<?xml version="1.0" encoding="UTF-8" standalone="yes"?>
<!--
  This file is part of the Dutch Taxonomy (Nederlandse Taxonomie; NT)
  Intellectual Property of the State of the Netherlands
  Architecture: NT20
  Version: 20251210.b
  Release date: August 22, 2025
-->
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  <link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
    <link:label id="rj-cp-i_PurchaseInvestmentProperties_label_fr" xlink:label="rj-cp-i_PurchaseInvestmentProperties_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Acquisition des immeubles de placement</link:label>
    <link:label id="rj-cp-i_InvestmentPropertiesAssetsAcquired_label_fr" xlink:label="rj-cp-i_InvestmentPropertiesAssetsAcquired_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Actifs acquis par acquisition</link:label>
    <link:label id="rj-cp-i_IncreaseDecreaseInOtherPayables_label_fr" xlink:label="rj-cp-i_IncreaseDecreaseInOtherPayables_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Augmentation (diminution) des autres dettes</link:label>
    <link:label id="rj-cp-i_IncreaseDecreasePayablesCreditInstitutions_label_fr" xlink:label="rj-cp-i_IncreaseDecreasePayablesCreditInstitutions_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Augmentation (diminution) des dettes envers les banques</link:label>
    <link:label id="rj-cp-i_InvestmentsAcquisitionsOther_label_fr" xlink:label="rj-cp-i_InvestmentsAcquisitionsOther_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Autres achats de placements</link:label>
    <link:label id="rj-cp-i_AdjustmentsReconcileOperatingResultOther_label_fr" xlink:label="rj-cp-i_AdjustmentsReconcileOperatingResultOther_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Autres adaptations au résultat d'entreprise</link:label>
    <link:label id="rj-cp-i_NoncurrentOtherAdditions_label_fr" xlink:label="rj-cp-i_NoncurrentOtherAdditions_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Autres ajouts</link:label>
    <link:label id="rj-cp-i_LiabilitiesNoncurrentOtherMutations_label_fr" xlink:label="rj-cp-i_LiabilitiesNoncurrentOtherMutations_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Autres changements</link:label>
    <link:label id="rj-cp-i_ManagementExpensesOther_label_fr" xlink:label="rj-cp-i_ManagementExpensesOther_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Autres coûts de gestion</link:label>
    <link:label id="rj-cp-i_InvestmentsPriceDifferencesOther_label_fr" xlink:label="rj-cp-i_InvestmentsPriceDifferencesOther_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Autres différences de taux de change des placements</link:label>
    <link:label id="rj-cp-i_CashFlowsInvestingActivitiesOther_label_fr" xlink:label="rj-cp-i_CashFlowsInvestingActivitiesOther_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Autres flux de trésorerie (des activités d'investissement)</link:label>
    <link:label id="rj-cp-i_CashFlowsOperatingActivitiesOther_label_fr" xlink:label="rj-cp-i_CashFlowsOperatingActivitiesOther_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Autres flux de trésorerie (des activités opérationnelles)</link:label>
    <link:label id="rj-cp-i_CashFlowsFinancingActivitiesOther_label_fr" xlink:label="rj-cp-i_CashFlowsFinancingActivitiesOther_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Autres flux de trésorerie des activités de Financement</link:label>
    <link:label id="rj-cp-i_CashFlowsInvestmentActivitiesOther_label_fr" xlink:label="rj-cp-i_CashFlowsInvestmentActivitiesOther_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Autres flux de trésorerie des activités de placement</link:label>
    <link:label id="rj-cp-i_InvestmentsMovementOtherMarketValue_label_fr" xlink:label="rj-cp-i_InvestmentsMovementOtherMarketValue_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Autres mouvements des placements</link:label>
    <link:label id="rj-cp-i_OtherIncomeExpensesAfterTax_label_fr" xlink:label="rj-cp-i_OtherIncomeExpensesAfterTax_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Autres produits et charges financiers après impôts</link:label>
    <link:label id="rj-cp-i_NoncurrentOtherRepayments_label_fr" xlink:label="rj-cp-i_NoncurrentOtherRepayments_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Autres remboursements/réductions</link:label>
