Mortgage Investment Corporations (MIC) are tax exempt investment corporations that allow people to pool their money in order to invest in Canadian residential and commercial mortgages. MIC’s allow investors access to unique mortgage portfolios through their management teams that do everything from hand-picking the mortgages to the day-to-day administrative responsibilities. This makes investing in MIC’s a stress-free alternative to investing in “bricks and mortar” real estate. As a tax exempt corporation, a MIC pays 100% of its net income out to its investors in the form of dividends. MIC’s are great investment vehicles for those seeking similar returns to the stock market without taking on the same amount of risk.