Will my mortgage cost more as self-employed?

If you qualify under an A-lender stated-income program, rates are within 0.10–0.25% of standard pricing. B-lender programs run 1–2% above prime. We always pursue the lowest-cost lender that will approve the file.

What if I have CRA arrears?

Most A-lenders require CRA arrears cleared before closing. Some B-lenders allow CRA arrears to be paid out from the new mortgage proceeds at closing.

For: Business Owners & Contractors

Self-Employed Mortgage

"I earn well but my tax returns don't show it."

We work with self-employed Canadians every day. From bank statement programs to stated-income and no-docs options, we'll structure a mortgage around how you actually earn — not just your line 150.

Bank statement & stated-income programs
No T1 generals required for many lenders
Bruised credit and discharged bankruptcies considered
Pathway back to A-lender pricing

Step 1 of 4

Get Pre-Qualified

Tell us what you're financing

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Self-Employed Mortgage FAQ

Common questions

Real answers from a licensed Ontario mortgage broker.

Two years is the standard threshold for stated-income programs. Some bank-statement programs work with 12 months. Newer businesses can still qualify with B-lenders given strong cash flow.

Self-Employed Mortgage by City