Open a Halal RRSP

Investing in an RRSP is a great way to lower your taxes and save for your retirement. But ours is also halal!

Get Started on Your Halal RRSP

RRSP Canada

A Registered Retirement Savings Plan (RRSP) is a retirement account that’s existed since 1957. RRSPs were introduced by the government to help Canadians save for retirement. The main benefit of RRSPs is that tax on RRSP contributions is deferred until retirement.

What Makes an RRSP Halal?

The RRSP 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.

What are the Benefits of an RRSP

  • It's free money

    Every dollar you contribute to your RRSP is tax- deductible. In other words, you pay less income tax.

  • Your money grows tax-free

    As long as your money sits in your RRSP, it grows tax-free

  • Retired, but empowered

    By planning your retirement properly, you empower yourself to be an active and helpful member of society despite your old age. After all, age is just a number!

  • Save for future you

    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.

  • Pay less tax in the future

    You're only taxed on your RRSP when you withdraw your money from it, typically, when you retire and your tax rates are lower.

  • The 8th wonder of the world

    Compounding is sometimes referred to as the 8th wonder of the world because of its incredible power. The earlier you start investing, the more money you make.

Get Started on Your Halal RRSP

Types of RRSP

There are different types of RRSP accounts you can choose from.

Spousal RRSP

A Spousal RRSP (Registered Retirement Savings Plan) is a savings plan where you can contribute money each year and save for your spouse's retirement.


A Group Registered Retirement Savings Plan (GRSP) is very similar to an RRSP. It's set up by an employer for their staff as an added work benefit. The plan acts as an incentive for new hires.

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 RRSP?

It's fast and it's easy. In just a few minutes, you can open, fund and start growing your halal RRSP.

Get Started on Your Halal RRSP
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