MCAN Mortgage Corporation (MCAN) is a loan company and a mortgage investment corporation. It invests its funds in a portfolio of mortgages, including single-family residential, residential construction, non-residential construction and commercial mortgages, as well as other types of financial investments, loans and real estate investments. MCAN employs leverage by issuing term deposits eligible for Canada Deposit Insurance Corporation (CDIC) deposit insurance up to a maximum of five times capital (on a non-consolidated tax basis) as limited by the provisions of the Tax Act applicable to a MIC. The term deposits are sourced through a network of independent financial agents. MCAN’s wholly owned subsidiary, Xceed Mortgage Corporation (Xceed), focuses on the origination and sale to MCAN and third party mortgage aggregators of residential first-charge mortgage products across Canada.