What is a Mortgage Investment Corporation? A Beginner’s Guide to Earning Income

A Mortgage Investment Corporation (MIC) is a simple way for investors to earn passive income from real estate without owning property directly.

Investors pool their money into the MIC, which then lends out short-term, secured mortgages.

Borrowers may not qualify with traditional banks but have real estate as collateral.

As borrowers pay interest, the MIC distributes this income back to investors—usually monthly.

Unlike stock dividends, these payments are based on mortgage interest, making them more predictable.

MICs can be held in RRSPs, TFSAs, and RRIFs, which means investors can earn income tax-efficiently.

If you are interested in investing, we will connect you with a registered exempt market dealer who can walk you through the investment process. Past performance is not intended to provide an indication of future performance.

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