Self-Employed Mortgage Toolkit

A practical roadmap to gather lender-ready documents, estimate mortgage income, and package your application — with autosave and export.

Use the estimator

Estimate adjusted income

Document hub

Upload securely

Pre-approval

Start with your broker

Overall progress

0/35 completed

Adjusted Income Estimator (rough)

Lenders differ. Use this as a conversation starter with your broker.

Income (Annual) & Add-backs

Last year net income

Last year add-backs

Prior year net income

Prior year add-backs

Adjusted last year: $0

Adjusted prior year: $0

Two-year average: $0

Lenders may consider the lower of last year vs. 2-year average.

Use 2-year average (otherwise last year only)

Monthly Housing & Debts

Mortgage P&I (monthly)

Property tax (monthly)

Heating (monthly)

Condo fees (monthly)

Other monthly debts

Chosen annual income: $0

Monthly income: $0

Housing costs: $100

Other debts: $0

GDS: 0.0%

≤ ~39% OK

TDS: 0.0%

≤ ~44% OK

Guidance only; actual limits and calculations vary by lender, product, and insurer.

Need exact numbers? Mortgage Payment Calculator • Affordability & Stress Test

Getting started & strategy

Clarify path, timing, and documents your lender will ask for.

Done	Task	Due date	Notes
	Book a discovery call to map your mortgage path & timing Book a planning session
	Estimate budget range and monthly comfort level Affordability & Stress Test
	List any unusual or one-time items in last 2 years (explain briefly)

Book a discovery call to map your mortgage path & timing

Book a planning session

Due

Notes

Estimate budget range and monthly comfort level

Affordability & Stress Test

Due

Notes

List any unusual or one-time items in last 2 years (explain briefly)

Due

Notes

Business & tax profile

Confirm structure, taxes, and compliance (helps underwriting).

Done	Task	Due date	Notes
	Confirm business structure (sole prop / corporation / partnership)
	Last 2 years tax filed? Any balances / payment plans?
	GST/HST registration & filings up to date (if applicable)
	Business licence / registrations (as applicable)

Confirm business structure (sole prop / corporation / partnership)

Due

Notes

Last 2 years tax filed? Any balances / payment plans?

Due

Notes

GST/HST registration & filings up to date (if applicable)

Due

Notes

Business licence / registrations (as applicable)

Due

Notes

Income evidence — Sole proprietor

Pull T1, NOAs, T2125, and bank statements.

Done	Task	Due date	Notes
	T1 General (last 2 years)
	Notices of Assessment (NOA) (last 2 years)
	T2125 Statement of Business/Professional Activities
	12–24 months business bank statements (for reasonability)
	Any contracts/invoices supporting income consistency

T1 General (last 2 years)

Due

Notes

Notices of Assessment (NOA) (last 2 years)

Due

Notes

T2125 Statement of Business/Professional Activities

Due

Notes

12–24 months business bank statements (for reasonability)

Due

Notes

Any contracts/invoices supporting income consistency

Due

Notes

Income evidence — Incorporated

Pull T2 package, financials, and shareholder docs.

Done	Task	Due date	Notes
	Corporate financials (last 2 years) — income statement & balance sheet
	T2 Corporate returns + Notices of Assessment
	Shareholder info (T5s/dividends, T4s/salaries, % ownership)
	Articles of incorporation & minute book (basic pages)
	Corporate bank statements (recent 6–12 months)

Corporate financials (last 2 years) — income statement & balance sheet

Due

Notes

T2 Corporate returns + Notices of Assessment

Due

Notes

Shareholder info (T5s/dividends, T4s/salaries, % ownership)

Due

Notes

Articles of incorporation & minute book (basic pages)

Due

Notes

Corporate bank statements (recent 6–12 months)

Due

Notes

Add-backs & adjustments

Identify reasonable add-backs to estimate ‘mortgage income’.

Done	Task	Due date	Notes
	Identify depreciation/CCA and other non-cash items to add back (if lender allows)
	Flag one-time or extraordinary expenses for explanation
	Estimate adjusted income (2-year avg vs. last year) Use the estimator

Identify depreciation/CCA and other non-cash items to add back (if lender allows)

Due

Notes

Flag one-time or extraordinary expenses for explanation

Due

Notes

Estimate adjusted income (2-year avg vs. last year)

Use the estimator

Due

Notes

Assets & down payment

Source of funds, 90–120 days history, gifts.

Done	Task	Due date	Notes
	Document down payment source (savings, investments, gift letter)
	Provide 90–120 days history for down payment funds
	RRSP/Home Buyers’ Plan (if applicable)

Document down payment source (savings, investments, gift letter)

Due

Notes

Provide 90–120 days history for down payment funds

Due

Notes

RRSP/Home Buyers’ Plan (if applicable)

Due

Notes

Liabilities & credit

Debts, credit score, and utilization clean-up.

Done	Task	Due date	Notes
	List all monthly debt payments (cards/LOC/loans/leases)
	Check credit score & utilization; reduce balances if needed Credit-building guidance
	Student loans / support / alimony documentation (if any)

List all monthly debt payments (cards/LOC/loans/leases)

Due

Notes

Check credit score & utilization; reduce balances if needed

Credit-building guidance

Due

Notes

Student loans / support / alimony documentation (if any)

Due

Notes

Property & mortgage details

Pre-approval, product choice, and stress testing.

Done	Task	Due date	Notes
	Get a pre-approval with your broker/lender
	Estimate monthly payment, property tax, heat, condo fees Mortgage Payment Calculator
	Run a stress test scenario Affordability & Stress Test

Get a pre-approval with your broker/lender

Due

Notes

Estimate monthly payment, property tax, heat, condo fees

Mortgage Payment Calculator

Due

Notes

Run a stress test scenario

Affordability & Stress Test

Due

Notes

Finalize & submit

Package, sign, and send to lender/broker.

Done	Task	Due date	Notes
	Upload full package to secure client portal Client portal
	Review/sign lender forms & disclosures
	Confirm down payment, closing costs, and lawyer details

Upload full package to secure client portal

Client portal

Due

Notes

Review/sign lender forms & disclosures

Due

Notes

Confirm down payment, closing costs, and lawyer details

Due

Notes

After approval

Lawyer, insurance, and post-close organization.

Done	Task	Due date	Notes
	Home insurance binder; coordinate with lawyer & lender
	Set up automatic payments and an emergency buffer
	Organize copies of all documents in a secure folder Client portal

Home insurance binder; coordinate with lawyer & lender

Due

Notes

Set up automatic payments and an emergency buffer

Due

Notes

Organize copies of all documents in a secure folder

Client portal

Due

Notes

Your custom tasks

Add anything unique to your situation.

Done	Task	Due date	Notes

Helpful tools & services

Estimate payments & scenarios: Mortgage Payment Calculator • Affordability & Stress Test
Track finances: Holistic Budget Calculator • Net Worth Tracker
Work with us: Client portal • Planning session

This toolkit is educational and general. Underwriting policies vary by lender and can change. Confirm specifics with your broker/lender.