SMART MORTGAGE SOLUTIONS

Self-Employed Mortgage

Show Your Income. Prepare With Clarity.

Prepare your business and income documents so your self-employed mortgage application can be reviewed more clearly before you complete the external form.

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Monthly Payments
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Guidance Before
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in Ontario
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View Requirements

— WHAT YOU'LL NEED —

Documents Needed

Get the ones that apply to you before completing your application

Employment & Income

  • If you receive work from a specific employer, request a job letter and the last 2 months' pay stubs.
  • Ask to your accountant for a recent letter of employment, stating hourly and annual salary, bonuses, commissions, extra hours, any other revenue if you have, company name, job title, type of employment (full-time, part-time, seasonal, casual) contact person name and signature, company address, telephone number and email address.
  • Last 2 months of paystubs.
  • Last 3 notice of assessment (NOA) for each applicant, send any applicable tax slips T1, T2, T3, T4, T4A, T4E, T5, and so on.
  • Last 3 months of your bank statement showing up your downpayment amount
  • Last 12 months of your bank statement, if you receive cash payments and they are deposited in your bank account
  • Updated company legal documents.
  • Last year of your HST declaration.
  • Financial statements, if available.
  • Other income statements, if you have such as guaranteed investment certificates (GICs), other general investments, other jobs, child, spousal support (Alimony), Ontario disability support program (ODSP), Canada child benefit (CCB), old age security (OAS), Canada pension plan (CPP), Ontario Public Service Pension Plan (PSPP), Quebec pension plan (QPP)

Property & Mortgage

  • Property Insurance quote/policy
  • Municipal property tax bill
  • Assignment of agreement of purchase and sale
  • MLS listing page

Rental, Condo & Additional Property

  • If you have rental properties, send leasing and mortgage contracts
  • If you are going to rent your basement or have Airbnb rentals, send leasing contract draft, rental city registration, municipal building permit
  • If is a condo, send maintenance agreement

Identification & Investor
Requirements

  • 150% amplified photocopies of driver’s license front and back and passport for each applicant on property title, in PDF format.
  • Send your resume, portfolio of completed jobs, and company website if you have
Attention

Only submit documents that apply to your situation. Our team can help you to clarify anything you're unsure about before you complete the next external window.

— IMPORTANT DETAILS —

Before you continue

Please review a few important questions about your business, income history, property, credit, debts, and financial situation. These
details help us understand which self-employed mortgage options may apply to your application.

Continue to Questions

Need help choosing the right option?

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