Hosper Mortgage Investments is a fully licensed mortgage administrator recognized by FSCO. We comply with all CRA requirements regarding tax reporting and audit. For the convenience of our investors we can provide a statement of earnings to assist with their annual tax filings. However, since all our investments are direct mortgage investments, there is a self-reporting obligation on each investor to self-report their interest income received from the borrower. Hosper Mortgage does directly not report investment income to the CRA or issue a T5 statement. We advise each investor to consult an accountant to obtain proper taxation advice based on your specific circumstance. There can be no guarantee that the current tax position prevailing at the time of an investment will not change.
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