FAQ

Q: Do you charge a brokerage fee?

A: No. We do not broker mortgages for a fee. We make sound decisions on lending money based on qualifications and not finder’s fees.

Q: Does the Investment make sense for someone my age?

A: Having a long term investment strategy is important at any stage in life. Our investors cover all age groups. Many of our investors are already in the retirement stage and find Canguard Mortgage Investment Corporation to be an effective way to put their assets to work for them.

Q: Is financing real estate as secure as owning it?

A: While the real estate values may change, investors do not have the same concerns as owners about possible value losses. As long as the financing opportunities are well selected, the return is fixed over the life of the financing.

Q: How do I receive my dividend?

A: Dividends are distributed every quarter. Investors have the choice between re-investing their dividend amounts and maximize on compounding interest or simply receive a dividend cheque.

Q: How will my cash payment be treated for Tax purposes?

A: Mortgage Investment Corporations have a special tax status. The Canada Revenue Agency will deem your income from Canguard Mortgage Investment Corporation to dividend interest and tax it accordingly. T5 slips are issued at the end of each calendar year.

Q: Can I transfer my current Registered Plan?

A: Yes. We handle all the details for you - our experience staff will provide all the necessary paperwork to complete the transaction.

Q: How is my investment processed?

A: With the recent BC Security Commission changes, all new investments for Mortgage Investment Corporations, including Canguard Mortgage Investment Corporation, will be processed by an Exempt Market Dealer. We will put you in touch with our EMD to assist you in your new investment.

 

We Deliver Security, Growth & Income