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.**
A Personal Savings and Investment account is just an account with some tax rules around it. It is how the money that is in 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.**
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 set by AAOIFI.**
Investment fund and portfolio management services are provided by OneVest. All portfolio holdings and performance data are sourced from OneVest.
The money put in a Personal investment account gets invested into Halal Portfolios - meaning it’s growing through Halal means.
No penalties, withholding tax, or limits from the government as other registered accounts have.
Dividends from Canadian Corporations and growth- oriented ETFs.
These accounts can be as large or as small as you want.
Manzil Invest - Investment fund and portfolio management services are provided by OneVest*
Manzil Invest - Investment fund and portfolio management services are provided by OneVest*
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.
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*** 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.
