Self-employed? You may qualify for more than your tax return shows.
The write-offs and tax planning that keep your bill low also make your income look smaller to a bank. See what a self-employed-friendly lender could actually work with — whether you're a sole proprietor or incorporated. No email needed to see your numbers.
How is your business set up?
It changes how lenders read your income, so it matters.
What's your net self-employed income?
The income on your tax return after write-offs (line 15000), averaged over your last two years. This is what a bank uses by default.
$80,000
How much profit stays in the corporation?
After paying yourself, the profit your company keeps each year (retained earnings). A few specialist lenders can add back part of this.
$80,000
How much have you saved for a down payment?
Include savings, investments, or a gift you'll put toward the purchase.
$60,000
What are your monthly debt payments?
Car loans, credit cards, lines of credit. Don't include business expenses.
$600/mo
How long have you been self-employed?
Most gross-up and add-back programs need a two-year track record.
A couple of details.
We'll use today's ballpark rate — your real rate depends on your full picture.
Your estimate
You may qualify for about
$0
Income the bank typically uses$0
Income a self-employed-friendly lender may use$0
What a bank sees you affording$0
What you may actually qualify for$0
Estimated monthly payment$0
Been told "no" before? Let's find your real number.
This is an estimate. In a free 15-minute call we'll look at your actual returns (and corporate financials, if you're incorporated) and which lenders fit. Your accountant keeps your taxes low; my job is making sure that doesn't cost you the mortgage.
Your details stay private — I'll never sell your info or spam you.
All figures are estimates for illustration only, based on standard Canadian lending guidelines (GDS/TDS limits, semi-annual compounding, the mortgage stress test). For sole proprietors and partnerships, CMHC allows a 15% gross-up of net income (generally with ~2 years of self-employment). Incorporated owners are typically qualified on the salary and dividends they pay themselves; only a few lenders will add back a portion of retained corporate earnings (commonly ~40–60%), usually requiring 2+ years and 20%+ down, and stated/added-back income must be reasonable for the business. Actual approval, rate, and amounts depend on your full application and lender.