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Are shares in Sun Country MIC RRSP eligible?

country eligible mic RRSP Shares Sun
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Are shares in Sun Country MIC RRSP eligible?

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Sun Country MIC shares are an eligible investment for deferred investment plans, including RRSPs and RPPs. Particularly attractive for registered plans, a MIC does not pay any tax when its income is flowed out as dividends while plans do not pay any tax when they receive dividends. Beneficiaries only pay tax when they collapse their plans and actually receive the funds therein. Canadian tax rules prohibit Personal Registered Plans from borrowing funds, a MIC however, can borrow funds. Therefore plans can enhance their income capability by leveraging their available capital.

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