Self-employed Canadians face unique income documentation challenges. We connect you with lenders who understand business income — stated income programs, B-lenders, and private options.
Your income is real — the challenge is proving it to lenders the way they expect. Here are your main paths.
If you have 2+ years of T1 Generals showing sufficient net income, you can qualify with a bank at prime rates. Many self-employed borrowers qualify this way without realising it.
Some lenders accept a "stated" income — your declared income without full CRA documentation — if you have 2+ years of self-employment history, strong credit, and 10–20% down.
Alternative lenders like Home Trust and Equitable Bank have dedicated self-employed programs that look at gross income, bank deposits, and business health rather than just net income on tax returns.
If you've been self-employed under 2 years or have challenged credit, private lenders fund based on equity — not income at all. Ideal as a short-term bridge to prime rates.
Incorporated borrowers can sometimes use salary + dividends for qualification. Sole proprietors typically use net income from T1 General, which is often lower than actual cash flow.
We find which program fits your exact income structure — from traditional bank programs to B-lender stated income to private equity-based financing.
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