Own the lending, not the market's mood.
Invest in Canadian Mortgages Through a MIC
Lendmax Capital Mortgage Investment Corporation (MIC) pools capital from accredited and eligible investors into residential first and second mortgages across Ontario, British Columbia and Alberta. Income comes from interest borrowers have contracted to pay, secured by registered charges on Canadian homes — not from a share price that moves with sentiment.
Watch: introduction to Lendmax Capital MIC
An introduction to Lendmax Capital Mortgage Investment Corporation: how investor capital funds residential first and second mortgages in Ontario, British Columbia and Alberta, how underwriting and exits are handled, and how distributions are paid.
FY2025 annual target — a target, not a promise
Cash, or reinvested through the DRIP
Short duration, staggered maturities
Registered charges on residential property
Mortgage investments are not guaranteed. Returns are targets, not promises, and principal can be lost. Higher potential returns come with higher risk.
Audited, administered under licence, sold through a registered dealer
The people who check the work sit between an investor's capital and a registered charge on a Canadian home. Mortgage payments are collected by Lendmax Inc. under FSRA Mortgage Administrator Licence 13002.
Auditor
Yale PGC LLP — Chartered Professional Accountants; audits the financial statements annually.
Exempt market dealer
Drake Financial Ltd. — Registered dealer; assesses suitability before any subscription.
Registered-plan trustee
Olympia Trust Company — Administers self-directed RRSP, RRIF, TFSA and FHSA accounts.
Registered-plan trustee
Western Pacific Trust Company — Administers self-directed registered accounts.
What the fund has actually paid
Source: Lendmax Capital MIC, “Past performance”, updated 19 September 2026. Rates actually paid, net of costs; FY2020 was the first fiscal year. FY2025 target annual return: 9%. Past performance does not indicate future results. Distributions are not guaranteed and may be reduced or suspended; higher potential returns come with higher risk, and an investor may lose some or all of the money invested.
Illustrative income simulation
See what a given annual distribution rate would pay per quarter. MIC dividends are paid without corporate tax deducted at source; you pay tax on them as interest income outside a registered plan.
Illustration only, before tax, at a constant rate you choose. Not a forecast or an offer; distributions vary, are not guaranteed and may be reduced or suspended. Model compounding with the DRIP calculator.
A share of a mortgage book, not a single loan
Income is contractual. A borrower's obligation to pay interest is written into a mortgage and secured against a property. That is a different kind of promise from a company's decision to declare a dividend.
Diversification is built in. One private mortgage exposes you to one borrower and one property. A pooled book spreads that across many loans, positions, borrowers and regions — the structural case for a MIC over lending directly.
Liquidity is lower, by design. Capital is committed to real loans with defined terms, so it is not available on demand. Redemptions follow the offering memorandum, with notice periods and the board's right to defer. Understand this before you invest — it is the trade you are making.
The account matters. MIC dividends are taxed as interest income, so holding shares in an RRSP, RRIF or TFSA changes the after-tax arithmetic more than it does for most investments.
Request the confidential investor package and OM
Tell us how to reach you and when. Step 2 is the secure investor application, where a dealing representative completes the suitability review.
Structure, safeguards and risks
What Is a Mortgage Investment Corporation (MIC)?
How section 130.1 of the Income Tax Act makes a MIC a flow-through for mortgage income.
Holding Mortgage Investments in an RRSP, TFSA or RRIF
Plan eligibility, the self-directed trustee, and the 10% prohibited-investment trap.
The Risks of Mortgage Investing in Canada
Default, value declines, illiquidity, interest rates and structural risk, stated plainly.
How Do Mortgage Investors Actually Make Money?
Interest, lender fees and renewals — and what each is reduced by before it reaches you.
MIC vs REIT in Canada: Debt Income or Equity Ownership
Debt income or equity ownership, compared fairly in both directions.
The Mortgage Investor's Due Diligence Checklist
The documents and figures to check before you commit capital.
Ali Zaidi
Managing Partner & Chief Investment Officer
“Ethical, common-sense lending and durable investor returns are the same job seen from two ends. We protect investor capital by ensuring every borrower has a transparent, viable exit.”Research & authorship — published papers on Canadian MIC mechanics
Questions investors ask first
What is a mortgage investment corporation (MIC)?
A MIC is a Canadian corporation whose only business is investing in mortgages and which pays out its taxable income to shareholders instead of paying corporate tax on it, under section 130.1 of the Income Tax Act. Read the full explanation.
Can I invest in a MIC through my RRSP or TFSA?
MIC shares are generally a qualified investment for registered plans, held through a self-directed plan trustee. A holding becomes a prohibited investment if you and non-arm's-length persons own 10% or more of any class of shares, so ask before building a large position. Registered plans explained.
How are MIC distributions taxed?
Under subsection 130.1(2) of the Income Tax Act, MIC dividends are treated as interest income: fully taxable at your marginal rate in a non-registered account, with no dividend tax credit, and reported on a T5. Inside an RRSP, RRIF or TFSA the income is sheltered under that plan's rules. Tax treatment.
Are returns guaranteed?
No. Distributions depend on the interest and fees borrowers actually pay and on any losses. Mortgage investments are not guaranteed, are not CDIC-insured, and principal can be lost. Why nothing here is guaranteed.
How do I get my money back?
By redemption under the corporation's articles and offering memorandum, subject to notice periods and the board's right to defer or suspend redemptions to protect remaining shareholders. There is no secondary market, so treat MIC shares as an illiquid holding. Liquidity and redemption.
Speak with the investor desk
Explore Mortgage Investment Opportunities
Connect with our experienced mortgage professionals to discuss available mortgage investment opportunities, understand the underlying property and security, compare potential returns and risks, and determine which opportunities align with your investment objectives.
Securities are offered by offering memorandum through a registered exempt market dealer. Not every investment is suitable for every investor.