You are currently viewing MIC Eligibility for Registered Investment Plans

MIC Eligibility for Registered Investment Plans

The financial landscape is changing, leading investors to seek secure investment options. Mortgage Investment Corporations (MICs) have become popular because of this. They are attractive because they deal with Canadian real estate, which many see as high quality. MICs offer stability since the investments are backed by mortgages on this real estate. However, before diving into MICs, it’s crucial to fully understand how they work, their benefits, and possible risks. Check MIC eligibility for registered investment plans.

A Characteristics of MIC

Traditional investments like stocks can have big ups and downs in value. In contrast, MICs offer a different way to invest. They focus on both income and growth. It means investors can get regular cash from their dividends or reinvest them to grow their investments.

MICs that are well-managed, especially those without any debt, often give dividends between 6% to 9%. So, investors can either get a stable income or let their investment grow if they put their dividends back in.

MIC Eligibility for Canadian Registered Plans

Eligibility for Canadian Registered Plans

MICs work well with many different Canadian savings and pension plans. It is because most MICs are carefully designed to match these savings tools. As a result, investors can benefit from each plan’s tax breaks and unique features.

Take, for example, the illustrious Fisgard MIC, a key player in this landscape. MIC-IN-A-BOX Investment Corp. boasts eligibility across a spectrum of registered plans, including:

  • TFSA (Tax-Free Savings Account): A haven for earning tax-free income and withdrawals.
  • RRSP (Registered Retirement Savings Plan): A cornerstone of retirement planning, entailing tax benefits alongside savings for the golden years.
  • RRIF (Registered Retirement Income Fund): A sanctuary for tax-deferred retirement funds, furnishing regular post-retirement income.
  • RESP (Registered Education Savings Plan): A strategic vessel for fostering tax-sheltered growth to support post-secondary education expenses.
  • LIF (Life Income Fund): A conduit for regular retirement income sourced from locked-in pension funds.
  • LRIF (Locked-In Retirement Income Fund): An analogous counterpart to LIF, fortified with additional conditions relevant to specific provinces.
  • LIRA (Locked-In Retirement Account): A safeguarded pension account that locks funds until retirement age.
  • IPP (Individual Pension Plan): A tailor-made, defined benefit plan designed to cater to business owners, incorporated professionals, and pivotal employees.
  • RDSP (Registered Disability Savings Plan): A blueprint for securing the long-term financial stability of individuals with disabilities.


MICs are attractive, especially when the stock market is uncertain, and bond yields are low. However, investing in MICs has its risks. It would help if you watched out for changing interest rates and the health of the Canadian real estate market. Also, it’s crucial to understand the lending habits of the specific MIC you’re considering.

Before adding MICs to your investment mix, do your homework. Understand your comfort with risk and consider seeking advice from a financial expert. Taking the time to research and get advice can help you avoid unexpected problems when investing in MICs.

Leave a Reply