    <link:label id="rj-cp-i_InvestmentsRevaluationsOther_label_fr" xlink:label="rj-cp-i_InvestmentsRevaluationsOther_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Autres réévaluations des placements</link:label>
    <link:label id="rj-cp-i_InvestmentsSalesOther_label_fr" xlink:label="rj-cp-i_InvestmentsSalesOther_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Autres ventes de placements</link:label>
    <link:label id="rj-cp-i_InvestmentPropertiesTransfersOwnExploitation_label_fr" xlink:label="rj-cp-i_InvestmentPropertiesTransfersOwnExploitation_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Cessions de biens immobiliers en développement destinés à l'exploitation propre</link:label>
    <link:label id="rj-cp-i_InvestmentPropertiesTransfersInput_label_fr" xlink:label="rj-cp-i_InvestmentPropertiesTransfersInput_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Cessions de biens immobiliers en exploitation (apport)</link:label>
    <link:label id="rj-cp-i_InvestmentPropertiesValueChange_label_fr" xlink:label="rj-cp-i_InvestmentPropertiesValueChange_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Changements de valeur</link:label>
    <link:label id="rj-cp-i_ContractCostsRecordedAsLiability_label_fr" xlink:label="rj-cp-i_ContractCostsRecordedAsLiability_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Coût capitalisé de l'obtention d'un projet</link:label>
    <link:label id="rj-cp-i_ContractCosts_label_fr" xlink:label="rj-cp-i_ContractCosts_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Coût capitalisé de l'obtention d'un projet</link:label>
    <link:label id="rj-cp-i_LegalEntityDateLastFinancialStatements_label_fr" xlink:label="rj-cp-i_LegalEntityDateLastFinancialStatements_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Date des derniers états financiers disponibles de l'entité juridique</link:label>
    <link:label id="rj-cp-i_LiabilitiesNoncurrentRepaymentObligation_label_fr" xlink:label="rj-cp-i_LiabilitiesNoncurrentRepaymentObligation_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">De : obligation de remboursement l'année prochaine</link:label>
    <link:label id="rj-cp-i_PillarTwoDeferredTaxAssetsLiabilitiesDescription_label_fr" xlink:label="rj-cp-i_PillarTwoDeferredTaxAssetsLiabilitiesDescription_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Description de l'utilisation de l'exception obligatoire au paragraphe 102a pour la comptabilisation des actifs et passifs d'impôts différés liés aux impôts sur le résultat du deuxième pilier</link:label>
    <link:label id="rj-cp-i_PillarTwoTaxExpenseBenefitDescription_label_fr" xlink:label="rj-cp-i_PillarTwoTaxExpenseBenefitDescription_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Description de la charge (ou de l'avantage) d'impôt du 2e pilier, y compris toute taxe répercutée du 2e pilier, incluse dans la charge ou l'avantage d'impôt</link:label>
    <link:label id="rj-cp-i_PillarTwoExpectedEffectsDescription_label_fr" xlink:label="rj-cp-i_PillarTwoExpectedEffectsDescription_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Description des effets attendus de la législation du Pilier 2, dans les périodes au cours desquelles la législation du Pilier 2 a été adoptée ou a déjà été matériellement décidée à la date de clôture, mais au cours desquelles la législation du Pilier 2 n'est pas encore en vigueur. En fonction de la situation spécifique, un aperçu est fourni sur l'état de la mise en œuvre et, dans la mesure du possible, sur les effets quantitatifs et/ou qualitatifs.</link:label>
    <link:label id="rj-cp-i_IntangibleAssetsLimitedOwnershipDescription_label_fr" xlink:label="rj-cp-i_IntangibleAssetsLimitedOwnershipDescription_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Description des immobilisations incorporelles avec droit de propriété limité</link:label>
    <link:label id="rj-cp-i_IntangibleAssetsPutUpAsCollateralForDebtsDescription_label_fr" xlink:label="rj-cp-i_IntangibleAssetsPutUpAsCollateralForDebtsDescription_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Description des immobilisations incorporelles établies par sécurité</link:label>
    <link:label id="rj-cp-i_PillarTwoMethodDescription_label_fr" xlink:label="rj-cp-i_PillarTwoMethodDescription_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Description du mode de répercussion de l'impôt sur les bénéfices du deuxième pilier</link:label>
