Understanding Halal Tax-Free Savings Accounts (TFSA)
Avoid paying taxes on your investment gains with a Halal TFSA. Manzil Invest - Investment fund and portfolio management services provided by OneVest.*
Understanding Halal Tax-Free Savings Accounts (TFSA)
Avoid paying taxes on your investment gains with a Halal TFSA. Manzil Invest - Investment fund and portfolio management services provided by OneVest.*
Understanding Halal Tax-Free Savings Accounts (TFSA)
Avoid paying taxes on your investment gains with a Halal TFSA. Manzil Invest - Investment fund and portfolio management services provided by OneVest.*
What is a TFSA?
A Tax Free Savings Account (TFSA) is a registered investment account that allows for tax free gains. The amount of money that can be contributed to a TFSA is limited each year, with a banked maximum if you didn’t contribute in previous years, (check with the CRA for your contribution limit) and can be used for any savings goal. All withdrawals are tax free.**
What is a TFSA?
A Tax Free Savings Account (TFSA) is a registered investment account that allows for tax free gains. The amount of money that can be contributed to a TFSA is limited each year, with a banked maximum if you didn’t contribute in previous years, (check with the CRA for your contribution limit) and can be used for any savings goal. All withdrawals are tax free.**
What is a TFSA?
A Tax Free Savings Account (TFSA) is a registered investment account that allows for tax free gains. The amount of money that can be contributed to a TFSA is limited each year, with a banked maximum if you didn’t contribute in previous years, (check with the CRA for your contribution limit) and can be used for any savings goal. All withdrawals are tax free.**
What makes a TFSA Halal?
A TFSA 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.**
What makes a TFSA Halal?
A TFSA 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.**
What makes a TFSA Halal?
A TFSA 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.**
Integrity
Halal Certified TFSAs
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.
Integrity
Halal Certified TFSAs
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.
Integrity
Halal Certified TFSAs
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.
The benefits of a Halal TFSA
Manzil Invest - Investment fund and portfolio management services are provided by OneVest.*
01
Earn investment income, tax-free
Any gains earned in a TFSA account are not subject to tax.
02
Withdraw savings, tax-free
Withdraw money from a TFSA at any time and for any purpose.
03
Contribute to a spouse’s TFSA
Keep in mind, the total contribution to any account cannot exceed the maximum amount allowed.
04
It’s Halal
The money put in the TFSA account gets invested into OneVest Halal Portfolios. This means that the investing is not just growing tax-free, but it’s growing through Halal means.
The benefits of a Halal TFSA
Manzil Invest - Investment fund and portfolio management services are provided by OneVest.*
01
Earn investment income, tax-free
Any gains earned in a TFSA account are not subject to tax.
02
Withdraw savings, tax-free
Withdraw money from a TFSA at any time and for any purpose.
03
Contribute to a spouse’s TFSA
Keep in mind, the total contribution to any account cannot exceed the maximum amount allowed.
04
It’s Halal
The money put in the TFSA account gets invested into OneVest Halal Portfolios. This means that the investing is not just growing tax-free, but it’s growing through Halal means.
The benefits of a Halal TFSA
Manzil Invest - Investment fund and portfolio management services are provided by OneVest.*
01
Earn investment income, tax-free
Any gains earned in a TFSA account are not subject to tax.
02
Withdraw savings, tax-free
Withdraw money from a TFSA at any time and for any purpose.
03
Contribute to a spouse’s TFSA
Keep in mind, the total contribution to any account cannot exceed the maximum amount allowed.
04
It’s Halal
The money put in the TFSA account gets invested into OneVest Halal Portfolios. This means that the investing is not just growing tax-free, but it’s growing through Halal means.
Ready to open your Halal TFSA with OneVest?
Manzil Invest - Investment fund and portfolio management services are provided by OneVest.*
Ready to open your Halal TFSA with OneVest?
Manzil Invest - Investment fund and portfolio management services are provided by OneVest.*
Ready to open your Halal TFSA with OneVest?
Manzil Invest - Investment fund and portfolio management services are provided by OneVest.*
Homes
See the features and benefits of our Halal Musharaka financing options and determine which one is best for you.
Invest
Halal investing opportunities that align with your beliefs as a Muslim, in partnership with OneVest. Transfer existing investments or open a new account.
Wills
In 20 minutes or less, create Islamic Will documents online and have legally-secure, Shariah Compliant documents in preparation for when you die.
Discover other Manzil Products
Discover
Homes
See the features and benefits of our Halal Musharaka financing options and determine which one is best for you.
Invest
Halal investing opportunities that align with your beliefs as a Muslim, in partnership with OneVest. Transfer existing investments or open a new account.
Wills
In 20 minutes or less, create Islamic Will documents online and have legally-secure, Shariah Compliant documents in preparation for when you die.
Discover other Manzil Products
Discover
Discover other Manzil Products
Discover
Homes
See the features and benefits of our Halal Musharaka financing options and determine which one is best for you.
Invest
Halal investing opportunities that align with your beliefs as a Muslim, in partnership with OneVest. Transfer existing investments or open a new account.
Wills
In 20 minutes or less, create Islamic Will documents online and have legally-secure, Shariah Compliant documents in preparation for when you die.
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.
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.
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.
Services
Manzil Mortgage Services Inc. holds the following licenses: Ontario # 13411, British Colombia # MB601417
Saskatchewan # 512027, Nova Scotia # 2022-3000552, and Alberta.
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