About the tax-exempt Mortgage
Investment Corporation (MIC)
Fisgard is a tax-exempt Mortgage Investment Corporation. We distribute 100% of net profit in the form of dividends, and since MIC dividends paid to investors are treated as expenses for tax purposes, the company is not taxed. This results in superior returns for our investors.
Our investors place cash and/or registered funds – such as the RRSP, TFSA, RRIF or RESP – in Fisgard, and we invest that capital in quality mortgages secured by valuable CANADIAN real estate. The mortgages produce cash, which we pass on to our investors as dividends every three months. You choose whether to take your dividends in cash for income, or reinvest them so your money grows more quickly through the process of compound interest.