Depending on the age gap between children, the individual plans might be the best option since the RESP must be terminated on or before December 31st of the plan’s 36th year. The beneficiary's age is irrelevant. So, if you set up a family plan and have children who are 6 years apart, you might have to terminate the plan before the last one uses it! I like the Individual plans. Have separate plans for each child and then they can even get involved down the road if you want them to know about the funds. They can budget their own money, they can add to it while working over the summer months or while apprenticing. Chances are you'll have one child that's great with money management and another that isn't. I would give them their own pool so if they blow through it that's tough. That's my 2 cents worth.