Frequently Asked Questions
How long has Fisgard been in business?
Fisgard was incorporated in 1994, evolving out of years of mortgage lending and investing dating back to 1968.
How am I taxed?
Your returns are taxed as interest, not dividends.
Can I invest through my RRSP or TFSA as well as cash?
Yes, Fisgard is an investment for all Canadian registered plans, examples being the RRSP and Spousal RRSP, RRIF, TFSA, RESP, RDSP, LIF, LRIF, LIRA and IPP. Many Fisgard investors invest both cash and registered funds.
Can I transfer my registered plan to Fisgard?
Yes you can. We handle the transfer for you.
How long is my money committed?
Your funds are committed for 1 to 5-years. You choose. On joint investments Fisgard offers a Compassionate Early Redemption that allows a surviving spouse to redeem the investment earlier than its due date.
What fees are associated with investing?
At Fisgard there are no start up fees associated with opening an account. RRSP and RRIF accounts cost $100 per year for the primary plan-holder and $75 per year for the secondary plan-holder (such as the Spousal RRSP or Spousal RRIF). Fisgard’s RESP costs $24 per year and its TFSA costs $36 per year.
Are investors notified of when their investment is due?
Yes, with each Quarterly Statement investors are provided details of investments maturing the following quarter.
How is my investment secured?
Fisgard investors are value investors. They are long-term thinkers who have faith in the enduring value of Canadian real estate property. They are not interested in the quick buck, volatility and its associated risks.
They like regular income and growth through compound interest. Fisgard’s investments are secured by valuable Canadian real estate and personal guarantees of mortgage borrowers.
What is the typical investment amount?
There is no ‘typical’ investment amount. You may invest as little as $1,000 and you may make monthly contributions to your investment account.
What kind of mortgages does Fisgard invest in?
Our mortgages are secured by Canadian real estate located in Western Canada, primarily in BC and Alberta. We lend based on the value of property and credit-worthiness of our borrowers.
Does Fisgard have a succession plan?
Yes. An important feature of Fisgard’s business is succession planning. We have been in business for a long time and we will be for many years to come. We are 3-deep at all company positions.