Investors

MIC DEFINED

A Mortgage Investment Corporation (MIC) is an investment vehicle that allows investors to pool funds in a diversified portfolio of residential and commercial mortgage loans. Shares of a MIC are qualified investments under the Canadian Income Tax Act (Section 130.1) for RRSPsRRIFsTFSAs, or RESPs. The Income Tax Act requires that 100% of a MIC’s annual net income be distributed to its shareholders.

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