MCAN Mortgage Corporation
MCAN Mortgage Corporation (TSX: MKP) is trading at CA$20.92, about ₹1,415 at today's CAD/INR rate, as of 29 Sep 2026, 4:00 PM ET, down 0.95% today. Indian residents can buy MCAN Mortgage from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
CA$20.91
Today's high
CA$21.20
52 week low
CA$20.26
52 week high
CA$26.68
MKP opened at CA$21.16, closed previously at CA$21.12, and has traded between CA$20.26 and CA$26.68 over the past 52 weeks.
About
MCAN Mortgage Corporation is a Canadian financial entity that specializes in mortgage and loan investments. Its extensive lending activities encompass financing for single-family homes, capital for both residential and commercial construction projects, and general commercial loans. Beyond direct lending, the corporation also participates in real estate investment trusts and engages in various private investment ventures. To fund these operations, MCAN provides term deposits, made available through a network of independent financial agents. Established in 1980, the company is based in Toronto, Canada, and adopted its current name, MCAN Mortgage Corporation, in September 2006, having previously operated as MCAP Inc.
Key statistics
Avg. volume
79.24K
Market cap
CA$851.46M
P/E Ratio
9.91
Price-to-sales ratio
2.66
Enterprise value
CA$4.21B
Free cash flow yield
120.07%
Debt-to-equity ratio
5.55
Return on equity
11.61%
ROIC
1.77%
Beta
0.66
Dividend yield
8.13%
Last dividend
CA$1.70
Financial overview
Revenue
CA$295.21M
Earnings per share
CA$1.89
Free cash flow
CA$1.07B
Net profit margin
26.55%
Gross margin
60.32%
EBITDA
CA$150.13M
Revenue growth
-1.02%
Similar securities
This is not an investment recommendation
How to buy MCAN Mortgage from India
Indian residents can buy MCAN Mortgage shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to CAD.
Search for MCAN Mortgage and place an order
Find MCAN Mortgage by name or by its ticker, MKP, and choose an order type. MCAN Mortgage trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your MCAN Mortgage position in CAD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in MCAN Mortgage from India
Trading and taxes when buying MCAN Mortgage from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. MCAN Mortgage’s current yield is 8.13%.Dividend tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy MCAN Mortgage stock?
Yes. MCAN Mortgage (MKP) has been listed on the Toronto Stock Exchange since 1996, in the Financial - Mortgages industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to CAD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one MCAN Mortgage share cost in rupees?
One MCAN Mortgage share is CA$20.92 — about ₹1,415 at a CAD/INR rate of 67.65 on 29 Sep 2026. Both the MCAN Mortgage price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying MCAN Mortgage from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
How are gains on MCAN Mortgage shares taxed in India?
Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the CAD/INR rate on the purchase and the sale date, so the rupee move counts alongside the MCAN Mortgage price. Paasa issues a capital-gains statement for your return.
Does MCAN Mortgage pay a dividend, and how is it taxed in India?
Yes. MCAN Mortgage pays a dividend and the current yield is 8.13%; the last declared dividend was CA$1.70 per share, about ₹115.00. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade MCAN Mortgage from India?
The Toronto Stock Exchange trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when Canada is on standard time. Orders can only execute during that window.
Do I have to declare MCAN Mortgage shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your MCAN Mortgage holding, its cost and its closing value.
How do I sell MCAN Mortgage and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in CAD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.
Does the rupee rate affect what I make on MCAN Mortgage?
Yes. MCAN Mortgage is priced in CAD, so your rupee outcome combines the CAD move with the CAD/INR move between the day you remit and the day you convert back. Both directions are reflected in the capital-gains statement Paasa issues.