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Glossary term
MIC — Mortgage Investment Corporation
Mortgage Investment Corporation — special Canadian corporate form (ITA §130.1) for pooled mortgage lending. 100% of net income distributed as dividends. Common exempt-market product, historical target 7-12%.
Related terms
REIT
Real Estate Investment Trust — trust owning income-producing real estate. Public REITs trade on TSX. Private…
NoA
Notice of Assessment — CRA document issued after tax return processing. Contains your next-year RRSP room, TF…
OBSI
Ombudsman for Banking Services and Investments — independent Canadian complaints channel for banks + investme…
IFSE
IFSE Institute — division of IFIC issuing the Exempt Market Proficiency Course (EMP) required for the Dealing…
CSA
Canadian Securities Administrators — umbrella body of 13 provincial/territorial securities regulators (ASC, B…
ASC
Alberta Securities Commission — Alberta's securities regulator. CSA member. Maintains registry of firms and i…
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