OUR VISION
Our goal is to offer our Investors an investment opportunity. This simplifies the approach to private lending. We spread out our Investor risk over a portfolio of loans secured to real property.
What is a MIC
MORTGAGE INVESTMENT CORPORATION
A Mic, or more formally, a mortgage Investment Corporation is an Investment vehicle that uses a both registered and cash investments to generate returns by investing in Real estate mortgages secured to real properties. MICs are structured as flow-through entities for tax purposes, meaning that the income earned by the MIC is passed through to investors. MICs primarily invest in mortgages and earn interest income from interest payment on those mortgages.
Here's how they typically work:
- Tax-Free Savings Accounts (TFSAs): TFSAs are popular investment accounts in Canada that allow individuals to earn investment income, including dividends, interest, and capital gains, tax-free. MIC investments can be held within a TFSA, providing tax advantages on the income earned.
- Registered Retirement Savings Plans (RRSPs): RRSPs are tax-advantaged retirement accounts that allow individuals to save for retirement while deferring taxes on contributions until withdrawal. MIC investments held within an RRSP can grow tax-deferred until retirement, potentially providing a source of retirement income.
- Registered Retirement Income Funds (RRIFs): RRIFs are retirement accounts into which RRSP savings can be transferred upon retirement. Income earned from MIC investments held within a RRIF is subject to taxation upon withdrawal, similar to RRSPs.
- Corporate Investment Accounts: Corporations and other business entities can also invest in MICs through corporate investment accounts, similar to individual investment accounts.
Investing in MICs usually involves purchasing shares or units of the corporation through investment accounts specifically designed for securities transactions. These accounts, such as brokerage accounts or registered investment accounts, offer the necessary features and infrastructure to facilitate buying and holding investment securities like MIC shares or units.
Our team
We’re a dynamic group of individuals who are passionate about what we do and dedicated to delivering the best results for our clients.
Shawn Kingsbury
Co-Founder
Windsor, Canada
Duncan Wilson
Co-Founder
Windsor, Canada
Charlene Short
Co-Founder
Windsor, Canada
Tyler Tiessen
Co-Founder
Windsor, Canada