The mission of the College of Fellows, founded in 1941, is to strengthen and reinforce efforts of the Institute in its endeavour to enhance and develop the profession of architecture.

The College of Fellows formally recognizes members and distinguished laypersons who have made outstanding contributions to the profession. Fellowship in the RAIC is an honour conferred on members singled out for their contribution to research, scholarship, public service or professional standing to the good of architecture in Canada, or elsewhere. For more information about fellowship nomination, please refer to the guidelines and nomination form.

The Investiture of Fellows, or the induction ceremony, is normally held at a convocation of the College during the RAIC's festival or conference.

The College also oversees the Institute's Honours and Awards Program and the RAIC Foundation which was established in 1964 as a charitable organization to receive tax-exempt financial contributions from RAIC members and the public at large.