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| UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| FORM 10-K                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| For the fiscal year endedOctober 31, 2012                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | or |
| o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |   |
| For the transition period from                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | to |
| 333-181552(Commission file number of Issuing Entity)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| RBC Covered Bond Guarantor Limited Partnership                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| (Exact name of registrant as specified in its charter)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| Royal Bank of Canada                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| (Exact name of Sponsor and Depositor as specified in its charter)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 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) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |
| (416) 974-4393(Registrant's telephone number, including area code)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| Securities registered pursuant to Section 12(b) of the Act:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |
| Title of each class                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | Name of each exchange on which registered |
| None                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | None |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| Securities registered pursuant to section 12(g) of the Act:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| Covered Bonds                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| (Title of class)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.      Yes o             No x Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.  Yes o             No x Note – Checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or 15(d) of the Exchange Act from their obligations under those Sections. |

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| Large accelerated filer o                         | Accelerated filer o         |
|-----------------------------------------------------------------------|-----------------------------|
|                                                                  |                        |
| Non-accelerated filer (Do not check if a smaller reporting company) x | Smaller reporting company o |

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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, 2013  | By:  | ROYAL BANK OF CANADA                                                                    |   |
|   |                   |      | (Depositor)                                                                             |   |
|   |                   |      |                                                                                    |   |
|   |                   |      |                                                                                    |   |
|   |                   |      |                                                                                    |   |
|   |                   |      | /s/ James Salem                                                                         |   |
|   |                   |      | (Signature)James SalemExecutive Vice-President and Treasurer                            |   |
|   |                   |      |                                                                                    |   |
|   |                   |      |                                                                                    |   |
|   |                   |      |                                                                                    |   |
|   |                   |      |                                                                                    |   |
|   |                   |      | /s/ David Power                                                                         |   |
|   |                   |      | (Signature)David PowerVice-President, Market Strategy and Execution, 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 Deloitte LLP, on behalf of Royal Bank of Canada. |
|         |   |
| Exhibit 35.1 |   | Annual Servicer Compliance Statement of the Servicer for the period ended October 31, 2012.                                                      |

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