Every subscription is reviewed and approved by Drake Financial Ltd., a registered exempt market dealer — independently of Tawakkul. Why that matters
RRIF
Registered Retirement Income Fund, without interest.
An RRSP must be converted by the end of the year you turn 71, usually into a RRIF. From then on a minimum amount must be withdrawn each year.
Why it matters here. The mandatory annual withdrawal is the thing to plan around. A RRIF holding an illiquid asset needs enough liquidity elsewhere in the account to meet that minimum without forcing a redemption.
How the RRIF works
Conversion deadlineBy 31 December of the year you turn 71
Minimum withdrawalA percentage of the account value, rising with age, required every year
Tax treatmentWithdrawals are taxable as income; anything remaining stays sheltered
FlexibilityYou may withdraw more than the minimum at any time
Who it suits
Retirees who want part of their portfolio in real assets and have other holdings liquid enough to fund the annual minimum.
What to be careful about
This is the one plan where illiquidity needs active planning. Do not let a required withdrawal collide with a 30-to-60-day redemption.
Eligible for your RRIF. The Offering Memorandum confirms that, provided the Trust qualifies as a mutual fund trust under the Income Tax Act, Units are qualified investments for registered plans. How a registered subscription runs.
How a registered subscription actually runs
You send no money yourself
Your plan custodian transfers the funds once a transfer form is completed and the transfer from your existing institution settles. Nothing leaves your own bank account.
It takes weeks, not days
A custodian transfer is a multi-week process. Most registered subscriptions that fail do so because nobody said anything for a month — so we track yours and tell you where it has reached at each stage.
A holding limit applies
Units become a prohibited investment for a registered plan if your interest reaches 10% or more of the fair market value of all beneficiaries' interests. We warn you well before that point.
Your dealer still decides
Drake Financial Ltd., a registered exempt market dealer, reviews every file. This platform assembles it — it does not assess suitability and it never approves anything.
This call explains the Trust and helps with the paperwork. It is not advice — whether an investment suits you is assessed by Drake Financial Ltd., a registered exempt market dealer, independently of Tawakkul.
One email a month.
What is being built, what is opening, and what we are learning about halal investing in Canada. No selling, and one click to stop.
May we measure how people find this site?Nothing that identifies you is collected without your consent, and the site works the same either way.What we would collect