Can My Corporation Invest Halal?

Yes. A corporate investment account and an Individual Pension Plan can both hold Shariah compliant investments.

Many incorporated professionals leave surplus cash sitting in the corporation, often earning interest. That money can be invested in screened portfolios instead. Planning matters here: passive investment income in your corporation above $50,000 a year starts reducing your small business tax rate. An Individual Pension Plan can move more money out of the corporation into a tax sheltered plan than an RRSP allows, especially after age 40, and it can hold halal investments too.

Want to know if your own accounts pass? Book your complimentary review with me.