Legal Disclaimers

RBC Financial Planning is a business name used by Royal Mutual Funds Inc. (RMFI). Financial planning advice is provided by RMFI. Investment advice is provided by RMFI and RBC Dominion Securities Inc.

RBC Direct Investing Inc. and Royal Bank of Canada are separate corporate entities which are affiliated. RBC Direct Investing Inc. is a wholly owned subsidiary of Royal Bank of Canada and is a member of the Investment Industry Regulatory Organization of Canada and the Canadian Investor Protection Fund. Royal Bank of Canada and certain of its issuers are related to RBC Direct Investing Inc.

RBC Direct Investing Inc. does not provide investment advice or recommendations regarding the purchase or sale of any securities. Investors are responsible for their own investment decisions. RBC Direct Investing is a business name used by RBC Direct Investing Inc.
Used under licence. © Royal Bank of Canada 2015. All rights reserved.

The strategies, advice and technical content in this web site are provided for the general guidance and benefit of our clients. This web site is not intended to provide specific financial, investment, tax, legal, accounting or other advice for you, and should not be relied upon in that regard. Readers should consult their own professional advisor when planning to implement a strategy, to ensure that individual circumstances have been considered properly and that it is based on the latest available information. RBC Funds are offered by RBC GAM and sold by RMFI, RBC Direct Investing Inc. and RBC Dominion Securities Inc. and guaranteed investment certificates are offered through Royal Bank of Canada and may be held in RMFI investment accounts where RMFI holds the asset in its name, as nominee. Please consult your advisor and read the prospectus or Fund Facts document before investing. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Mutual fund securities are not guaranteed or covered by the Canada Deposit Insurance Corporation or by another government deposit insurer. For funds other than money market funds, unit values change frequently. For money market funds, there can be no assurances that a fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in a fund will be returned to you.

* Based on market capitalization.

2014 Retail Banker International and Global Finance

1) Available only to newcomers to Canada who have arrived in Canada within the last year and who show proof of permanent resident status. Also available to newcomers to Canada who arrived between 1 and 3 years ago when they switch their account from another financial institution using CustomSwitch®. Other conditions apply. See branch for details. This offer may be withdrawn at any time and is subject to change without notice.

2) An RBC Royal Bank® credit card with no credit history required is available to permanent residents who have arrived in Canada within the last 12 months, provided you meet all of the eligibility and credit criteria of Royal Bank of Canada. You may be eligible for a secure or unsecured RBC Royal Bank credit card even if you have no Canadian credit history. If you don't qualify for an unsecured RBC Royal Bank credit card, you may still be eligible for a credit card provided you give us a security deposit and meet Royal Bank of Canada's eligibility criteria. For secured cards a credit history may be required.

3) No annual fee is available on the following RBC Royal Bank credit cards: RBC® Cash Back Mastercard, RBC Rewards® Visa Gold, RBC Visa Platinum, RBC Esso Visa, RBC Shoppers Optimum Mastercard

4) You may be eligible for an RBC Royal Bank personal automotive car loan even if you have no Canadian credit history. Available to permanent residents and foreign workers who have been in Canada less than 3 years. Minimum of 25% down payment is required. Maximum financing term is 60 months with a maximum loan amount of $75,000. No credit history required on vehicles less than 4 years old, provided you meet all of the eligibility and credit criteria of Royal Bank of Canada.

5) You may be eligible for an RBC Royal Bank residential mortgage or mortgage within an RBC Homeline Plan®, even if you have no Canadian credit history, provided you meet all of the eligibility and credit criteria of Royal Bank of Canada. Available to permanent residents and foreign workers who have been in Canada less than 5 years. To take advantage of these offers you must show proof of entry into Canada and provide supporting documents such as a passport and landing papers, or permanent resident card.

6) Offer only available to First-Time Home buyers. Definition of a First-Time Home Buyer: Someone who declares that they have not owned a home prior to the mortgage application date and is not using the proceeds of the sale of a home for their down payment. In the case of a couple where only one person is a First-Time Home Buyer; both parties will be considered First-Time Home Buyers for the purpose of this offer. Offer available to First-Time Home Buyers on a 4, 5 or 7-year fixed interest rate closed residential mortgage or 5-year variable rate closed residential mortgage or on one RBC Homeline Plan® mortgage segment. Some conditions on interest rate may apply. To qualify, you must have or open a mortgage payment account with RBC Royal Bank. The $500 will be deposited to this account. If the mortgage is not funded within the 120-day period, the interest rate guarantee expires. The mortgage or mortgage segment must be for a minimum principal amount of $100,000. This offer is available for new builder single advance mortgages that close within 120 days from commitment start date. All other construction draw/builder mortgages (including purchase plus improvements), amendments to an existing mortgage, port/assumption transactions, an advance of additional funds or a renewal are excluded. Offer may be withdrawn or amended without notice at any time. The offer cannot be combined or used in conjunction with any other special offers, with the exception of RBC Royal Bank rate specials. Other terms and conditions may apply.

