About the tax-exempt Mortgage
Investment Corporation (MIC)
Fisgard is a tax-exempt Mortgage Investment Corporation. We distribute 100% of net profit to our investors, and since MIC dividends paid to investors are treated as expenses for tax purposes, the company is not taxed. The result is a greater return for our investors.
Our investors place cash and 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 steady revenue, which we pass on to our investors every three months. You choose to take your dividends in cash for income or you can reinvest them so your money grows more quickly through compound interest.