Dolphin Enterprises Ltd.609-850 West Hastings Street
Vancouver, BC V6C 1E1
office (604) 685-6721
fax (604) 685-6731
Starting a MIC?
Our MIC and Corporate Consulting Division
Dolphin Enterprises industry related experience and years of managing MICs allows us to provide a consulting service to brokers and people wanting to start a MIC but do not know where to start. Our implementation department has over 10 years experience managing all the data for MICs and as such has knowledge of security regulatory requirements and suggestions for ease. In addition to the MIC specific software to assist in the direction of your MIC – our consulting division assists in organizing your entire corporations. Please call us 604-685-6721 or email us at info@dolphinent.com for more information.
What is a MIC?
The objective of MICs - Mortgage Investment Corporations
creation and subsequent inclusion in the Canadian Income Tax act was
to encourage individual investment into mortgages.
Mortgage Investment Corporations provide an alternative source of
financing from the larger institutions of banks and in for many
reasons are growing exponentially in use and in their strength.
MICs:
- Are investment pools that have been growing in number exponentially.
- Provide alternative financing for mortgage lending such as bridge financing and construction loans.
- Must meet certain requirements and receive tax incentives.
- Provide an excellent and consistent returns to investors.
- Require extensive data management and calculations.
Mortgage Investment Corporations (MICs) are continuing to grow as well as the size of the managed investment, hence, a subsequent increased need for data maintenance. Our current clients have been explaining the rapid increase in investments and use of MICs.
Dolphin Enterprises industry related experience and years of managing MICs allows us to provide a consulting service to brokers and people wanting to start a MIC but do not know where to start. Our implementation department has over 10 years experience managing all the data for MICs and as such has knowledge of security regulatory requirements and suggestions for ease. In addition to the MIC specific software to assist in the direction of your MIC – we can also support the creation of our MIC with industry experience. Please call us 604-685-6721.