    <link:label id="rj-cp-i_IncreaseDecreaseInConstructionContracts_label_fr" xlink:label="rj-cp-i_IncreaseDecreaseInConstructionContracts_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Diminution (augmentation) des projets en cours</link:label>
    <link:label id="rj-cp-i_IncreaseDecreaseInSecurities_label_fr" xlink:label="rj-cp-i_IncreaseDecreaseInSecurities_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Diminution (augmentation) des valeurs mobilières</link:label>
    <link:label id="rj-cp-i_DividendsPaidOtherClassifiedAsFinancingActivities_label_fr" xlink:label="rj-cp-i_DividendsPaidOtherClassifiedAsFinancingActivities_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Dividendes payés autres (pour des activités financières)</link:label>
    <link:label id="rj-cp-i_DividendsPaidOtherClassifiedAsOperatingActivities_label_fr" xlink:label="rj-cp-i_DividendsPaidOtherClassifiedAsOperatingActivities_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Dividendes payés autres (pour des activités opérationnelles)</link:label>
    <link:label id="rj-cp-i_FinancialAssetsEndowment_label_fr" xlink:label="rj-cp-i_FinancialAssetsEndowment_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Donation</link:label>
    <link:label id="rj-cp-i_SubtotalLiabilitiesNoncurrent_label_fr" xlink:label="rj-cp-i_SubtotalLiabilitiesNoncurrent_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Décompte intermédiaire des dettes à long terme</link:label>
    <link:label id="rj-cp-i_InvestmentPropertiesDecommissioning_label_fr" xlink:label="rj-cp-i_InvestmentPropertiesDecommissioning_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Démantèlement et élimination</link:label>
    <link:label id="rj-cp-i_FinancialAssetsReceiptsDeposits_label_fr" xlink:label="rj-cp-i_FinancialAssetsReceiptsDeposits_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Dépôts / reçus</link:label>
    <link:label id="rj-cp-i_LiabilitiesNoncurrentReceiptsDeposits_label_fr" xlink:label="rj-cp-i_LiabilitiesNoncurrentReceiptsDeposits_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Dépôts / reçus</link:label>
    <link:label id="rj-cp-i_NoncurrentRefundedDeposits_label_fr" xlink:label="rj-cp-i_NoncurrentRefundedDeposits_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Dépôts de garantie remboursés</link:label>
    <link:label id="rj-cp-i_NoncurrentReceivedDeposits_label_fr" xlink:label="rj-cp-i_NoncurrentReceivedDeposits_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Dépôts de garantie reçus</link:label>
    <link:label id="rj-cp-i_InvestmentPropertiesInExploitation_label_fr" xlink:label="rj-cp-i_InvestmentPropertiesInExploitation_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Immeubles de placement en exploitation</link:label>
    <link:label id="rj-cp-i_IncomeTaxExpenseReconciliationToCorporateTaxReturnDisclosure_label_fr" xlink:label="rj-cp-i_IncomeTaxExpenseReconciliationToCorporateTaxReturnDisclosure_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Informations à fournir sur le lien des charges avec la déclaration de l'impôt des sociétés</link:label>
    <link:label id="rj-cp-i_NoncurrentInterestCredit_label_fr" xlink:label="rj-cp-i_NoncurrentInterestCredit_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Intérêts créditeurs</link:label>
    <link:label id="rj-cp-i_NoncurrentRepurchaseObligation_label_fr" xlink:label="rj-cp-i_NoncurrentRepurchaseObligation_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Les obligations de rachat naissent lors de nouveaux transferts</link:label>
    <link:label id="rj-cp-i_LiabilitiesNoncurrentReleaseSharePremium_label_fr" xlink:label="rj-cp-i_LiabilitiesNoncurrentReleaseSharePremium_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Libération des prêts à prime</link:label>
    <link:label id="rj-cp-i_EquityTreasurySharesPurchase_label_fr" xlink:label="rj-cp-i_EquityTreasurySharesPurchase_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Mouvement dans les capitaux propres en raison de l'achat d'actions propres</link:label>
    <link:label id="rj-cp-i_EquityContributionsShareholders_label_fr" xlink:label="rj-cp-i_EquityContributionsShareholders_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Mouvement dans les capitaux propres en raison des contributions des actionnaires</link:label>
