The holidays are a special time of year when many of us spend time with our families, sharing in the joy of the season. At RBC Wealth Management, we understand the importance of family when providing wealth advice.
In this issue, we discuss topics that are relevant to helping your family plan for the future. We look at the complexities of succession planning and wealth transfer among blended families and highlight smart financial management tips for young adults. Additionally, there is a feature article on philanthropy that examines the culture of charitable giving in Canada, and how to develop this value among the younger generations.
To address evolving expectations in this digital world, we are developing a variety of solutions to enhance and support your experience with RBC Wealth Management. In this issue, we introduce a new tool focused on identifying, planning and helping clients achieve their wealth management goals — myGPS™.
In preparation for end of the year, we include a selection of tax-planning articles providing considerations for individuals, trusts and small business owners. We also review how to prepare for the rising costs of healthcare and strategies to promote physical health, wellness and longevity.
This issue marks the fifth anniversary of Perspectives. Since 2011, we have provided information to help you and your family reach your wealth-planning objectives and we look forward to continuing to do so for many more years. For more information on any of these topics, please speak to your RBC advisor.

David Agnew, CEO
RBC Wealth Management Canada
This document has been prepared for use by the RBC Wealth Management member companies, RBC Dominion Securities Inc.*, RBC Phillips, Hager & North Investment Counsel Inc., RBC Global Asset Management Inc., Royal Trust Corporation of Canada and The Royal Trust Company (collectively, the “Companies”) and their affiliate, Royal Mutual Funds Inc. (RMFI). *Member – Canada Investor Protection Fund. Each of the Companies, RMFI and Royal Bank of Canada are separate corporate entities which are affiliates. “RBC advisor” refers to Private Bankers who are employees of Royal Bank of Canada and licensed representatives of RMFI, Investment Counsellors who are employees of RBC Phillips, Hager & North Investment Counsel Inc. and the private client division of RBC Global Asset Management Inc., Senior Trust Advisors and Trust Officers who are employees of The Royal Trust Company or Royal Trust Corporation of Canada, or Investment Advisors who are employees of RBC Dominion Securities Inc. In Quebec, financial planning services are provided by RMFI which is licensed as a financial services firm in that province. In the rest of Canada, financial planning services are available through RMFI, Royal Trust Corporation of Canada, The Royal Trust Company, or RBC Dominion Securities Inc. Estate and trust services are provided by Royal Trust Corporation of Canada and The Royal Trust Company. If specific products or services are not offered by one of the Companies, clients may request a referral to another RBC partner. The strategies, advice and technical content in this publication are provided for the general guidance and benefit of our clients, based on information believed to be accurate and complete, but neither the Companies, RMFI, nor Royal Bank of Canada, nor any of its affiliates nor any other person can guarantee accuracy or completeness. This publication is not intended as nor does it constitute tax or legal advice. Readers should consult a qualified legal, tax or other professional advisor when planning to implement a strategy. This will ensure that their individual circumstances have been considered properly and that action is taken on the latest available information. Interest rates, market conditions, tax rules, and other investment factors are subject to change. This information is not investment advice and should only be used in conjunction with a discussion with your RBC advisor. None of the Companies, RMFI, Royal Bank of Canada nor any of its affiliates nor any other person accepts any liability whatsoever for any direct or consequential loss arising from any use of this report or the information contained herein. In certain branch locations, one or more of the Companies may carry on business from premises shared with other Royal Bank of Canada affiliates. Notwithstanding this fact, each of the Companies is a separate business and personal information and confidential information relating to client accounts can only be disclosed to other RBC affiliates if required to service your needs, by law or with your consent. Under the RBC Code of Conduct, RBC Privacy Principles and RBC Conflict of Interest Policy confidential information may not be shared between RBC affiliates without a valid reason.
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