A Registered Retirement Savings Plan (RRSP) is an investment account where you can save for your retirement while deferring a portion of your current year's tax obligation until retirement.**
An RRSP 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 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.
Investing is not a one-size-fits-all situation. That’s why it’s important to share goals to create a curated investment portfolio.
As long as the money sits in a RRSP, it grows tax-free
As the saying goes, “Those who don’t plan, have planned to fail.” Putting away some money for the future is the smart and responsible thing to do.
The money withdrawn from a RRSP is taxed as Income, and typically, tax rates are lower in retirement
Manzil Invest - Investment fund and portfolio management services are provided by OneVest*
Soon enough, there’ll be more options to choose from.
Coming soon so stay tuned...
Coming soon so stay tuned...
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.
