Practical guides for private mortgage lenders
Plain-language explanations of the calculations, files and rules behind private lending.
How to do a three-way trust reconciliation for mortgage trust accounts
A step-by-step guide for Canadian mortgage brokerages, administrators and private lenders: what a three-way reconciliation is, how to prepare it each month and the mistakes that cause it not to balance.
How to calculate a mortgage payout (discharge) statement
A worked example for private lenders: principal, accrued interest and per diem, arrears, fees and prepayment penalty — and the rounding mistakes that make payout figures disagree.
Semi-annual compounding and the Interest Act: calculating blended mortgage payments in Canada
Why Canadian blended-payment mortgages compound semi-annually, how to calculate the payment, and how much the difference from monthly compounding is on a real example.
T5 slips for private mortgage investors: who files, what to report and when
How T5 reporting works when a MIC, administrator or private lender pays mortgage interest to investors: the $50 threshold, what goes in box 13, deadlines and the records you need all year.
FINTRAC for private mortgage lenders and administrators: an overview
Mortgage lenders, brokers and administrators became FINTRAC reporting entities in October 2024. An overview of the compliance program, client identification, record keeping and reporting obligations.
CPA-005 PAD files explained: collecting mortgage payments by pre-authorized debit
How Canadian private lenders collect payments by PAD: the CPA-005 file standard, PAD agreements under Payments Canada Rule H1, returns and NSFs, and how to keep it from becoming a monthly spreadsheet job.
How monthly interest distributions to mortgage investors work
For MICs, syndicators and administrators: how to split collected interest between investors and the company, what to do when a borrower doesn't pay, and how fees and sub-investors fit in.
See your loan book in Amortivo.
A 30-minute walkthrough with your own scenarios — origination to investor payout.