Your Bank Wants a T4. Your Business Doesn't Work That Way.
Being self-employed makes mortgages harder. It doesn't make them impossible. I know what every lender on my roster needs to see — and how to document your income in the way that gets approvals.
Self-employed comes in many forms
What lenders look for
Self-employed mortgage questions
How long do I need to have been self-employed to get a mortgage?
Most lenders require a minimum of two years of self-employment history, documented through tax filings. Some alternative lenders will consider applicants with one year of self-employment history under certain conditions.
Will my rate be higher because I'm self-employed?
If you qualify through standard lending on fully declared income, the rates are the same as any other borrower. Alternative lending (for lower stated income situations) carries a slight rate premium. I'll show you the actual numbers upfront.
What documents do I need?
If you're incorporated: two years of personal T1 Generals, Notices of Assessment, corporate financial statements, and articles of incorporation. If you're a sole proprietor: T1 Generals, Statement of Business Activities (T2125), and Notices of Assessment. I give you a specific list based on your situation.
What if my income varies year to year?
Lenders typically average your income over two years. If one year was significantly stronger or weaker than the other, I can advise on how to present your file in the most favourable light within what's accurate and compliant.
Ready to Get Started?
Fill out a quick application and I'll be in touch within one business day. No commitment, no pressure — just an honest conversation about your options.