Registered Retirement Savings Account


Whether you’re employed or self-employed, an RRSP is an investment vehicle to save money for your exciting retirement. The account can hold a variety of investments such as stocks, mutual funds, GICs, etc, and has significant tax advantages.

The Benefits of an RRSP

An RRSP has many benefits from saving for retirement to tax benefits as you grow! Retirement is closer than you think!

Find out how an RRSP can benefit you

Investors may deduct contributions agains their income. For example, if a contributor’s tax rate is 40%, every $100 they invest in an RRSP will save that person $40 in taxes, up to their contribution limit

The growth of your RRSP Investments are tax-sheltered. Unlike Non-RRSP investments, your returns are exempt from any capital gains tax, dividend tax, or income tax. This means that your investments under an RRSP compound at a pre-tax rate.

At the time of your retirement, you are able to withdraw from your account which will typically be taxed at a lower rate than your working years.

A Spousal RRSP also allows for income splitting at Retirement. A high-earner (spousal contributor) may contribute to a Spousal RRSP in their spouse’s name (the account holder). Since retirement income is divided evenly, each spouse can benefit from a lower marginal tax rate.

Once you retire, the RRSP provides you with payments making up your retirement income.

You can borrow from your RRSP to buy your first home or pay for your education

Get Started Today
Opening an account has never been easier! Please fill out the form here and an advisor will be in touch to walk you through the process!
Still have some further questions?
Frequently Asked Questions

We charge an annual fee of between 0.5 to 1.5% of the value of the portfolio, depending on the amount of assets being managed and the type of service provided. Unlike many other advisers, we do not accept commissions from mutual fund companies. 

Your portfolio will be held with Fidelity Clearing Canada ULC, a custodian that is registered with the Investment Industry Regulatory Organization of Canada and, participates in the Canadian Investor Protection Fund. a fund set up to ensure client assets.  Fidelity Clearing Canada ULC is part of the Fidelity group of companies that handles over $10 trillion dollars of customer assets world wide

The Sharia guidelines are based on the rules determined by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), a global Islamic finance standards-setting body, governed by an international panel of highly respected Sharia scholars. 

Asset classes
Only stocks, sukuks and Islamic ETFs are eligible for Shariah-compliance consideration. Preferred shared are considered to be non-compliant.

Business activities screens
Companies are only to be considered compliant from a business perspective if the cumulative revenue from non-compliant activities and non-operating interest income does not exceed 5% of their total income. Non-compliant income sources include the following: 

  • Alcohol
  • Gambling
  • Weapons
  • Tobacco
  • Adult Entertainment
  • Pork Products
  • Highly-leveraged Businesses
  • Interest-Based Businesses
  • Music, Cinema or Broadcasting

Financial screens
The following screens have to be fulfilled to ensure Sharia-compliance according to the defined rules: 

  • Interest-bearing debt divided by 12-month average market capitalization should be less than 30% 
  • Cash, cash equivalents and short-term investments divided by the 12-month average market capitalization should be less than 30% 
  • Cumulative revenue from non-compliant activities and non-operating interest income should not exceed 5% of total income 

We rely on the Sharia rules defined by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), a global Islamic finance standards-setting body, governed by an international panel of highly respected Sharia scholars. Learn more at 

ShariaPortfolio Canada offers a comprehensive solution to investing that includes a variety of Sharia-compliant stocks and funds.  ShariaPortfolio employs a core satellite approach in investing, where active returns are generated by stocks and sector selection and active risk is mitigated by core holdings. It takes a value based, hands-on approach in selecting high conviction securities as satellites for the portfolios. Buying or selling of stocks, sukuks, commodities or ETFs is based on target price and fundamental discipline.  ShariaPortfolio’s portfolio managers take a proactive approach to assign a standard portfolio according to the client’s risk, return and life cycle objectives. Standard models are managed by ShariaPortfolio to achieve the returns with a designated level of risk. 

Investments containing only ETFs are designed to parallel the returns of a particular market index or benchmark as closely as possible. For example, each stock listed on the S&P 500 Shariah Industry Exclusions Index (SPSIEUP) is weighted. That is, it represents a percentage of the index that is commensurate with its size and influence in the real world. An exchange traded fund ETF, for example SPUS (which tracks SPSIEUP), will use the same weights.  This is passive portfolio management and its objective is to generate a return that is the same as SPSIEUP index. The strategy requires a buy-and-hold mentality.  Because this investment strategy is not proactive, the management fees are lower than active management strategies. 

Our USA affiliateShariaPortfolio, started in 2003 and was one of the first sharia-compliant wealth managers in the USA with clients nationwide.  In 2019, SP Funds (another affiliatelunched two Exchange Traded Funds (ETFs) which are listed on the NYSE.  ShariaPortfolio Canada was officially launched in January 2020.   


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