Personal Finance

Questrade RESP Any Quebec residents got the 2017 QESI grant ?

  • Last Updated:
  • Oct 9th, 2019 12:23 am
[OP]
Member
User avatar
Jan 1, 2012
480 posts
104 upvotes
Sainte-Therese

Questrade RESP Any Quebec residents got the 2017 QESI grant ?

I Contributed Dec 12 2017 So far no grant showed up
Anyone can chime in with their experience?
49 replies
Newbie
Dec 24, 2018
4 posts
It will be deposited on the upcoming April/ May,
The Quebec government depositing the grants each year by April/ May, for all contributions until the past end of October,
So if you did your contribution after October 31st you’ll get your grants one year later.

For all questions about RESP please feel free to ask me by email,
For all about RESP please email me @ johnsmithcanada100@gmail.com,
I’ll be more then happy to answer,
Newbie
Dec 2, 2018
5 posts
Hi,

SaversSAve is talking about 2017 QESI not 2018 QUESI. I am in the same boat: Usually I put a contribution in the begininging of the year and i receive the QESI grant in MAY-JUNE of the following year. For 2017, I put money in the beginning of 2017 (January or Febreuary 2017). Still no QESI grant on March 10th 2019!!

On Mach 1st, I sent them this email without receiving any answer yet. I would like to at least obtain an status report on the situation:

Hi again,

I would like to know what's happend to the 2017 QESI grant. I saw some informations on internet blogs that it was supposed to be deposited at the end of February ? But still no deposit on March 1st.

Can you take care of your Quebec's customers and send them a status report on this abnormal delay.

Usually deposited in May. A delay of 9 months and it's not finished...And you put the blame on Revenue Quebec.

Please send an update on this abnormal situation to me and your Quebec's customers.

Thank you
[OP]
Member
User avatar
Jan 1, 2012
480 posts
104 upvotes
Sainte-Therese
This is what they wrote me Image

Then they wrote:
Image
[OP]
Member
User avatar
Jan 1, 2012
480 posts
104 upvotes
Sainte-Therese
Smarter wrote:
Mar 3rd, 2019 12:05 pm
It will be deposited on the upcoming April/ May,
The Quebec government depositing the grants each year by April/ May, for all contributions until the past end of October,
So if you did your contribution after October 31st you’ll get your grants one year later.

For all questions about RESP please feel free to ask me by email,
Top clarify, since I made my contribution On Dec 22 2017 I should get my grant Around April/ May of 2019 ?
Image
Deal Addict
Feb 21, 2004
1378 posts
171 upvotes
Montreal
Same boat here. Still not received QESI grants from FY2017 deposits. Been doing follow ups every 3 months and keep getting generic answers. This is the latest from last week:

Dear Sir/Madam

Thanks for contacting Questrade. My name is Tonya and we thank you for reaching out to us.

We thank you for making your deposits to your account, we recently had a discrepancy with Revenue Quebec which has now been resolved.

We are awaiting payments from Revenue Quebec, as this becomes available we will be sure to update your accounts. At this time we do not have an estimated time frame.
I believe the issue stemmed from the format in which Questrade transmitted the info to Revenue Quebec.
Newbie
Dec 24, 2018
4 posts
SaversSave wrote:
Mar 11th, 2019 5:48 pm
Top clarify, since I made my contribution On Dec 22 2017 I should get my grant Around April/ May of 2019 ?
Image
Correct, the year for the qesi ending on October 31, deposit made after that date, is considered for the next year, so if you made it in December 2017, it’s considered for 2018, so you will get your qesi in 2019
For more, please email me @johnsmithcanada100@gmail.com
For all about RESP please email me @ johnsmithcanada100@gmail.com,
I’ll be more then happy to answer,
Deal Addict
User avatar
Oct 14, 2001
1621 posts
410 upvotes
GMA
It is definitely a strange issue. I have 2 separate RESP's with Questrade and one got the 2017 QESI while the other didn't. Contributions were made on the same day. See details below:

Transaction Date Action Description Net Amount
2017-01-11 CON BENE: 01 YOUNGER KID RESP CONTRIBUTION x $
2017-01-11 CON BENE: 01 OLDER KID RESP CONTRIBUTION x $
2017-02-28 GRT AS OF 02/28/2017 BENE: 01 YOUNGER KID GRANT RECEIVED FOR YEAR:2017 0.2x $
2017-02-28 GRT AS OF 02/28/2017 BENE: 01 OLDER KID GRANT RECEIVED FOR YEAR:2017 0.2x $
2018-11-12 QET AS OF 11/07/2018 BENE: 01 OLDER KID QESI REC'D FOR YEAR:2017 0.1x $
[OP]
Member
User avatar
Jan 1, 2012
480 posts
104 upvotes
Sainte-Therese
Smarter wrote:
Mar 17th, 2019 3:59 pm
Correct, the year for the qesi ending on October 31, deposit made after that date, is considered for the next year, so if you made it in December 2017, it’s considered for 2018, so you will get your qesi in 2019
For more, please email me @johnsmithcanada100@gmail.com
That's ridiculous!
Newbie
Dec 24, 2018
4 posts
The Quebec government do not calculate how much to contribute to each RESP, they getting updates from Canada once a year,
Then they contributing according to that,
For all about RESP please email me @ johnsmithcanada100@gmail.com,
I’ll be more then happy to answer,
[OP]
Member
User avatar
Jan 1, 2012
480 posts
104 upvotes
Sainte-Therese
Smarter wrote:
Mar 18th, 2019 7:00 pm
The Quebec government do not calculate how much to contribute to each RESP, they getting updates from Canada once a year,
Then they contributing according to that,
So when should I expect it?
Newbie
May 31, 2019
1 posts
Same issue here. Middle of 2019 and I'm still waiting for QESI grant for 2017 and 2018 contributions.
Deal Addict
User avatar
Oct 14, 2001
1621 posts
410 upvotes
GMA
This is getting ridiculous. In my case, it has been 872 days (from Jan. 11, 2017 to now) and still nothing for my younger kid.

Starting in 2019, contributions will go elsewhere with a better support. If Questrade can't fix in over 2 years, it's a sign that they don't take it seriously enough because their Quebec customer base is probably fairly small.

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