Frequently Asked Questions

What is a Mortgage Investment Corporation (MIC) ?

• A special entity defined and governed under the Income Tax Act of Canada.
• Permits investors to pool their funds to invest in real estate mortgages.
• Pays all of its net profit in the form of dividends to its shareholders each year. (On a quarterly basis)
• All dividends paid are treated as expenses thus avoiding taxation within the MIC.
• Dividends paid to preferred shareholders are claimed as interest payments for tax purposes, unless the shares are in an RSP, RIF or RPP.

Is this investment RRSP, RRIF and RPP eligible?

• Yes

What is the minimum investment?

• $10,000 outside an RRSP
• $15,000 inside an RRSP

How is my investment secured?

• All mortgages funded by T-West are secured by registered charges over Real Estate Properties. The properties must meet or exceed the strict conditions of T-West's lending criteria.

How long should I plan on being invested in T-West and how do I redeem my investment?

• Generally investors would look at a term of greater than 5 years.
• T-West has a redemption option that is available to investors after the first calendar year of their investment.
• Redemptions may be subject to certain fees and restrictions. Please refer to the Offering Memorandum as detailed.

How often are dividends paid?

• Dividends are paid on a quarterly basis.