Every subscription is reviewed and approved by Drake Financial Ltd., a registered exempt market dealer — independently of Tawakkul. Why that matters
RRSP
Registered Retirement Savings Plan, without interest.
An RRSP lowers the tax you pay today and shelters what your savings earn until you take the money out. The question for many Muslim Canadians is not whether to use one — it is what to hold inside it.
Why it matters here. Most default RRSP options are interest-bearing: GICs, bond funds, savings deposits, or balanced funds holding corporate debt. Holding Canadian property through an equity structure is one way to use the tax shelter without the riba.
How the RRSP works
Contribution room18% of last year's earned income, to an annual maximum, plus any room carried forward
Tax treatmentContributions are deductible; growth is sheltered; withdrawals are taxed as income
DeadlineContributions for a tax year can be made until roughly 60 days after year end
WithdrawalsTaxable, and the room is permanently lost — except under the Home Buyers' Plan or Lifelong Learning Plan
Who it suits
Best suited to people in their working years with taxable income, who do not expect to need this money before retirement.
What to be careful about
An RRSP is a long-term shelter and this is a long-term, illiquid holding. That pairing works — but only if you genuinely will not need the money.
Eligible for your RRSP. 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.
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