Self-employed individuals can benefit from low rates and excellent mortgage options. If they have been previously declined, they can still get fast mortgage approval. The mortgage options take into account the reduced taxable income from claimed expenses. The Stated Income mortgage is especially helpful for those whose expenses affect their qualifying income. Dividend and investment income is also accepted as long as proof of stability is provided. There are specific documents that need to be submitted, such as the Notice of Assessment and T1 Tax Statement. Proof of principal ownership in the business, contracts or financial statements, and a copy of the Article of Incorporation or business license are also required. There is access to top Canadian lenders, including large banks, mortgage finance companies, credit unions, and alternative financiers who accept reasonable income estimates. Business For Self (BFS) borrowers can also find tailored options available. For more information or assistance, feel free to contact us.