Sales tax and income tax. How do they work?
Sales tax and income tax provide funding for public services and social programs. Learn more here.
Under the QESI, we contribute up to $300 per year directly to your registered education savings plan (RESP) through a refundable tax credit.
The child can:
Anyone can open an RESP for a child under 17—parents, grandparents, guardians, other relatives or friends.
You can start contributing as soon as the child is born or any time before they turn 17.
The Government of Canada offers the Canada Education Savings Grant and the Canada Learning Bond to help you grow your RESP.