Self Employed Mortgage

Flexible Income Verification

Full‑Doc (2 yrs in business): 2 yrs Notices of Assessment & T1 Generals.

Enhanced “Stated” Programs (12–24 mos): 6–12 mos business bank statements + CPA letter—ideal when write‑offs shrink taxable income.

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< 2 Years in Business: Alt‑Doc or B‑lender programs using 12 mos bank deposits, signed contracts, or projected gross revenue, plus a larger down payment (10–20 %) and stronger credit.

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Smart Qualification Tactics

We gross‑up eligible income by up to 15 % and add back depreciation, amortization, and one‑time expenses to boost borrowing power.

Up to 80 % of rental income on side properties can further strengthen your file.

 

Down‑Payment & CMHC Rules

Same minimums as salaried borrowers (5 % on first $500 k; 10 % on $500,001–$999,999), but some lenders require 10 %+ for self‑employed—especially under 2 yrs.

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CMHC/Sagen/Canada Guaranty have Self‑Employed Without Traditional Income Verification options once you pass 12 mos in business.

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Competitive Products

1‑ to 5‑year fixed and variable terms, Home Equity Lines (HELOCs) for working capital, and interest‑only options to smooth cash‑flow swings.

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Tax & Cash‑Flow Guidance
We liaise with your accountant so income planning, GST/HST obligations, and future refinancing line up seamlessly.

 

Documentation Checklist
2 + yrs self‑employed:    2 yrs Personal NOAs & T1s, 2 yrs Financials (incorporated)    Corporate T2s, rent rolls
12–24 mos self‑employed:    12 mos business bank statements, current year interim financials, CPA income‑projection letter    Signed contracts or invoices showing future revenue
< 12 mos self‑employed:    6 mos business deposits, detailed business plan, larger down payment proof    Guarantor income or secondary salaried income

Quick Tip: Even at under two years, a solid credit score (>680) + 10–20 % down and clear growth trajectory can unlock near‑prime rates with certain lenders.