Self-Employed Mortgages in Canada
Business owners and self-employed Canadians often face challenges with traditional banks. We have specialized programs using business financials, bank statements, and alternative documentation — so your mortgage reflects your real income, not just what you report to the CRA.
Strategy Call
Discuss your goals and financing needs
Get Pre-Approved
We match you with the right lender
Close Your Deal
Fast closings with expert support
Mortgage Solutions That Understand Business Owners
Traditional banks look at your reported income and reject you because your accountant did their job. We work with lenders who look at the full picture — your real revenue, your business trajectory, and your ability to service the mortgage.
Stated Income Programs
Declare a reasonable income for your profession without providing full tax documentation. Ideal for business owners who minimize taxable income through legitimate write-offs.
Bank Statement Qualification
We average your business bank deposits over 6-12 months to determine qualifying income. No tax returns or NOAs are required.
Business Financial Analysis
Our team analyzes your business financials, contracts, and revenue trends to present the strongest possible application to lenders.
Income Gross-Up Programs
Some lenders gross up your reported line 150 income by 15-25% to account for business write-offs, increasing your purchasing power significantly.
A-Lender & B-Lender Options
We start with A-lenders for the best rates, as several major banks and monoline lenders now have dedicated self-employed programs.
Professional & Contractor Programs
Specialized programs for doctors, lawyers, accountants, consultants, and other professionals with irregular or commission-based income.
Self-employed and ready to buy?
Let's find a program that works with your real income.
Self-Employed Mortgage Requirements
Qualifying for a mortgage as a self-employed Canadian depends on the program type. Here are the general requirements across stated income, bank statement, and traditional self-employed programs.
Requirements
- Minimum 2 years of self-employment history confirmed by CRA business registration, articles of incorporation, or NOAs
- Valid business license, GST/HST registration, or professional designation confirming active business operations
- 6-12 months of business bank statements showing consistent revenue deposits for bank statement qualification programs
- T1 General tax returns with T2125 (Statement of Business Activities) for the most recent 2 years for traditional applications
- Minimum credit score of 600 for A-lender programs, with B-lender options available for scores of 550 and above
- Down payment of at least 10% for stated income programs or 20% for some alternative documentation programs
- Declared income must be reasonable and verifiable against industry norms for your profession and location
How We Help
- We analyze your financials across stated income, bank statement, and traditional programs to maximize your purchasing power
- Our team prepares your application package with a detailed income narrative that helps underwriters understand your true earning capacity
- If your reported income is low due to write-offs, we identify lenders offering 15-25% income gross-up programs
- We start with A-lender rates and only recommend B-lender programs when the flexibility justifies the slightly higher rate
- For newer businesses under 2 years, we explore exceptions for professionals with prior industry employment experience
- Our documentation checklist is customized to your business type (sole proprietor, incorporated, partnership, or contractor)
- We provide a clear comparison of your qualification amount under each program so you can make an informed decision
Questions About Self-Employed Mortgages
Qualification Basics
Income & Documentation
Business Types & Rates
Book a Free Strategy Call
Talk to an Expert