Preparing Your Documents for Self-Employed Mortgages
Self-employed mortgage applications require more documentation than employee applications. Having everything ready speeds up the process and prevents surprises. Here’s your comprehensive checklist.
Personal Tax Documents
- T1 General tax returns: Last 2 years, all pages including schedules
- Notice of Assessment (NOA): Last 2 years from CRA
- T4A slips: If you pay yourself through dividends or other distributions
Business Documents
- Business licence: Current and active
- Articles of Incorporation: If incorporated
- T2 corporate tax returns: Last 2 years if incorporated
- Financial statements: Prepared by accountant if available
- GST/HST registration: Proof of active business
Supporting Documentation
- Business bank statements: 3-6 months showing business activity
- Contracts or invoices: Proof of ongoing business
- Professional website: Some lenders check for online presence
- Client references: Occasionally requested
💡 CRA My Account
Download your NOAs and T1 Generals directly from CRA’s My Account portal. This is faster than waiting for mail and provides official documents lenders prefer.
Down Payment Proof
- Personal bank statements: 90 days showing down payment funds
- Business-to-personal transfers: Paper trail if down payment came from business
- Gift documentation: If any portion is a gift from family
Elevation Mortgage
Brokerage: Mortgage Connection · Licensed in Alberta and British Columbia
Julie & Andy Jeffery — independent mortgage brokers serving Calgary, Nelson BC,
and clients across Alberta and British Columbia.
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