    <link:label id="rj-cp-i_EquityLossReduction_label_fr" xlink:label="rj-cp-i_EquityLossReduction_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Mouvement de capitaux en raison d'une réduction de pertes</link:label>
    <link:label id="rj-cp-i_EquityShareBasedArrangementsGranted_label_fr" xlink:label="rj-cp-i_EquityShareBasedArrangementsGranted_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Mouvement de capitaux propres en raison d'actions accordées à cause d'accords fondés sur les actions</link:label>
    <link:label id="rj-cp-i_EquityShareBasedArrangementsExercised_label_fr" xlink:label="rj-cp-i_EquityShareBasedArrangementsExercised_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Mouvement de capitaux propres en raison d'actions levées à cause d'accords fondés sur les actions</link:label>
    <link:label id="rj-cp-i_EquityMovementOther_label_fr" xlink:label="rj-cp-i_EquityMovementOther_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Mouvement de capitaux propres en raison d'autres mouvements</link:label>
    <link:label id="rj-cp-i_EquityDividendDistribution_label_fr" xlink:label="rj-cp-i_EquityDividendDistribution_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Mouvement de capitaux propres en raison de la distribution de dividende</link:label>
    <link:label id="rj-cp-i_EquityTreasurySharesSale_label_fr" xlink:label="rj-cp-i_EquityTreasurySharesSale_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Mouvement de capitaux propres en raison de la vente d'actions propres</link:label>
    <link:label id="rj-cp-i_EquityTransfers_label_fr" xlink:label="rj-cp-i_EquityTransfers_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Mouvement de capitaux propres en raison de transferts</link:label>
    <link:label id="rj-cp-i_EquityShareIssue_label_fr" xlink:label="rj-cp-i_EquityShareIssue_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Mouvement de capitaux propres résultant de l'émission d'actions</link:label>
    <link:label id="rj-cp-i_EquityRevaluations_label_fr" xlink:label="rj-cp-i_EquityRevaluations_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Mouvement de capitaux propres résultant de réévaluations</link:label>
    <link:label id="rj-cp-i_EquitySharesWithdrawal_label_fr" xlink:label="rj-cp-i_EquitySharesWithdrawal_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Mouvement de capitaux propres résultant du retrait d'actions</link:label>
    <link:label id="rj-cp-i_EquityResultAllocation_label_fr" xlink:label="rj-cp-i_EquityResultAllocation_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Mouvement des capitaux propres résultant d'une attribution du résultat net</link:label>
    <link:label id="rj-cp-i_ProvisionBalanceInsuranceMovement_label_fr" xlink:label="rj-cp-i_ProvisionBalanceInsuranceMovement_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Mouvement des provisions</link:label>
    <link:label id="rj-cp-i_EquityDirectlyMaterialErrors_label_fr" xlink:label="rj-cp-i_EquityDirectlyMaterialErrors_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Mouvement direct de capitaux propres en raison d'erreurs d'une période précédente</link:label>
    <link:label id="rj-cp-i_EquityDirectlyBusinessAcquisitions_label_fr" xlink:label="rj-cp-i_EquityDirectlyBusinessAcquisitions_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Mouvement direct de capitaux propres résultant d'acquisitions d'entreprises</link:label>
    <link:label id="rj-cp-i_EquityDirectlyChangeAccountingPolicies_label_fr" xlink:label="rj-cp-i_EquityDirectlyChangeAccountingPolicies_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Mouvement direct de capitaux propres résultant d'un changement de politiques comptables</link:label>
    <link:label id="rj-cp-i_EquityDirectlyBusinessDivestitures_label_fr" xlink:label="rj-cp-i_EquityDirectlyBusinessDivestitures_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Mouvement direct de capitaux propres résultant de cessions d'entreprises</link:label>
    <link:label id="rj-cp-i_EquityDirectlyExchangeDifferences_label_fr" xlink:label="rj-cp-i_EquityDirectlyExchangeDifferences_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Mouvement direct de capitaux propres résultant de différences de change</link:label>
    <link:label id="rj-cp-i_EquityDirectlyImpairmentReversal_label_fr" xlink:label="rj-cp-i_EquityDirectlyImpairmentReversal_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Mouvement direct de capitaux propres résultant de la reprise de dépréciations</link:label>
