Morrison Financial

When was the last time you reviewed what's actually in your RRSP?

For many Canadians, the account was set up years ago, often at a bank, and continues to hold the mutual funds selected when it was first opened. Decades pass. The holdings rarely change.

For investors approaching retirement, the more useful question isn't whether to keep contributing. It's whether what's already in there is still the right fit.
Our latest article looks at one part of that question that rarely comes up in standard bank reviews: what an RRSP can legally hold beyond mutual funds, why interest income is well-suited to a registered plan, and what investors should ask before adding a private mortgage fund to a retirement portfolio.

The carousel above covers the key points. Full article in the comments.

Morrison Financial recently completed financing for three condominium corporations across Alberta and Ontario, totalling $2.2M. The loans support a range of capital needs from major exterior and balcony repairs to reserve fund replenishment. Each loan was structured around the corporation's reserve fund study, repair timeline, and unit-owner affordability - providing condominium boards with an alternative to large one-time special assessments.

Learn more about our condominium corporation loans at https://morrisonfinancial.com/condo-term-loans/



Learn more about a funded condominium corporation - https://morrisonfinancial.com/mortgage-lending/funded-mortgage-loans/

Ontario's enhanced HST rebate removes the full 13% HST on qualifying new homes for a 12-month window - up to $130,000 back for first-time buyers, move-up buyers, and investors.

The mechanics matter more than the headline. The rebate doesn't reduce builder revenue; it shifts the tax carry from buyer to government, letting developers lower advertised prices without compressing margins. On a $1,000,000 home, that's roughly $106,000 of buyer savings funded entirely by the rebate.

But eligibility hinges on three hard dates: APS signed between April 1, 2026 and March 31, 2027; construction started by December 31, 2028; substantial completion by December 31, 2031 (or December 31, 2029 for owner-built homes). Miss any of them and the rebate collapses to the legacy $24,000 cap.

Our full breakdown - including how lenders should be underwriting projects priced off the enhanced rebate - is on the blog: https://morrisonfinancial.com/ontarios-enhanced-hst-rebate-what-it-means-for-developers-buyers-and-lenders/

Consistent performance begins with careful underwriting. Our latest fund results for period ending Q1 2026 continues to reflect that discipline in practice.

12-month trailing compounded returns as of month ending March 2026:

Junior Fund - 9.27%
Senior Fund - 7.12%

Asset-backed, privately structured, and focused on long-term reliability.

For information, please contact Tarik Ansara — 📧 [email protected]

Disclaimer:

This post is for information purposes only and does not constitute a solicitation to buy or an offer to sell securities, nor shall it form the basis of an act as any inducement to enter into a contract or commitment. Any offering is made only pursuant to the relevant offering documents, all of which must be read in their entirety. Introductions are permitted exclusively through registered dealers. Morrison Financial has retained Belco Private Capital (“Belco”) an exempt market dealer. For offering documents and subscription information, and to discuss whether this investment is suitable for you, please contact Tarik Ansara, a registered dealing representative with Belco, at [email protected].

The Morrison Financial Mortgage Income Funds are managed by a team that has been active in Canadian real estate finance since 1987. In the Company’s almost four decades history, it has earned the trust of a wide variety of investors. Not only has it successfully managed investments from smaller, individual clients, but also some of Canada’s largest financial institutions and asset managers.

By applying the same conservative risk management approach across everything it does - it has been able, not only to protect capital, but also to generate attractive and stable sources of income for its investors.

The business of charging interest on mortgages secured by real estate is nothing new or exciting. It is a tried-and-tested strategy that relies on the manager's experience and discipline.

Morrison Financial

Ontario's condo infrastructure is aging faster than reserve funds can keep up. Construction costs have consistently outpaced CPI, and the regulatory environment around reserve fund adequacy is only getting more prescriptive. The gap between what's in the fund and what a major repair actually costs has to be funded - the question is how.

Special assessments have always been the default. But a large lump-sum call on short notice puts real pressure on unit owners - and boards are increasingly looking for alternatives. Condominium corporation loans distribute that cost across time, aligning repayment with the useful life of the asset. We break down how it works, what the legal framework looks like, and what boards should weigh as they determine next steps.

Warmest Easter wishes from all of us at Morrison Financial. As we celebrate this season of new beginnings, we are grateful for the strong partnerships we’ve built together. Wishing you and your family a wonderful holiday filled with peace and joy.

There's a concept in retirement planning called sequence-of-returns risk. It's not about what your average return is - it's about when losses may occur within your investment lifetime.

Two portfolios can have identical average returns over a decade and end up in different places, depending on whether the losses came early or late.

While you're still working and saving - the accumulation phase - early losses have time to recover. But once you're retired and drawing down - the decumulation phase - early losses carry more weight. Inside a RRIF, the CRA's mandatory withdrawal schedule continues regardless of market conditions. A down year means both a market loss and a forced sale. The capital available for recovery is smaller, and the withdrawal rate the following year is higher.

We broke this down across three scenarios starting with $1,000,000 at age 71.

Swipe through to see how the math works.


Disclaimer:

This material is not financial advice and is for informational and educational purpose only. All projects are hypothetical illustrations based on stated assumptions and do not represent actual investor outcomes. Introductions to the Morrison's Funds are to be conducted exclusively by registered dealers. Morrison Financial has retained Belco Private Capital Inc. as its exempt market dealer. All new or additional investments must be conducted through a registered dealing representative of an exempt market dealer.

Most Canadians spend decades building their RRSP for retirement. Far fewer think about what changes when it converts to a RRIF when they turn 71. From that point on, the CRA requires a minimum withdrawal every year; 5.28% at age 71, rising each year after that.

Inside a registered account like RRSP and RRIF, interest income is not penalized the way it is in a non-registered account. Therefore, investors can fully benefit from high yield fixed income vehicles.

We broken down this topic with real numbers to help you plan for the future. Swipe through to learn more.

As we close out another year, the numbers speak for themselves. At Morrison Financial, our focus has always been on delivering consistent, risk-adjusted returns to our investors. The market continues to evolve, but our principle has remained the same: discipline matters. 2025 was no exception.

Key Highlights from the Q4 2025 Report:

- Institutional Recognition: A major firm with $7B in assets added our funds to its product shelf. Over 160 professional portfolio managers now have access to Morrison Financial’s products.

- Consistent Income: We continue to deliver premium monthly return to our investors.

Senior Fund (12-month trailing return): 7.08% annualized (7.32% with DRIP)

Junior Fund (12-month trailing return): 9.08% annualized (9.47% with DRIP)

- Capital Preservation: Our portfolio’s weighted average LTV remains conservative at approximately 53%, providing a strong cushion for our investors.

- Leadership Continuity: Matthew Solda, along with other members of the leadership team have taken on an expanded role in day-to-day operations.

- Performance since Inception: $100,000 invested in the Junior Fund at inception would now be approximately $153,140 — over 53% total return.

Over the next year, we plan a series of investor-focused initiatives, including webinars, in-person gatherings, and opportunities to visit select construction projects firsthand.

For a comprehensive look at our year-end data, portfolio statistics, and management commentary, you can access the report here:

https://info.morrisonfinancial.com/morrison-q4-2025-yearendreport