7) Monthly fee will be waived for the first six months upon account opening. Monthly fee is $14.95. Other account transaction fees may apply. Applies to RBC Signature No Limit Banking® account only. Available only to newcomers; please see the eligibility requirements in note #1.

8) Debit transaction means a withdrawal of funds from an account and includes an assisted transaction and an electronic self-serve transaction.

9) Personal clients, enjoy a preferred foreign exchange rate on all transactions made for the first 12 consecutive months with the use of your RBC Signature No Limit Banking account or RBC VIP Banking® account. Available only to newcomers, please see the eligibility requirements in note #1. For Business clients, enjoy a preferred foreign exchange rate on all transactions made during the first 12 consecutive months with the use of any RBC® Business Banking account. Available only to newcomer business clients who have arrived in Canada within the last 5 years. Regular foreign exchange rates apply on all other deposit accounts. The preferred rate only applies to foreign exchange transactions made at an RBC branch within Canada. See branch for details. This offer may be withdrawn at any time without notice; foreign exchange rates are subject to change without notice.

10) Enjoy preferred interest rates on the first term of non-redeemable, redeemable and one-year cashable GICs with a minimum term of one year and a balance of $1,000 or more. Regular interest rates apply upon renewal. This offer may be withdrawn at any time without notice; interest rates are subject to change without notice. Available only to newcomers, please see the eligibility requirements in note # 1.

11) One year's rental of a small safe deposit box with annual fees waived, where available. Safe deposit box fees are collected in January for each calendar year. If you open, switch or are converted to an account that is eligible for a safe deposit box discount at any time after the safe deposit box fees have been collected that year, the discount on those safe deposit box fees will not be pro-rated and applied to the fees of the partial year. The discount will start in the following year and be applied to the safe deposit box fees billed in January of the following year. Only available with the RBC Signature No Limit Banking account or RBC VIP Banking account. Available only to newcomers, please see the eligibility requirements in note #1.

12) International Money Transfer is available for a $13.50 per transaction fee. Excess debit transaction fee may also apply depending on the account. Additional service fees by any intermediary and receiving bank may apply. Maximum of $2,500 Canadian dollars or Canadian dollar equivalent per client per 24-hour period allowed. International Remittance service is not available to recipients in Canada, the United States, Puerto Rico and in restricted countries. You cannot send an International Money Transfer from a U.S. dollar account or the RBC High Interest eSavings® account and funds may not be sent to Canada and restricted countries.

13) $50 credit available when opening any RBC Royal Bank Business Banking account (except the RBC Royal Bank Small Business eAccount).

14) RBC Online Banking and Telephone Banking are provided by Royal Bank of Canada. RBC Mobile is operated by Royal Bank of Canada, RBC Direct Investing Inc. and RBC Dominion Securities Inc.

15) Each account cash withdrawal at an ATM outside Canada displaying the PLUS System symbol and any fees that may be imposed by any third party for using the ATM are converted to Canadian dollars at an exchange rate that is 2.5% above the benchmark rate set by the payment card company when the transaction is posted. Exchange rates fluctuate and, as such, the rate applied will usually differ from the posted exchange rate at the time of the transaction.

16) RBC will refund the Interac network access fee for RBC Signature No Limit Banking account holders up to a maximum of 3 refunds per Monthly Cycle, if used. RBC will refund the Interac network access fee for RBC VIP Banking account holders, if used. ATM operator surcharge (also called convenience fee) charged by other ATM operators may apply. The convenience fee is not a Royal Bank fee. It is added directly to the amount of your cash withdrawal. All clients who use non-RBC ATMs may be charged a convenience fee regardless of the type of account they hold.

17) Totals are not cumulative, and if not used, they cannot be carried over into the next Monthly Cycle or calendar year, as applicable. Excess debit transaction fee may also apply depending on the account.