    <link:label id="rj-cp-i_EquityDirectlyImpairment_label_fr" xlink:label="rj-cp-i_EquityDirectlyImpairment_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Mouvement direct de capitaux propres résultants de dépréciations</link:label>
    <link:label id="rj-cp-i_EquityDirectlyGoodwill_label_fr" xlink:label="rj-cp-i_EquityDirectlyGoodwill_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Mouvement direct de capitaux propres résultants de fonds de commerce</link:label>
    <link:label id="rj-cp-i_PaymentsSuppliers_label_fr" xlink:label="rj-cp-i_PaymentsSuppliers_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Paiement des fournisseurs</link:label>
    <link:label id="rj-cp-i_FinancialAssetsPaymentsRepayments_label_fr" xlink:label="rj-cp-i_FinancialAssetsPaymentsRepayments_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Paiements/rachats</link:label>
    <link:label id="rj-cp-i_LiabilitiesNoncurrentPayments_label_fr" xlink:label="rj-cp-i_LiabilitiesNoncurrentPayments_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Paiements</link:label>
    <link:label id="rj-cp-i_ShareInResults_label_fr" xlink:label="rj-cp-i_ShareInResults_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Participation au résultat</link:label>
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    <link:label id="rj-cp-i_SubordinatedLiabilitiesCurrent_label_fr" xlink:label="rj-cp-i_SubordinatedLiabilitiesCurrent_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Passif subordonné (courant)</link:label>
    <link:label id="rj-cp-i_SubordinatedLiabilitiesNoncurrent_label_fr" xlink:label="rj-cp-i_SubordinatedLiabilitiesNoncurrent_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Passif subordonné (non-courant)</link:label>
    <link:label id="rj-cp-i_ProvisionsMaturityExceedingOneYearWithinFiveYears_label_fr" xlink:label="rj-cp-i_ProvisionsMaturityExceedingOneYearWithinFiveYears_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Provisions attendues à plus d'un an et à moins de cinq ans</link:label>
    <link:label id="rj-cp-i_EquityDecreaseInValueReleaseRevaluation_label_fr" xlink:label="rj-cp-i_EquityDecreaseInValueReleaseRevaluation_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Publication des réévaluations</link:label>
    <link:label id="rj-cp-i_ProceedsSalesInvestmentProperties_label_fr" xlink:label="rj-cp-i_ProceedsSalesInvestmentProperties_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Recettes au titre d'aliénation des immeubles de placement</link:label>
    <link:label id="rj-cp-i_EquityRealisationRevaluation_label_fr" xlink:label="rj-cp-i_EquityRealisationRevaluation_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Réalisation de la réévaluation</link:label>
    <link:label id="rj-cp-i_NoncurrentDecreaseRepurchaseObligation_label_fr" xlink:label="rj-cp-i_NoncurrentDecreaseRepurchaseObligation_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Réductions dues aux rachats</link:label>
    <link:label id="rj-cp-i_EquityResultYear_label_fr" xlink:label="rj-cp-i_EquityResultYear_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Résultat de l'exercice</link:label>
    <link:label id="rj-cp-i_InvestmentPropertiesAdjustmentsFairValue_label_fr" xlink:label="rj-cp-i_InvestmentPropertiesAdjustmentsFairValue_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Résultat des ajustements de juste valeur</link:label>
    <link:label id="rj-cp-i_LiabilitiesNoncurrentTransferToLiabilitiesCurrent_label_fr" xlink:label="rj-cp-i_LiabilitiesNoncurrentTransferToLiabilitiesCurrent_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Transfert au passif courant</link:label>
    <link:label id="rj-cp-i_InvestmentPropertiesTransfersRealEstateInDevelopment_label_fr" xlink:label="rj-cp-i_InvestmentPropertiesTransfersRealEstateInDevelopment_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Transferts de biens immobiliers en cours de développement</link:label>
    <link:label id="rj-cp-i_InvestmentPropertiesTransfersNonDAEBToDAEB_label_fr" xlink:label="rj-cp-i_InvestmentPropertiesTransfersNonDAEBToDAEB_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Transferts de non-DAEB vers DAEB</link:label>
