based on a $2,500 contribution. Unused contribution room may be carried forward to attain $1,000 basic grant. Maximum cumulative amount of $7,200 per beneficiary.

To receive the QESI

There are no steps to take to receive the Québec Education Savings Incentive. Desjardins will contact Revenu Québec to make the request for you and deposit the funds into your RESP. We recommend investing these sums into one of the savings options eligible for the RESP.