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| ☒ | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---------|--------------------------------------------------------------------------------------|

| ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---------|------------------------------------------------------------------------------------------|

| Ontario, Canada                                                           |   | 98-1056093                           |
|---------------------------------------------------------------------------|--------|--------------------------------------|
|                                                                      |   |                                 |
| (State or other jurisdiction of  incorporation or organization)      |   | (I.R.S. Employer Identification No.) |
|                                                                      |   |                                 |
| 155 Wellington Street, West, 14th Floor, Toronto, Ontario, Canada M5V 3K7 |   | M5V 3K7                              |
|                                                                      |   |                                 |
| (Address of principal executive offices)                                  |   | (Zip Code of Registrant)             |

| Title of each class | Name of each exchange on which registered |
|---------------------|-------------------------------------------|
| None                | None                                      |

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| Large accelerated filer ☐                                                  | Accelerated filer ☐         |
|----------------------------------------------------------------------------------|-----------------------------------|
|                                                                             |                              |
| Non-accelerated filer ☒ (Do not check if a smaller reporting company) | Smaller reporting company ☐ |
|                                                                             |                              |
|                                                                             | Emerging growth company ☐   |

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|   | (A) | Item 1 Business.                |
|--------|-----|---------------------------------|
|   | (B) | Item 1A Risk Factors.           |
|   | (C) | Item 2 Properties.              |
|   | (D) | Item 3 Legal Proceedings.       |
|   | (E) | Item 4 Mine Safety Disclosures. |
|   | (A) | Item 5 Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------|
|   | (B) | Item 6 Selected Financial Data.                                                                                            |
|   | (C) | Item 7 Management’s Discussion and Analysis of Financial Condition and Results of Operations.                        |
|   | (D) | Item 7A Quantitative and Qualitative Disclosures About Market Risk.                                                        |
|   | (E) | Item 8 Financial Statements and Supplementary Data.                                                                        |
|   | (F) | Item 9 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.                               |
|   | (G) | Item 9A Controls and Procedures.                                                                                           |
|   | (A) | Item 10 Directors, Executive Officers and Corporate Governance.                                         |
|--------|-----|---------------------------------------------------------------------------------------------------------|
|   | (B) | Item 11 Executive Compensation.                                                                         |
|   | (C) | Item 12 Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters. |
|   | (D) | Item 13 Certain Relationships and Related Transactions, and Director Independence.                      |
|   | (E) | Item 14 Principal Accountant Fees and Services.                                                         |
|   | (a)    | (1) Not applicable.                                                                               |
|--------|--------|---------------------------------------------------------------------------------------------------|
|   |   | (2) Not applicable.                                                                               |
|   |   | (3) The exhibits filed in response to Item 601 of Regulation S-K are listed in the Exhibit Index. |
|   | (b)    | The exhibits filed in response to Item 601 of Regulation S-K are listed in the Exhibit Index.     |
|   | (c)    | None.                                                                                             |

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|   |                   |            | RBC COVERED BOND GUARANTOR LP                            |
|--------|------------------------|-----------------|---------------------------------------------------------------|
|   |                   |            | (Issuing entity)                               |
| Date:  |  January 29, 2018 | By:   | ROYAL BANK OF CANADA                                     |
|   |                   |            | (Depositor)                                                   |
|   |                   |            |                                                          |
|   |                   |            |                                                          |
|   |                   |            |                                                          |
|   |                   |            | /s/ James Salem                                               |
|   |                   |            | (Signature)James Salem Executive Vice-President and Treasurer |
|   |                   |            |                                                          |
|   |                   |            |                                                          |
|   |                   |            |                                                          |
|   |                   |            |                                                          |
|   |                   |            |                                                          |
|   |                   |            | /s/ David Power                                               |
|   |                   |            | (Signature)David Power Vice-President, Corporate Treasury     |

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| Exhibit 31   |   | Certification of Senior Officer in Charge of Securitization of the Depositor Pursuant to Rule 15d-14(d).                                                       |
|--------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|
|         |   |
| Exhibit 33.1 |   | Report on Assessment of Compliance with Applicable Servicing Criteria for Covered Bonds by Royal Bank of Canada.                                               |
|         |   |
| Exhibit 34.1 |   | Attestation Report on Assessment of Compliance with the Servicing Criteria for Covered Bonds by PricewaterhouseCoopers LLP, on behalf of Royal Bank of Canada. |
|         |   |
| Exhibit 35.1 |   | Annual Servicer Compliance Statement of the Servicing Party for the period ended October 31, 2017.                                                             |

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