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What is a MIC

  • What is a MIC?

Mortgage Investment Corporation

A mortgage investment corporation (MIC) is a unique investment vehicle that pools money from investors to fund mortgages secured by Canadian real estate. The MIC earns money through interest payments on those mortgages and then shares those profits with its shareholders.


With Kingsdale Mortgage Investment Corporation (KMIC) , investing in MICs means investing in a professionally managed and highly diversified portfolio of mortgages to provide you with a steady, passive income stream. This lets you benefit from Canada’s strong real estate markets, like British Columbia, Alberta, and Ontario, without the hassle of buying or managing any property.

How do MICs work?

Mortgage Investment Corporations (MICs) raise capital from investors and lend it as mortgages secured by real estate. Investors earn regular dividends from borrower payments, which can be taken as cash or reinvested. As flow-through vehicles, MICs distribute 100% of their net income to shareholders.

Kingsdale MIC on the Top as the Money Pool

Mortgage Investment Corporations (MICs) pool funds from multiple investors to provide private mortgage financing across residential and commercial properties. These investments generate income through interest payments made by borrowers. The earned income is then distributed to investors, typically on a monthly or quarterly basis.
Mortgage Administrator License
Kingsdale Capital Management Corp
MICs are professionally managed to maintain a balance between risk and return, ensuring capital preservation and steady performance. Each mortgage is carefully selected based on strict lending criteria and secured by real property. This structure allows investors to access the mortgage market without directly managing individual loans.

Why invest
in MICs?

Investing in MICs offers access to stable, income-generating mortgage assets backed by real property. They provide consistent returns with lower volatility compared to traditional market investments.

 

With professional management and diversified lending portfolios, MICs balance risk and reward effectively. They’re an ideal choice for investors seeking dependable income and long-term capital preservation.

Attractive passive income potential

MICs offer attractive passive income potential through regular interest distributions generated from secured mortgage loans. Investors benefit from consistent cash flow without the need for active management. It’s a reliable way to grow your wealth while enjoying stable, hands-free returns.

Strategic diversification

MICs provide access to a diversified pool of residential and commercial mortgages across various regions. This broad exposure helps reduce risk and smooth out returns over time. By spreading investments across multiple borrowers and property types, your portfolio stays balanced and resilient.

Simpler access to private real estate lending

Through MICs, investors can easily participate in private mortgage lending without the complexity of managing loans themselves. The fund handles origination, underwriting, and servicing on your behalf. This makes real estate lending more accessible, efficient, and hassle-free.

Professional management

Each MIC is overseen by a team of experienced financial and mortgage professionals dedicated to maximizing returns while minimizing risk. They ensure every investment meets strict underwriting and performance standards. With expert oversight, your capital is managed strategically and responsibly.

What registered accounts can be used to invest in a MIC?

All three fund offerings are eligible for the following accounts:

  • RRSPs (Registered Retirement Savings Plan)
  • RRIFs (Registered Retirement Income Fund)
  • RESPs (Registered Education Savings Plan)
  • TFSA (Tax-Free Savings Account)

These registered accounts can hold your investments and apply certain tax benefits to your investment income.

Contact our dealing representatives to determine if your registered account is eligible.

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