18) Additional Interac e-Transfers are $1.00 each.

19) The interest rate is an annual interest rate and a simple interest calculation. Interest is calculated daily on the closing credit balance. Deposit interest is paid monthly into the account on the second business day of the following calendar month, backdated to the previous business day.

20) Free online transfers including ATM and unassisted telephone fund transfers from this account to other RBC Royal Bank accounts in your name.

21) No credit history required for a credit card, home mortgage or car loan. For an RBC Royal Bank credit card, newcomer must have arrived in Canada within the last 12 months. For an RBC Royal Bank car loan, newcomer must have arrived in Canada within the last 3 years. For an RBC Royal Bank residential mortgage or mortgage within an RBC Homeline Plan, newcomer must have arrived in Canada within the last 5 years. Must show proof of entry into Canada and provide supporting documents such as a passport and landing papers or permanent resident card. Some conditions apply.

22) You will earn i) $2.00 back for every $100.00 (2% Cash Back Credit) in Grocery Store Purchases you make up to a maximum of $6 000 per Annual Period, ii) $1.00 back for every $100.00 (1% Cash Back Credit) in Grocery Store Purchases you make in excess of $6,000 during an Annual Period, unlimited, iii) $0.50 back for every $100.00 (0.5% Cash Back Credit) in Net Purchases you make (including pre-authorized bill payments), other than Grocery Store Purchases, up to a maximum of $6 000 per Annual Period, and iv) $1.00 back for every $100.00 (1% Cash Back Credit) in Net Purchases you make (including pre-authorized bill payments), other than Grocery Store Purchases, in excess of $6,000 during an Annual Period, unlimited. Grocery Store Purchases are purchases made at merchants classified by Mastercard's "Merchant Category Code" as "grocery stores and supermarkets" (MCC 5411). Royal Bank of Canada ("Royal Bank") cannot guarantee that any merchant, operating in whole or in part as a grocery store, is classified by MCC 5411 and in no event will Royal Bank be liable or responsible for any claims with respect to a grocery store purchase made at a merchant that is not classified by MCC 5411. To consult the list of participating merchants, please visit: www.rbc.com/nofeecashback (opens new window). For complete details, please refer to the RBC Cash Back Program Terms and Conditions at: www.rbc.com/nofeecashback (opens new window).

23) RBC Rewards® points are earned on Net Purchases only; they are not earned on Cash Advances (including RBC Royal Bank credit card cheques, balance transfers, Cash-Like transactions and bill payments that are not pre-authorized charges that you set up with a merchant), interest charges or fees, and credits for returns and adjustments will reduce or cancel the points earned by the amount originally charged.

24) Available for Conventional Newcomer Equity and Standard Programs. Default insured programs are limited to 25 years.

25) This is provided for informational purposes only and is not intended as legal or other professional advice.

26) The interest rate(s) is subject to change at any time without notice.

27) Two Royal Credit Line cheques may be written during each monthly cycle without charge. A $2.00 Royal Credit Line Cheque Fee applies to each cheque thereafter.

28) LoanProtector® is a creditor's group insurance program underwritten by The Canada Life Assurance Company and is subject to terms, conditions, exclusions and eligibility restrictions.

29) Income earned in a TFSA is tax-free in Canada. There are penalties if excess contributions are made. If a Canadian resident is taxable on their world income in another country (e.g. based on citizenship), the TFSA income may not be tax-free in that country. U.S. taxpayers who hold TFSAs need to comply with U.S. tax requirements such as the annual filing on a timely basis of IRS Forms 3520 and 3520-A.

30) Depends on what you are invested in.

31) The Canada Education Savings Grant will add 20% of the first $2,500 contributed annually for each eligible child/beneficiary, up to a lifetime maximum grant of $7,200.

32) Income earned in an RESP is tax-deferred in Canada. There are penalties if excess contributions are made. If a Canadian resident is taxable on their world income in another country (e.g. based on citizenship), the RESP income may not be tax-free in that country. U.S. taxpayers who contribute to RESPs need to comply with U.S. tax requirements such as the annual filing on a timely basis of IRS Forms 3520 and 3520-A.

33) All RBC Direct Investing clients pay $9.95 flat CDN or US per equity trade with no minimum account balance or trading activity required. $6.95 flat CDN or US per equity trade when you trade 150 times or more per quarter. This pricing only applies to trades placed through an available Automated Service, including the online investing site and mobile application. Additional terms and conditions apply. Visit www.rbcdirectinvesting.com/lowtrades (opens new window) or call 1-800-769-2560 for complete details.

