What is a RRIF?
What is a RRIF?
A registered retirement income fund (RRIF) is a tax-deferred retirement plan under Canadian tax law. Individuals use a RRIF to generate income from the savings accumulated under their registered retirement savings plan (RRSP).
A registered retirement income fund (RRIF) is a tax-deferred retirement plan under Canadian tax law. Individuals use a RRIF to generate income from the savings accumulated under their registered retirement savings plan (RRSP).
What Makes a RRIF Halal?
What Makes a RRIF Halal?
An RRIF 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.
An RRIF 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 RRIFs
Halal Certified RRIFs
Investment fund and portfolio management services are provided by OneVest. All portfolio holdings and performance data are sourced from OneVest.
These Shariah compliance certificates issued by Manzil's Shariah Supervisory Board ensure that Manzil's Invest Portfolios, products and services comply with the Shariah standards set by AAOIFI.
Investment fund and portfolio management services are provided by OneVest. All portfolio holdings and performance data are sourced from OneVest.
These Shariah compliance certificates issued by Manzil's Shariah Supervisory Board ensure that Manzil's Invest Portfolios, products and services comply with the Shariah standards set by AAOIFI.
Benefits of a Halal RRIF
Benefits of a Halal RRIF
Manzil Invest - Investment fund and portfolio management services are provided by OneVest.*
01
It’s Halal
The money you put in your Joint Investment account gets invested into the OneVest Halal Portfolios. This means your money is not just growing, but you can both sleep peacefully at night knowing it’s growing through Halal means.
02
Flexibility
You have the flexibility to choose how much income you want and how frequent that income is paid to you.
03
Avoid huge tax bills
You’re required to close your RRSP at 71 which can contain large amounts of money by that time. Converting to a RRIF means that you won’t have to cash out the entire account and pay a huge tax bill that year.
04
Keep on growing
Whatever you keep in your RRIF account keeps growing through the OneVest Halal Portfolios tax-free.
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 a registered Portfolio Manager in each of the provinces and territories of Canada and as an Investment Fund Manager in the provinces of Alberta, Ontario, Newfoundland and Labrador, and Quebec. Assets in your OneVest accounts are held with various custodians, each registered as an investment dealer with the applicable securities regulators. All custodians are members of the Canadian Investment Regulatory Organization (“CIRO”) and the Canadian Investor Protection Fund (CIPF). OneVest is a wholly-owned subsidiary of OneVest Technologies Inc. All trademarks are the property of their respective owners. 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. The value of your portfolio can increase or decrease. Past performance is no guarantee of future results. An investment may be risky and may not be suitable for an investor's goals, objectives, and risk tolerance. The value of investments and the income derived from investments will fluctuate and can go down as well as up. A loss of principal may occur.
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 a registered Portfolio Manager in each of the provinces and territories of Canada and as an Investment Fund Manager in the provinces of Alberta, Ontario, Newfoundland and Labrador, and Quebec. Assets in your OneVest accounts are held with various custodians, each registered as an investment dealer with the applicable securities regulators. All custodians are members of the Canadian Investment Regulatory Organization (“CIRO”) and the Canadian Investor Protection Fund (CIPF). OneVest is a wholly-owned subsidiary of OneVest Technologies Inc. All trademarks are the property of their respective owners. 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. The value of your portfolio can increase or decrease. Past performance is no guarantee of future results. An investment may be risky and may not be suitable for an investor's goals, objectives, and risk tolerance. The value of investments and the income derived from investments will fluctuate and can go down as well as up. A loss of principal may occur.
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 a registered Portfolio Manager in each of the provinces and territories of Canada and as an Investment Fund Manager in the provinces of Alberta, Ontario, Newfoundland and Labrador, and Quebec. Assets in your OneVest accounts are held with various custodians, each registered as an investment dealer with the applicable securities regulators. All custodians are members of the Canadian Investment Regulatory Organization (“CIRO”) and the Canadian Investor Protection Fund (CIPF). OneVest is a wholly-owned subsidiary of OneVest Technologies Inc. All trademarks are the property of their respective owners. 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. The value of your portfolio can increase or decrease. Past performance is no guarantee of future results. An investment may be risky and may not be suitable for an investor's goals, objectives, and risk tolerance. The value of investments and the income derived from investments will fluctuate and can go down as well as up. A loss of principal may occur.
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