Understanding Mortgage Investment Corporations
A proven, regulated way to invest in the Canadian real estate market without the hassle of property management.
A proven, regulated way to invest in the Canadian real estate market without the hassle of property management.
A Mortgage Investment Corporation (MIC) is an investment vehicle created by the Government of Canada under the Income Tax Act. It is designed to make it easier for individuals to invest in the Canadian real estate market.
Essentially, a MIC pools capital from many investors to lend out as private mortgages to borrowers. The interest collected from these mortgages, after operational expenses, is passed directly to the investors in the form of dividends.
Key regulatory requirements: MICs must have at least 20 shareholders; no single shareholder (plus related persons) may own more than 25% of shares; MICs must distribute 100% of net income and pay no corporate tax; at least 50% of assets must be in residential mortgages or cash; MIC shares are qualified investments for RRSP, RRIF, and TFSA.
Unlike volatile equities, MIC returns are backed by tangible real estate. You earn consistent, passive income without the overhead of property management, tenant issues, or maintenance costs.
MIC shares are eligible for registered accounts such as RRSPs, RRIFs, and TFSAs, giving you tax-advantaged access to the private mortgage market.
Key terms for Richview Capital MIC investments
| Investment type | Preference Class Shares of Richview Capital MIC Inc. |
| Share price | $10.00 per share |
| Minimum investment | $100,000 |
| Minimum hold period | 2 years, quarterly liquidity thereafter |
| Target annual return | 7-8% |
| Distributions | Quarterly by direct deposit |
| Distribution dates | March 30, June 30, September 30, December 31 |
| Eligible accounts | RRSP, RRIF, TFSA, LIRA, RESP, LIF, and non-registered (cash) |
| Fees: registered accounts | Fees apply for registered and self-directed accounts |
| Fees: non-registered (cash) | No fees charged |
| Portfolio | Short-term 1st and 2nd mortgages, GTA |
| Property types | Mixed residential, high-rise condos (max 20 years old), construction |
| Max LTV | 75% |
| Min borrower credit score | 600 |
| Financial statements | Audited annually |
| Dividend statements | Issued every quarter |
Risk management and security measures for your capital
Compare MIC investing to other asset classes
| MIC | Public REITs | Mutual Funds | Direct Property | |
|---|---|---|---|---|
| Backed by real estate | Yes | Yes | Varies | Yes |
| Daily price fluctuation | No | Yes | Yes | No |
| Quarterly income | Yes | Varies | Varies | Rental income |
| RRSP/TFSA eligible | Yes | Yes | Yes | Generally no |
| Property management | None | None | None | Required |
| Minimum investment | $100,000 | Low | Low | High |
| Liquidity | Quarterly after 2-year hold | Daily | Daily | Low |
Why thousands of Canadians choose this path to steady returns
MICs are strictly regulated under Section 130.1 of the Income Tax Act, requiring an annual audit and specific portfolio compositions to ensure safety.
Because MICs distribute 100% of their net income, they pay no corporate tax. Furthermore, shares in a MIC are an eligible investment for RRSPs, RRIFs, and TFSAs.
Unlike stocks which can be volatile, MIC investments are backed by tangible real estate assets. A registered mortgage is placed on the property to secure the loan.
How your capital transforms into steady dividend returns
Investors purchase shares in the MIC, pooling their capital together to create a large lending fund.
The MIC lends this money to carefully vetted borrowers, securing the loans against Ontario real estate.
Borrowers make regular payments containing interest, which forms the revenue of the MIC.
The net income is distributed back to you, the investor, as consistent, stable dividends.
Start Investing
Earn 7–8% annual returns through Richview's licensed Mortgage Investment Corporation. Asset-backed, regulated, and accessible.
Take the first step toward secure, asset-backed returns.
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