Hera Investment Funds Inc. is a mortgage investment corporation or “MIC” as defined by Section 130.1 of the Income Tax Act. A MIC is a company organized to allow individuals to invest in a pool of diversified and secured mortgages. Earnings are distributed quarterly by way of dividends, but are treated in the hands of the shareholders as interest income. Provided the company maintains its status as a MIC, it will pay no corporate income tax on normal revenues.
Hera Investment Funds Inc. is a fully integrated mortgage lending company, providing alternative investment choices which are Registered Retirement Savings Plan (RRSP), Registered Retirement Income Fund (RRIF), Registered Education Savings Plan (RESP), and Tax-Free Savings Account (TFSA) eligible.
Hera Investment Funds was founded in 2014 by Afshin Doust and is currently being professionally managed by Stella Liao, CPA and Pourang Taheri (Chief Financial Officer), with the help of Michael Provenzano (Securities Lawyer), Jeff Kuhl (Real Estate Lawyer), & Fairhall Zhang & Associates Ltd.(Auditors).
Over the past 7 years, Hera Investment Funds Inc. has delivered balanced and reliable returns to its investors. We are proud to enjoy the trust and confidence of our investors and always welcome new investors to join our fund.
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