You (as the subscriber or owner of the RESP) may designate a child, grandchild, nephew, niece, or anyone else as the beneficiary of an individual Registered Education Savings Plan. There is no restriction on the relationship between the child and you.

Once the plan is in effect, you may also change the beneficiary to someone younger or older. The contributions simply continue until the plan terminates, in accordance with the age of the new beneficiary.