Getting a mortgage when you're self-employed

Last updated October 24, 2026

What lenders look for, the documents to gather, and how to make approval smoother.

If you own a business, work on contract or earn commission, getting a mortgage can feel harder than it should. The good news: it's very doable with the right preparation and the right lender.

Why it feels harder

Lenders usually look at the income on your tax return, after your business write-offs. Smart write-offs lower your taxes, but they can also make your income look smaller to a lender. How that income is presented matters.

Documents to gather

• Two years of T1 General tax returns and Notices of Assessment.
• Your business licence, or articles of incorporation if you're incorporated.
• Business financial statements, if you're incorporated.
• Six months of business bank statements.
• Proof that your personal taxes are paid up.

Options that can help

• Some lenders have programs for borrowers with less than two years in business, often in the same line of work.
• Some lenders look at your business's income more broadly, often with a larger down payment.
• Adding a co-signer or a larger down payment can strengthen an application.

Tips for a smoother approval

• File your taxes on time, and keep any tax owing paid up.
• Keep business and personal banking separate.
• Talk to a mortgage professional before your accountant files, if you're planning to buy in the next year or two.

General information only, not financial, legal or tax advice. Rules and programs change, and lenders set their own criteria. Checked October 2026.

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