    <link:label id="rj-cp-i_InvestmentPropertiesTransfersDAEBToNonDAEB_label_fr" xlink:label="rj-cp-i_InvestmentPropertiesTransfersDAEBToNonDAEB_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Transferts du DAEB vers le non-DAEB</link:label>
    <link:label id="rj-cp-i_InvestmentPropertiesTransfersDelivery_label_fr" xlink:label="rj-cp-i_InvestmentPropertiesTransfersDelivery_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Transferts vers des biens immobiliers en exploitation (livraison)</link:label>
    <link:label id="rj-cp-i_InvestmentPropertiesTransfersSoldUnderCondition_label_fr" xlink:label="rj-cp-i_InvestmentPropertiesTransfersSoldUnderCondition_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Transferts vers et depuis des biens immobiliers vendus sous conditions</link:label>
    <link:label id="rj-cp-i_InvestmentPropertiesTransfersInventoryAndOwnUse_label_fr" xlink:label="rj-cp-i_InvestmentPropertiesTransfersInventoryAndOwnUse_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Transferts vers et depuis les stocks et les biens immobiliers pour usage propre</link:label>
    <link:label id="rj-cp-i_NoncurrentValueChangeRepurchaseObligation_label_fr" xlink:label="rj-cp-i_NoncurrentValueChangeRepurchaseObligation_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Variation de la valeur de l'obligation de rachat</link:label>
    <link:label id="rj-cp-i_LiabilitiesNoncurrentBalance_label_fr" xlink:label="rj-cp-i_LiabilitiesNoncurrentBalance_label_fr" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="fr">Équilibre</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_CashFlowsFinancingActivitiesOther_loc" xlink:to="rj-cp-i_CashFlowsFinancingActivitiesOther_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_CashFlowsInvestingActivitiesOther_loc" xlink:to="rj-cp-i_CashFlowsInvestingActivitiesOther_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_CashFlowsInvestmentActivitiesOther_loc" xlink:to="rj-cp-i_CashFlowsInvestmentActivitiesOther_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_CashFlowsOperatingActivitiesOther_loc" xlink:to="rj-cp-i_CashFlowsOperatingActivitiesOther_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_ContractCostsRecordedAsLiability_loc" xlink:to="rj-cp-i_ContractCostsRecordedAsLiability_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_ContractCosts_loc" xlink:to="rj-cp-i_ContractCosts_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_DividendsPaidOtherClassifiedAsFinancingActivities_loc" xlink:to="rj-cp-i_DividendsPaidOtherClassifiedAsFinancingActivities_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_DividendsPaidOtherClassifiedAsOperatingActivities_loc" xlink:to="rj-cp-i_DividendsPaidOtherClassifiedAsOperatingActivities_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_EquityContributionsShareholders_loc" xlink:to="rj-cp-i_EquityContributionsShareholders_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_EquityDecreaseInValueReleaseRevaluation_loc" xlink:to="rj-cp-i_EquityDecreaseInValueReleaseRevaluation_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_EquityDirectlyBusinessAcquisitions_loc" xlink:to="rj-cp-i_EquityDirectlyBusinessAcquisitions_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_EquityDirectlyBusinessDivestitures_loc" xlink:to="rj-cp-i_EquityDirectlyBusinessDivestitures_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_EquityDirectlyChangeAccountingPolicies_loc" xlink:to="rj-cp-i_EquityDirectlyChangeAccountingPolicies_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_EquityDirectlyExchangeDifferences_loc" xlink:to="rj-cp-i_EquityDirectlyExchangeDifferences_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_EquityDirectlyGoodwill_loc" xlink:to="rj-cp-i_EquityDirectlyGoodwill_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_EquityDirectlyImpairmentReversal_loc" xlink:to="rj-cp-i_EquityDirectlyImpairmentReversal_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_EquityDirectlyImpairment_loc" xlink:to="rj-cp-i_EquityDirectlyImpairment_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_EquityDirectlyMaterialErrors_loc" xlink:to="rj-cp-i_EquityDirectlyMaterialErrors_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_EquityDividendDistribution_loc" xlink:to="rj-cp-i_EquityDividendDistribution_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_EquityLossReduction_loc" xlink:to="rj-cp-i_EquityLossReduction_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_EquityMovementOther_loc" xlink:to="rj-cp-i_EquityMovementOther_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_EquityRealisationRevaluation_loc" xlink:to="rj-cp-i_EquityRealisationRevaluation_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_EquityResultAllocation_loc" xlink:to="rj-cp-i_EquityResultAllocation_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_EquityResultYear_loc" xlink:to="rj-cp-i_EquityResultYear_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_EquityRevaluations_loc" xlink:to="rj-cp-i_EquityRevaluations_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_EquityShareBasedArrangementsExercised_loc" xlink:to="rj-cp-i_EquityShareBasedArrangementsExercised_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_EquityShareBasedArrangementsGranted_loc" xlink:to="rj-cp-i_EquityShareBasedArrangementsGranted_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_EquityShareIssue_loc" xlink:to="rj-cp-i_EquityShareIssue_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_EquitySharesWithdrawal_loc" xlink:to="rj-cp-i_EquitySharesWithdrawal_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_EquityTransfers_loc" xlink:to="rj-cp-i_EquityTransfers_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_EquityTreasurySharesPurchase_loc" xlink:to="rj-cp-i_EquityTreasurySharesPurchase_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_EquityTreasurySharesSale_loc" xlink:to="rj-cp-i_EquityTreasurySharesSale_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_FinancialAssetsEndowment_loc" xlink:to="rj-cp-i_FinancialAssetsEndowment_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_FinancialAssetsPaymentsRepayments_loc" xlink:to="rj-cp-i_FinancialAssetsPaymentsRepayments_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_FinancialAssetsReceiptsDeposits_loc" xlink:to="rj-cp-i_FinancialAssetsReceiptsDeposits_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_IncomeTaxExpenseReconciliationToCorporateTaxReturnDisclosure_loc" xlink:to="rj-cp-i_IncomeTaxExpenseReconciliationToCorporateTaxReturnDisclosure_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_IncreaseDecreaseInConstructionContracts_loc" xlink:to="rj-cp-i_IncreaseDecreaseInConstructionContracts_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_IncreaseDecreaseInOtherPayables_loc" xlink:to="rj-cp-i_IncreaseDecreaseInOtherPayables_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_IncreaseDecreaseInSecurities_loc" xlink:to="rj-cp-i_IncreaseDecreaseInSecurities_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_IncreaseDecreasePayablesCreditInstitutions_loc" xlink:to="rj-cp-i_IncreaseDecreasePayablesCreditInstitutions_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_IntangibleAssetsLimitedOwnershipDescription_loc" xlink:to="rj-cp-i_IntangibleAssetsLimitedOwnershipDescription_label_fr" xlink:type="arc"/>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_InvestmentPropertiesAdjustmentsFairValue_loc" xlink:to="rj-cp-i_InvestmentPropertiesAdjustmentsFairValue_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_InvestmentPropertiesAssetsAcquired_loc" xlink:to="rj-cp-i_InvestmentPropertiesAssetsAcquired_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_InvestmentPropertiesDecommissioning_loc" xlink:to="rj-cp-i_InvestmentPropertiesDecommissioning_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_InvestmentPropertiesInExploitation_loc" xlink:to="rj-cp-i_InvestmentPropertiesInExploitation_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_InvestmentPropertiesTransfersDAEBToNonDAEB_loc" xlink:to="rj-cp-i_InvestmentPropertiesTransfersDAEBToNonDAEB_label_fr" xlink:type="arc"/>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_InvestmentPropertiesTransfersInput_loc" xlink:to="rj-cp-i_InvestmentPropertiesTransfersInput_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_InvestmentPropertiesTransfersInventoryAndOwnUse_loc" xlink:to="rj-cp-i_InvestmentPropertiesTransfersInventoryAndOwnUse_label_fr" xlink:type="arc"/>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_LiabilitiesNoncurrentBalance_loc" xlink:to="rj-cp-i_LiabilitiesNoncurrentBalance_label_fr" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-cp-i_LiabilitiesNoncurrentOtherMutations_loc" xlink:to="rj-cp-i_LiabilitiesNoncurrentOtherMutations_label_fr" xlink:type="arc"/>
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