Self-employed
Your income is real. Let's show it that way.
For business owners, contractors and commission earners whose income doesn't fit a pay stub.
Overview
How I can help
If you're self-employed, lenders usually look at the income on your tax return after your business write-offs. Smart write-offs lower your taxes, but they can make your income look smaller to a lender.
How your income is presented matters. I'll help you gather the right documents, find lenders that understand self-employed borrowers, and explain your options clearly.
Step by step
What working together looks like
Review your income
We look at your tax returns the way a lender will.
Gather documents once
A clear checklist, so you only send things one time.
Find the right lender
Some lenders are more flexible with self-employed income than others.
Plan ahead
If you're buying in a year or two, we can plan before your accountant files.
What to have handy
- Two years of T1 General tax returns and Notices of Assessment
- Your business licence, or articles of incorporation if incorporated
- Business financial statements, if incorporated
- Six months of business bank statements
- Proof that your personal taxes are paid up
Please don't email ID or bank statements. I'll share a secure way to send them.
Good to know in Alberta
- Most lenders want two years of self-employed income, but some have programs for newer businesses, often in the same line of work.
- Some lenders look at your business income more broadly, usually with a larger down payment.
- Having your taxes filed and paid up makes approval much smoother.
Questions
Self-employed: common questions
Can I get a mortgage if I'm self-employed?
Yes. Many self-employed Albertans do. Lenders usually want two years of tax returns and Notices of Assessment, and some have programs for people with less time in business.
Why does my income look lower to lenders?
Lenders usually start with the income on your tax return, after write-offs. Some lenders can look at your business more broadly, which is why choosing the right lender matters.
Do I need a bigger down payment?
Not always. With two years of strong tax returns, the usual minimums can apply. Some flexible programs ask for more down.
When should I talk to you?
Ideally before your accountant files your next return, if you plan to buy in the next year or two.
Keep exploring
Where to next?
Let's talk about your plan.
A free, no-pressure first call. No credit check, no paperwork.