Open a Halal RRIF

Unlike an RRSP where you save money for retirement, a RRIF earns you halal income during your retirement.

Get Started on Your Halal RRIF

RRIF Canada

A registered retirement income fund (RRIF) is a tax-deferred retirement plan under Canadian tax law. Individuals use an RRIF to generate income from the savings accumulated under their registered retirement savings plan (RRSP).

What Makes a RRIF Halal?

The 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 Manzil Halal Portfolios then you should be able to sleep peacefully at night.

Benefits of a RRIF

  • Flexibility

    You have the flexibility to choose how much income you want and how frequent that income is paid to you.

  • 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.

  • Keep on growing

    Whatever you keep in your RRIF account keeps growing through the Manzil Halal Portfolios tax-free.

Get Started on Your Halal RRIF

Another Type of RRIF Account

Same as an RRIF, but for your significant other.

Spousal RRIF

Just like a spousal RRSP, a spousal RRIF is used to invest money tax-free during your retirement. Unlike an RRSP, it's not used to accumulate money but rather to provide income after you retire.

Why CI Direct Investing?

We partnered with a Robo-Advisor, CI Direct Investing, so you can access the Manzil Halal Portfolios and get financial advice.

  • Low fees. Happy wallets

    CI Direct Investing delivers a low fee investing service, so more of your money stays invested.

  • Smarter technology, smarter savings

    Build better savings habits with CI Direct Investing's easy automated savings and investment app.

  • Advice worth listening to

    Advice, not a sales pitch, from a Certified Financial Planner® included.

Your Money is Safe with CI Direct Investing

Funds managed by CI Direct Investing are held with custodian members of Canadian Investor Protection Fund (CIPF). This provides limited protection for customer accounts, in case of the custodians’ insolvency for up to $1 million per account type category.

  • CI Direct Investing is a registered portfolio manager.
  • Advanced technology to secure your account.
  • Protecting your personal information.
  • Total transparency.

Ready to Open Your Halal RRIF?

It's fast and it's easy. In just a few minutes, you can convert your RRSP into an RRIF.

Get Started on Your Halal RRIF
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