34) Specific terms and conditions apply for membership in the RBC Direct Investing Community. For details please sign in to the RBC Direct Investing online investing site, click the link to the Legal Terms of Use and read the RBC Direct Investing Community – Terms of Service.

35) $10.95 per month charged per Monthly Cycle, which is the monthly period assigned to your account based on the last two letters of your last name.

36) When you use Virtual Visa Debit to make a payment: i) the merchant performs an authorization on your account at the time of the purchase and the charge is immediately debited from that account. In some cases, merchants may need to adjust the authorization amount. Should this occur, a credit adjustment in the amount of the original authorization will be credited to your account, followed immediately by a debit adjustment that reflects the final transaction amount. ii) the funds will be debited from your account. This is the account you access with your Client Card when you select the "Chequing" option on a merchant payment terminal or at an ATM. For full details on Virtual Visa Debit please visit http://www.rbcroyalbank.com/products/deposits/virtual-visa-debit.html (opens new window).

37) Payments made using your Virtual Visa Debit Number do not count against the monthly transaction limits applicable to your account. Service fees applicable to transactions made using your RBC Virtual Visa Debit Number are set out in your Client Agreement – Personal Deposit Account or other applicable Account Agreement.

38) To learn more about how we protect you, please visit www.rbc.com/privacysecurity/ca/how-we-protect-you.html (opens new window).

39) Additional fees and charges will apply for services and transactions exceeding $6 per month. Certain limitations apply.

40) Channel savings only apply to standard account fees for credits and debits, and reflect choosing to transact electronically versus in-branch or paper-based.

41) To receive the 15,000 bonus RBC Rewards points, your application form must be received by December 31, 2015 and approved by us. Upon enrolment, 15,000 bonus RBC Rewards points will appear on your first credit card statement. Bonus points offer is only offered to the first Primary Business Cardholder on the account; Secondary Business Cardholder, as well as existing Visa Business Platinum cardholders as of the offer eligibility period are not eligible for this offer. This offer may not be combined or used in conjunction with any other offer.

42) You will earn i) $1.00 back for every $100.00 (1% Cash Back Credit) in Net Purchases you make (including pre-authorized bill payments) and, ii) for the first 3 full monthly statement periods (approximately 3 months from the date your Account is opened), you will earn an additional $1.00 back for every $100.00 (1% Cash Back Credit, for a total of 2%) in Net Purchases you make (including pre-authorized bill payments), up to a maximum Cash Back Credit of $500.00 per Annual Period, when you use your RBC Business Cash Back Mastercard to pay. Provided your New Cash Back Balance is $25.00 or greater, Cash Back Credits earned during the year will i) automatically be credited to your January Account balance and appear on your February Account Statement, ii) and/or be credited to your account at any other time, upon request. Cash Back Credits are not earned on cash advances (including RBC Royal Bank credit card cheques, balance transfers, cash-like transactions and certain bill payments that are not pre-authorized charges that you set up with a merchant), interest charges or fees, and credits for returns and adjustments will reduce or cancel the cash back credits earned by the amounts originally charged. The additional 1% Cash Back Credit welcome bonus is only applicable to Accounts opened before December 31, 2015; all Accounts opened after that date will earn 1% Cash Back Credit on all purchases. For complete details, please refer to the RBC Cash Back Program Terms and Conditions at: www.rbcroyalbank.com/cards/documentation (opens new window)

43) Up to your available credit in Canadian funds. Subject to daily limits.

44) Fees will be waived until the account is activated upon arrival in Canada. This account will then automatically convert to the RBC Day to Day Banking account unless otherwise directed.

45) Monthly fee will be waived for the first 3 months upon account opening. Monthly fee is $30. Other account transaction fees may apply. Applies to RBC VIP Banking account only. Available only to newcomers to Canada who have arrived in Canada within the last year and who show proof of permanent resident status. Also available to newcomers to Canada who have arrived between 1 – 3 years when clients switch their account from another financial institution using CustomSwitch®. Other conditions apply. See branch for details. This offer may be withdrawn at any time and is subject to change without notice.

46) Beijing Student Partner Program GIC Refund legal needed

All residential mortgages and personal lending products are provided by Royal Bank of Canada are subject to its standard lending criteria.

® / Trademark(s) of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada.

All other trademarks are the property of their respective owner(s).