FREQUENTLY ASKED QUESTIONS
How long has Fisgard been in business?
Fisgard was incorporated in 1994, evolving out of years of mortgage lending and investing dating back to 1968.
How am I taxed?
The returns you receive as an investor are taxed as interest, not dividends.
Can I transfer my current Registered Plan to Fisgard?
Yes you can. We handle the details for you. Just provide us with the name of your current plan holder and plan number and we’ll take care of the rest.
How do I receive my dividends?
Most of our investors receive their dividends by Electronic Funds Transfer (EFT), but some receive cheques through the mail.
Is my money locked in?
Your funds are committed for a 5-year or 1-year term. The 5-year term investment pays 2% more than 1-year investment. On joint investments Fisgard offers a Compassionate Early Redemption that allows a surviving spouse to redeem the investment earlier than its maturity date.
Have Fisgard investors ever lost money?
No. None of our investors have ever lost investment capital.
What kind of mortgages does Fisgard invest in?
All of our mortgages are secured by Canadian real estate property located primarily in BC and Alberta. We base our mortgage investments on the value of property and credit-worthiness of the borrower.
Do you charge brokerage fees?
We do not broker mortgages for a fee. We lend money to qualified borrowers, and decisions are not made on the basis of finders’ fees, but on the quality and security of the mortgage.
Are investors notified of when their investment is due?
Yes, with each Quarterly Dividend Statement investors are provided full details of investments that mature the following quarter.
Is the investment guaranteed?
No, the underlying security of the Fisgard investment is the portfolio of Canadian real estate properties against which we have mortgage charges plus the personal guarantees of the owners of the properties.
Does Fisgard have a succession plan?
Yes. An important feature of Fisgard’s business plan is succession planning. We have been in business for a long time and will be for many years to come. Fisgard has a policy of being 3-deep at all company positions, including directors and administration. This is good insurance for our investors.