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OUR VISION

Our goal is to offer our Investors an investment opportunity. This simplifies the approach to private lending. We spread out our Investor risk over a portfolio of loans secured to real property.

What is a MIC

MORTGAGE INVESTMENT CORPORATION

A Mic, or more formally, a mortgage Investment Corporation is an Investment vehicle that uses a both registered and cash investments to generate returns by investing in Real estate mortgages secured to real properties. MICs are structured as flow-through entities for tax purposes, meaning that the income earned by the MIC is passed through to investors. MICs primarily invest in mortgages and earn interest income from interest payment on those mortgages.

Here's how they typically work:

  • Tax-Free Savings Accounts (TFSAs): TFSAs are popular investment accounts in Canada that allow individuals to earn investment income, including dividends, interest, and capital gains, tax-free. MIC investments can be held within a TFSA, providing tax advantages on the income earned.
  • Registered Retirement Savings Plans (RRSPs): RRSPs are tax-advantaged retirement accounts that allow individuals to save for retirement while deferring taxes on contributions until withdrawal. MIC investments held within an RRSP can grow tax-deferred until retirement, potentially providing a source of retirement income.
  • Registered Retirement Income Funds (RRIFs): RRIFs are retirement accounts into which RRSP savings can be transferred upon retirement. Income earned from MIC investments held within a RRIF is subject to taxation upon withdrawal, similar to RRSPs.
  • Corporate Investment Accounts: Corporations and other business entities can also invest in MICs through corporate investment accounts, similar to individual investment accounts.

Investing in MICs usually involves purchasing shares or units of the corporation through investment accounts specifically designed for securities transactions. These accounts, such as brokerage accounts or registered investment accounts, offer the necessary features and infrastructure to facilitate buying and holding investment securities like MIC shares or units.

Our team

We’re a dynamic group of individuals who are passionate about what we do and dedicated to delivering the best results for our clients.

  • Shawn Kingsbury's headshot

    Shawn Kingsbury

    Co-Founder

    Windsor, Canada

  • Duncan Wilson's headshot

    Duncan Wilson

    Co-Founder

    Windsor, Canada

  • Charlene Short's headshot

    Charlene Short

    Co-Founder

    Windsor, Canada

  • Tyler Tiessen's headshot

    Tyler Tiessen

    Co-Founder

    Windsor, Canada

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Erie Shores Capital

LOCAL GROWTH, SUSTAINABLE RETURNS.
RISK-CONSCIOUS INVESTING

Partners

  • Investor Suite
  • Mortgage Suite
  • Ontario Securities Commission
  • SedarPlus

© 2024 Erie Shores Capital, Inc. All rights reserved. Created by Sphoun

Get in touch

Any questions or inquiries you have, fire away and a team member will be sure to get back to you with any information.

Address
1821 Provincial Rd | Suite 202
Windsor, ON
Telephone
(226) 790-0984
Email
admin@investorsuite.ca

Request Investor Information Today

YOUR INVESTMENT GROWTH

Estimated 20 yr Returns

$182,566

Erie Shores Capital

8.25%Targeted Return

PLUSSemi-Annual Bonuses

*Initial Investment of $50,000 over 20 years

How it works

Investing in a Mortgage Investment Corporation

1. Investor Contributions: Investors contribute funds to the MIC, often in the form of purchasing shares..

2. Mortgage Lending: The MIC uses the pooled funds to provide loans, typically in the form of mortgages, to individuals or businesses looking to buy or develop real estate.

3. Interest Income: The borrowers make regular payments of principal and interest on their mortgages. The interest income generated from these payments forms the primary source of revenue for the MIC.

4. Distribution to Investors: After deducting operating expenses and any provisions for loan losses, the MIC distributes the remaining income to its investors in the form of dividends or distributions.

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Invest Today. 25K Minimum

LOCAL GROWTH, SUSTAINABLE RETURNS.

RISK-CONSCIOUS INVESTING

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