Sole proprietors and partners
Bring your personal tax information and business records. Explain your ownership share, operating expenses and any changes in profit from one year to the next.
TORONTO · MISSISSAUGA · THE GTA
Self-Employed
Mortgages
Your business. Your home. Your next step.
Mortgage options for business owners, contractors and freelancers in Toronto, Mississauga and across the GTA.
Tell us how you earn your income and what you are planning.
Toronto officeServing borrowers across the GTA
Established in 1997Mortgage brokerage experience
Brokerage licence 10533Residential & commercial financing
MORTGAGES FOR BUSINESS OWNERS
You run the business.
Let’s review the mortgage.
A self-employed mortgage is financing assessed using income from your business or independent work. Your documents may look different from a salaried employee’s, but the application still needs a clear picture of your ability to repay.
The Mortgage Providers helps self-employed borrowers in Toronto, Mississauga and across the GTA explore mortgage options. Start with how your business operates, how you receive income and whether you are buying, refinancing or approaching renewal.
Business sales, profit and personal income are different figures. Explain each clearly so the review reflects the money available to support your household and the proposed mortgage.
HOW DO YOU EARN YOUR INCOME?
Your business structure
sets the context.
Explain how you work and how money moves from the business to your household.
Incorporated owners
Explain how you pay yourself and distinguish your personal income from company revenue. Ask which corporate records and salary or dividend documents the review needs.
Contractors and freelancers
Describe your clients, contracts and payment cycle. Identify seasonal work, recent changes and any previous employment in the same field.
A CLEARER APPLICATION
Explain the income.
Support it with records.
Start the review early enough to gather documents and understand the conditions before relying on a financing amount.
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Share your mortgage goal
Explain whether you are buying, refinancing or reviewing an upcoming renewal. Include the property details and your timing.
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Describe the business
Set out your ownership, time in business, income sources and recent changes. Explain how the proposed payments fit alongside business commitments.
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Confirm the required documents
Ask which personal and business records are needed, what periods they should cover and how to provide them securely.
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Compare the proposed terms
Review payments, rates, fees, flexibility and remaining conditions. If the timing is not right, discuss what information or preparation is missing.
BEFORE YOUR CONVERSATION
Prepare your
income picture.
Depending on your circumstances, a review may require:
- Personal tax returns and Notices of Assessment
- Business registration or incorporation documents
- Business financial statements and account records
- Contracts or other evidence of current work
- Salary or dividend records, where applicable
- Down payment source or existing mortgage details
- Personal debts and household expenses
Ask which documents and periods apply to you before assembling the full package.
LOOK AT THE COMPLETE ARRANGEMENT
Match the payments
to a realistic budget.
Allow for quieter months, taxes and business expenses when setting your household budget. A strong month of sales does not necessarily represent the income available every month.
If an alternative or private mortgage is proposed, ask why it fits, what the full costs are and how you will repay it. Being self-employed does not automatically mean you need private financing.
TORONTO · MISSISSAUGA · GTA
Local work.
Personal plans.
From a Toronto consultant to a Mississauga contractor or a business owner elsewhere in the GTA, the useful starting point is how you earn and document your income.
We welcome enquiries across Toronto, Peel, York, Halton and Durham, including Brampton, Vaughan, Markham, Richmond Hill, Oakville and Burlington.
Buying premises for your business? Explore our commercial mortgage page. Credit concerns? See our bruised credit mortgage page.
YOUR QUESTIONS
Self-employed
mortgage FAQs.
Answers about documents, business history and the review process.
Can I get a mortgage if I am self-employed?
Yes, self-employed borrowers can qualify for mortgages. The lender assesses the complete application, including income, credit, debts, down payment or equity and the property. The Mortgage Providers can review your circumstances and explore available options; approval is not guaranteed.
Do I need two full years of self-employment?
Not in every case. CMHC describes flexibility for some recently self-employed borrowers, while lender and product requirements vary. Explain your business start date, previous work experience and income history so the applicable requirements can be assessed.
Can I qualify using my business revenue?
Business revenue is not automatically qualifying personal income. Expenses, ownership and how you receive money from the business matter. Ask how the proposed lender calculates income and which records support that calculation.
How do business write-offs affect my application?
Business expenses may reduce the income shown in your records. Whether a lender accepts any adjustments depends on its rules and supporting documents. Do not assume every expense can be added back. Discuss tax decisions with your accountant and mortgage documentation with the brokerage.
What if I pay myself through salary and dividends?
Explain both sources and provide the relevant personal and corporate records when requested. The lender decides what income it can accept. Company funds are not automatically available for personal mortgage qualification simply because you own the business.
Can I apply without proving my income?
Do not assume a self-employed product removes the need for verification. Documentation may differ across lenders, but the lender still sets its requirements. Ask what tax, business, banking or other evidence is needed before relying on a proposed financing amount.
Will I have to use a private lender or pay a higher rate?
Not necessarily. Self-employment alone does not determine the lender or rate. Available terms depend on the complete application. If a private mortgage is proposed, compare its costs, conditions and repayment plan with the other available routes.
Can I refinance my home while self-employed?
It may be possible, subject to lender approval and sufficient qualifying income and equity. Share the current mortgage, purpose of the funds and business details. Include any payout charges and transaction fees when comparing the new arrangement.
LET’S DISCUSS YOUR NEXT STEP
Start with your business story.
Tell us how you work and what you are planning.
We’ll discuss what a mortgage review would need.
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