Flow-through tax advantage
A MIC deducts the dividends it pays, so income is taxed once — in your hands. Held in an RRSP, RRIF or TFSA, distributions can compound on a tax-sheltered basis.
DX Financial (Canada) Ltd. · Exempt Market
Stable, asset-backed returns through Canadian mortgage investing
A Mortgage Investment Corporation flows through virtually all of its income to investors — delivering risk-adjusted monthly income secured by real property in the Greater Toronto Area.
Available to eligible and accredited investors under prospectus exemptions.
60-second introduction from Leo, Dealing Representative
- OSC-registered Dealing Representative
- Exempt Market Dealer (EMD)
- MBA · CIA designation
- 20+ years in finance & asset management
- Assets under management
- $100M+Assets under management
- Focused mortgage lending
- GTAFocused mortgage lending
- Income distributions
- MonthlyIncome distributions
How it works
What is a Mortgage Investment Corporation?
The Government of Canada introduced MICs in 1973, through the Residential Mortgage Financing Act, to make it easier for individual and corporate investors to participate in the residential mortgage and real estate markets.
Investors pool their money by buying shares of a MIC. The pooled capital funds mortgages, which generate income through interest and fees from the borrower that are ultimately paid out as dividends to each investor. The structure is defined under Section 130.1 of the Income Tax Act.
- 01
Investors buy shares
Capital is pooled from individual, corporate and registered-plan investors.
- 02
Capital funds mortgages
The MIC lends the pool out as mortgages registered against real property.
- 03
Borrowers pay interest
Interest and fees collected each month form the income of the corporation.
- 04
Dividends flow through
Virtually all income is distributed to shareholders as dividends.
Asset-backed lending
Every loan is registered against real property with conservative loan-to-value limits, so capital sits behind tangible security rather than market sentiment.
Stable, predictable income
Borrowers pay interest monthly. That interest funds regular distributions with far less day-to-day volatility than publicly traded equities.
Capital preservation focus
Diversification across many mortgages, disciplined underwriting and active portfolio monitoring are designed to protect principal first.
Why invest in a MIC
Five reasons investors allocate to mortgage funds
Risk mitigation
Risk exposure is mitigated by spreading the investment across a portfolio of mortgages rather than a single mortgage.
Secured investment
A MIC provides short-term loans secured by real estate properties, so capital sits behind tangible collateral.
Tax shelter
A MIC is eligible for investment from registered funds such as RRSP, RESP and TFSA, allowing the investment to grow tax-efficiently.
Income stream
A steady stream of income is provided to investors while the investments remain secured by real property.
Strength in numbers
Individuals can participate in larger investments by combining their capital with other investors.
Why DX Financial
Why invest in the DX Financial MIC
Experienced manager
The MIC is managed by a team with over a decade of hands-on experience in the Canadian mortgage industry.
Quality assets
The mortgage portfolio consists mostly of residential properties in highly coveted locations within the Greater Toronto Area.
Structured due diligence
The management team follows a well-defined risk mitigation protocol and underwriting system on every mortgage.
Trusted legal counsel
Respected as a leading law firm, Fasken provides securities counsel to ensure best operational practices.
Aligned financial interest
The manager of the MIC is also a significant investor in it — co-investing motivates prudent decisions and strong returns.
External auditing
Auditing by Licensed Public Accountants ensures comprehensive and transparent financial reporting.
About Leo
Two decades of institutional discipline, applied to private mortgages
Leo began his career in audit and advisory at PwC in Beijing, where he built the analytical rigour and controls mindset that still shapes how he evaluates investments today.
He went on to insurance asset management, overseeing fixed-income and income-generating mandates where capital preservation and predictable cash flow mattered more than chasing returns.
Today, as an OSC-registered Dealing Representative with DX Financial (Canada) Ltd., he helps Canadian investors and their advisors understand where private mortgage investing fits in a portfolio — and, just as importantly, when it does not. He holds an MBA and the CIA designation, with more than 20 years of experience across accounting, asset management and private credit.
Have a question?
Book a free consultation
Share a few details and Leo will send the investor package and arrange a no-obligation call to review your objectives, time horizon and eligibility.
- A plain-language overview of the MIC structure
- Current portfolio composition and distribution history
- Subscription documents and eligibility requirements