EquityLine MIC Series B and Series F Preferred Shares 

Welcome to the EquityLine Mortgage Investment Corporation (MIC). Our MIC is a way for people to come together and invest in real estate to an amount that best suits their individual financial plan. How is this accomplished? The accumulated pool of money is invested in carefully selected mortgages backed by real estate properties. The interest from those mortgages is paid to investors in the form of a monthly dividend.

Series B and F Preferred Shares Overview (as of April 2021)

We encourage you to review our Series B and F Preferred Shares video and the supporting documents below. 

Monthly Dividends 

EquityLine Mortgage Investment Corporation (EquityLine MIC) provides investors an opportunity to generate a stable, predictable monthly dividend. 

Investors participate in a pool of 1st and 2nd mortgage investments on prime urban residential properties in the Southern Ontario region of Canada.

Taxation of  Dividends

Under Section 130.1 of the Income Tax Act (Canada), mortgage investment corporations (“MIC”) such as EquityLine MIC do not pay income tax as long as 100% of the profits/dividends they earn are given to their shareholders. Normally, these dividends are taxed in the shareholders’ hands as interest. This tax treatment of MICs by the Canada Revenue Agency avoids the double tax that corporations pay on interest income.

Deferred Income Plan Eligibility

Our Series B Preferred Shares and Series F Preferred Shares are considered qualified investments under the Income Tax Act (Canada) for a trust governed by a registered retirement savings plan (“RRSP”), a registered retirement income fund (“RRIF”), a deferred profit sharing plan, a registered disability savings plan (“RDSP”), a tax-free savings account (“TFSA”) and a registered education savings plan (“RESP”) (collectively, “Plans”), provided that the Corporation qualifies as an MIC throughout the taxation year and further provided that, at any time in the relevant calendar year, the Corporation does not hold any indebtedness, whether by way of mortgage or otherwise, of a person who is an annuitant, a beneficiary, an employer or a subscriber under (or a holder of) the Plan or of any other person who does not deal at arm’s length with that person.

Investing in an MIC like EquityLine MIC can be attractive for these kinds of Plans because MICs are not subject to taxation and Plans do not pay any tax on the interest they are estimated to receive. It is important, however, to speak with your financial and tax advisors before investing in an MIC to determine if it is a suitable investment for you and your Plan.

Redemption Rights

See our Offering Memorandum dated May 7, 2021 for redemption rights, specifically item 5.0 starting on page 46. 

Other Key information

We encourage you to learn more about EquityLine through the materials on this website. General background of the Corporation, our team, our investment strategy and risk factors can be found under the main headings “EquityLine MIC” and “Corporate”. Our corporate governance committees, charters and polices are provided under the subheading “Corporate Governance” under the main heading “EquityLine MIC”. Copies of other key documents including our unaudited quarterly financial statements and audited annual financial statements can be found under the subheading “Documents” under the main heading “Public Documents”.


Our Series B and Series F Preferred shares are available to qualified Canadian investors namely, Accredited Investors or Qualified Investors under the Offering Memorandum Exemption, as those terms are defined by National Instrument 45-106 – Prospectus Exemptions in Canada. Purchases can be made through Canadian registered dealers.

Restrictions On Transferability And Resale

The Series B and F Preferred Shares are subject to restrictions respecting transferability and resale, including a restriction no shareholder can trade the shares before the date that is four months and a day after the date the Corporation becomes a reporting issuer in any province or territory of Canada.

The Corporation is not a reporting issuer in any province or territory of Canada, and therefore the investors are subject to an indefinite hold period. 

How To Become A Shareholder

A registered Dealing Representative or licensed Finanancial Advisor can help you determine whether investing in EquityLine MIC  is suitable for you. Contact us for names and locations of Dealers contracted to sell EquityLine MIC. 

Contact Us to Learn More