Home / Self-Employed & Newcomers
Your income is real. Let’s show it properly.
Business owners, contractors, commission earners and newcomers to Canada can qualify. It’s about matching your file to the right lender.
Income from many sources?
I’ll map it to the right lender
Self-employed
Owners, contractors, commission
New to Canada
Permanent residents, work permits
Other income
Rental, investment, multiple sources
The goal
The best lender your file qualifies for
Self-employed
Options beyond line 15000.
Two-year history
Most lenders want two years of self-employment. I present the full picture, including allowable add-backs.
Stated income programs
Some lenders accept reasonable stated income supported by bank statements, often with a larger down payment.
Insured options
With fully documented income, you can qualify for insured mortgages with less than 20% down.
Documents that help
Two years of T1 Generals and Notices of Assessment
Business licence, articles of incorporation or HST registration
Six to twelve months of business bank statements
Financial statements, if incorporated
New to Canada
A short Canadian history doesn’t have to stop you.
Several lenders and insurers offer newcomer programs for people who arrived in the last five years, with flexible credit requirements.
Permanent resident card or work permit
Employment letter and recent pay stubs
90 days of bank statements showing your down payment
Rent and utility payment history, if your credit file is thin
Not ready yet? I’ll give you a clear plan for the next six to twelve months.
Questions
Good questions, plain answers.
Don’t see your question? Ask me directly.
I write off most of my income. Can I still qualify?
I’ve been self-employed for less than two years.
I just moved to Canada. When can I buy?
Will my rate be higher?
Tell me how you earn. I’ll find the right lender.
Book a free, no-obligation consultation. You’ll leave the call knowing your options and your next step.
Free
No obligation
No credit check to start