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Wealthsimple announced on April 22, 2026 that the Quebec Education Savings Incentive (QESI) is now available with its RESP accounts. As a result, Quebec families can now receive the provincial grant directly with Wealthsimple, in addition to the federal assistance already available.
Wealthsimple is also expanding its ecosystem: see our review of Wealthsimple Family.
Until now, the absence of the QESI limited the appeal of Wealthsimple’s RESP for many parents in Quebec. Now, Wealthsimple becomes a much more complete option for saving toward a child’s post-secondary education.
In addition, this new feature applies to both managed RESPs and self-directed RESPs.
The IQEE is a tax measure that encourages Quebec families to save for their children’s and grandchildren’s post-secondary education from an early age. It is received in the form of a refundable tax credit, administered by Revenu Québec.
Revenu Québec calculates the amount and pays it directly into an eligible RESP.
Specifically, Wealthsimple now allows its clients to apply for the QESI in the mobile app or on its website. Each joint subscriber must complete their own application when required.
This announcement addresses one of the main drawbacks of Wealthsimple’s RESP in Quebec.
In fact, before this announcement, many families preferred other institutions that already offered the QESI.
To learn more about the platform, see our guide to Wealthsimple:
In Quebec, the QESI is additional assistance that can significantly boost education savings over several years.
Without this grant, an RESP provider had a clear disadvantage compared with institutions already registered with Revenu Quebec.
Now that Wealthsimple offers the QESI, Quebec families can compare more options based on:
In other words, Wealthsimple’s RESP finally becomes competitive in Quebec.
The amount depends on family income, annual contributions, and unused entitlements from past years.
On a $2,500 contribution, many families can receive:
As a result, combined benefits can become very attractive over the long term.
To better understand how it works overall, see our RESP guide:
Wealthsimple indicates that certain contributions made since 2023 could be taken into account retroactively for the QESI, provided the eligibility conditions are met.
This is particularly interesting for families who already held a Wealthsimple RESP before the official addition of the QESI.
However, each case may vary depending on:
Wealthsimple stands out by offering two approaches.
Wealthsimple builds and manages the portfolio for you based on your investor profile.
This option may be suitable if you are looking for:
You choose your own investments, including eligible ETFs and stocks.
This option may be suitable if you are already comfortable investing independently.
The answer depends on your situation.
A transfer may be worthwhile if:
You may want to stay where you are if:
Wealthsimple also states that it reimburses certain transfer fees according to applicable conditions. Check directly with them if incoming transfer fees are reimbursed in your situation.
The addition of the IQEE truly changes the situation for Quebec families.
Previously, Wealthsimple offered a good RESP platform, but it was incomplete for Quebec families. Now, the company becomes a serious option for those who want to combine:
For many families, this is probably the best improvement Wealthsimple has made to its RESP since launching in Quebec.
Feel free to also consult our analysis on Wealthsimple’s reliability.
Wealthsimple now offers the IQEE with its RESP accounts. It was the missing piece for many Quebec families.
If you are looking for a modern, low-cost solution for education savings, Wealthsimple’s RESP now deserves a real place in your comparison.
As always, compare fees, investment options, and the grants you can actually access before making your decision.
Savings this way:
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