Mortgage

Balancing a well-rounded investment portfolio requires diversification across various asset categories to effectively manage risk while optimizing returns. Among the investment options gaining traction, MIC in Canada (Mortgage Investment Corporations) stands out as a compelling choice. These corporations offer individuals the opportunity to achieve reliable returns through real estate-backed investments. By enabling participation in mortgage lending, MICs blend financial stability with the potential for profitability, making them an appealing addition to a diversified investment strategy. What Are MICs? Mortgage Investment Corporations (MICs) are investment entities designed to pool funds from investors and issue mortgages to borrowers. Governed by Canada's Income Tax Act,…