What is a Personal Savings Account?
What is a Personal Savings Account?
Personal accounts don’t have contribution limits or the same tax incentives that a TFSA or RRSP account does, however, you can write off potential capital losses against capital gains. They might be right for you if you have already maxed out your TFSA and RRSP contribution space.**
Personal accounts don’t have contribution limits or the same tax incentives that a TFSA or RRSP account does, however, you can write off potential capital losses against capital gains. They might be right for you if you have already maxed out your TFSA and RRSP contribution space.**
What Makes a Personal Savings Account Halal?
What Makes a Personal Savings Account Halal?
A Personal Savings account is just an account with some tax rules around it. It is how the money that is deposited into this account gets invested that will make it Halal or not. The focus here should not be the account type but the underlying investments. As long as that cash is being used to buy Shariah-compliant investments such as the OneVest Halal Portfolios, then your investment is Halal.**
A Personal Savings account is just an account with some tax rules around it. It is how the money that is deposited into this account gets invested that will make it Halal or not. The focus here should not be the account type but the underlying investments. As long as that cash is being used to buy Shariah-compliant investments such as the OneVest Halal Portfolios, then your investment is Halal.**
Halal Certified Personal Savings Accounts
Halal Certified Personal Savings Accounts
These Shariah compliance certificates issued by Manzil's Shariah Supervisory Board ensure that OneVest’s Halal Portfolios, products, and services comply with the Shariah standards as set out by AAOIFI.**
These Shariah compliance certificates issued by Manzil's Shariah Supervisory Board ensure that OneVest’s Halal Portfolios, products, and services comply with the Shariah standards as set out by AAOIFI.**
Investment fund and portfolio management services are provided by OneVest. All portfolio holdings and performance data are sourced from OneVest.
Benefits of a Halal Personal Investment Account
Benefits of a Halal Personal Investment Account
01
It’s Halal
The money put in a Personal Investment account gets invested into Halal Portfolios - meaning it’s growing through Halal means
02
Not a registered account
No penalties, withholding tax, or limits from the government as other registered accounts have.
03
Best used for
Dividends from Canadian Corporations and growth- oriented ETFs.
04
Flexible
These accounts can be as large or as small as you want.
So much more than Manzil Invest
Disclaimers:
* Manzil Invest is a strategic partner of OneVest Management Inc. (“OneVest”). OneVest offers wealth management products and services to Manzil customers. OneVest Management Inc. is registered as a Portfolio Manager in each of the provinces and territories of Canada, and as an Investment Fund Manager in the provinces of Alberta, Ontario Quebec, and Newfoundland and Labrador. Upon opening your account, OneVest will determine what investments are suitable for you.
** This website is to be used for information purposes only and is not intended to provide any financial, legal, accounting, or tax advice. No securities regulatory authority has assessed the merits of these securities or the information contained on this website.
*** Your capital is at risk with any type of investment. Past performance is not a guarantee of future results or success. Please read OneVest’s investment risk disclosure for more information.
So much more than Manzil Invest
Disclaimers:
* Manzil Invest is a strategic partner of OneVest Management Inc. (“OneVest”). OneVest offers wealth management products and services to Manzil customers. OneVest Management Inc. is registered as a Portfolio Manager in each of the provinces and territories of Canada, and as an Investment Fund Manager in the provinces of Alberta, Ontario Quebec, and Newfoundland and Labrador. Upon opening your account, OneVest will determine what investments are suitable for you.
** This website is to be used for information purposes only and is not intended to provide any financial, legal, accounting, or tax advice. No securities regulatory authority has assessed the merits of these securities or the information contained on this website.
*** Your capital is at risk with any type of investment. Past performance is not a guarantee of future results or success. Please read OneVest’s investment risk disclosure for more information.
So much more than Manzil Invest
Disclaimers:
* Manzil Invest is a strategic partner of OneVest Management Inc. (“OneVest”). OneVest offers wealth management products and services to Manzil customers. OneVest Management Inc. is registered as a Portfolio Manager in each of the provinces and territories of Canada, and as an Investment Fund Manager in the provinces of Alberta, Ontario Quebec, and Newfoundland and Labrador. Upon opening your account, OneVest will determine what investments are suitable for you.
** This website is to be used for information purposes only and is not intended to provide any financial, legal, accounting, or tax advice. No securities regulatory authority has assessed the merits of these securities or the information contained on this website.
*** Your capital is at risk with any type of investment. Past performance is not a guarantee of future results or success. Please read OneVest’s investment risk disclosure for more information.
Products
Manzil Mortgage Services Inc. holds the following licenses: Ontario # 13411, British Colombia # MB601417, Saskatchewan # 512027, Nova Scotia # 2022-3000552, and Alberta.
© 2024 All rights reserved. Manzil is a registered trademark
Products
Manzil Mortgage Services Inc. holds the following licenses: Ontario # 13411, British Colombia # MB601417, Saskatchewan # 512027, Nova Scotia # 2022-3000552, and Alberta.
© 2024 All rights reserved. Manzil is a registered trademark
Products
Manzil Mortgage Services Inc. holds the following licenses: Ontario # 13411, British Colombia # MB601417, Saskatchewan # 512027, Nova Scotia # 2022-3000552, and Alberta.
© 2024 All rights reserved. Manzil is a registered trademark