Why MICs Are Becoming a Core Asset Class for Canadian Retirement Portfolios
Mortgage Investment Corporations pool capital from investors to make secured real estate loans, offering predictable monthly or quarterly cash flow backed by real property — a feature that appeals to conservative, income-focused investors. MICs can be held inside registered accounts like RRSPs, TFSAs, and RRIFs, providing tax-efficient income and portfolio diversification without requiring direct property ownership.