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Over a lifetime, you will experience certain milestones and life-changing events, both personally and professionally, that will impact your financial goals and plans for you and your family.

In this issue of Perspectives, we examine how different life stages may shape your wealth planning and how your goals may change over time. With the growing senior demographic in Canada and age-related health concerns, we also discuss in this issue the importance of planning ahead and the steps you and your family can take to be well-prepared and protected if disability or incapacity were to arise.

Time is an important aspect when working towards your financial goals, and with this in mind, the article “It’s about time” looks at the core financial literacy topics of saving and investing, and the value of starting early in building and growing your savings.

This issue also looks at the changing landscape of work—in Canada and globally—and the importance of preparing the next generation with the skills for jobs of the future. In “Is your family prepared for future post-secondary school?,” we also discuss the financial realities of higher education in Canada and the benefits that Registered Education Savings Plans can offer when it comes to effectively growing a child’s or grandchild’s future education dollars.

“The picture of giving in Canada” provides a snapshot of charitable giving among Canadians and how adopting a more structured approach to giving can create greater social impact and leave a meaningful legacy. Finally, for business owners, this issue includes an engaging case study that explores retirement planning options.

As always, I encourage you to speak with your RBC Wealth Management advisor to learn more about how RBC’s wealth management strategies can benefit you and your family throughout your life.


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 licenced 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 licenced 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.

® / TM Trademark(s) of Royal Bank of Canada. RBC Wealth Management is a registered trademark of Royal Bank of Canada. Used under licence. © 2018 Royal Bank of Canada. All rights reserved. Printed in Canada


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