income tax act Archives | Nava Wilson LLP

Mortgage Investment Corporations in Ontario and Income Tax Act (MICs)

Mortgage Investment Corporations in Ontario and Income Tax Act (MICs) In the early 1970s, the government of Canada believed a housing crisis was looming. In 1973, they created MICS as a part of the Residential Mortgage Financing Act to encourage private lending and make investments in residential mortgages and real estate more accessible to smaller […]