Self Employed

Self Employed

We often wonder why it’s difficult for self employed to obtain a mortgage when nearly 20% of all income earners in Canada are self employed.  This is because income is not always easy to prove. 

Many business owners expense as much as possible to reduce their taxable income.  This makes it difficult to qualify for the mortgage.  I understand business owners because I’m self employed as well! 

I have a range of mortgage options in which you may not be required to prove your income and a reasonable estimate of your annual income will be acceptable.I’m here to help you get the financing you require… give me a call today.


required documents


Sole Proprietorship and Partnerships

  • Business License
  • 6 months bank statement
  • Void check
  • 2 pieces of ID
  • Any network documents (if applicable)


  • Articles of Incorporation
  • 6 months bank statement
  • void check
  • 2 pieces of ID
  • any network documents (if applicable)

Keep in mind the following may be required

  • May need a larger down payment
  • may need a co-signor

How stricter lending rules affect self employed Canadians

In addition to reducing the amortization period and raising the minimum down payment required to purchase a home, in 2014, the Canadian Mortgage and Housing Corporation (CMHC) discontinued mortgages for those who are self-employed without third-party validation. Before that, self-employed Canadians and contractors only had to state their income. But not anymore.

This made the home ownership dream for hundreds of thousands of Canadians more difficult. That’s because 2.76 million Canadians are self-employed; a whopping 15% of the country. And more and more Canadians step into the ranks of the self-employed every year.

Unfortunately, the big banks don’t really help entrepreneurs and view them as risky. Because you are a self-employed entrepreneur, and might draw a smaller income for tax purposes, the banks think there’s a greater chance that you’ll default on your mortgage.

I pride ourselves in being an expert when it comes to arranging self employed mortgages because I am self employed just like you. If you are Self employed, I have a mortgage solution for you.

Are you self employed or a sub contractor turned down for a mortgage due to low income on NOA?

I can get you approved using your bank statement income!

  • Home Purchase
  • Refinance
  • Debt Consolidation
  • Investment Property
  • Home Equity Loans
  • Commercial Property
  • Home Equity Line of Credit
  • More!