How MIC Investments May Fit Into a Retirement or Passive Income Strategy

Many retirees and income-focused investors turn to MICs as a source of cash flow.

MICs are designed to generate distributions often better returns that GICs. This makes them a complement to traditional retirement holdings like bonds or dividend stocks.

Since MICs can be held in RRSPs, TFSAs, and RRIFs, investors can also enjoy tax-efficient growth or income.

For example, holding MICs in a TFSA means monthly distributions are completely tax-free.

A common strategy: retirees use MIC income to cover expenses, while other investors reinvest dividends for compounding growth.

If you are interested in investing, we will connect you with a registered exempt market dealer who can walk you through the investment process. Past performance is not intended to provide an indication of future performance.