No T4? No Problem. Self-Employed Mortgage Ontario.

Yes. B-lenders across Ontario have specific self-employed mortgage programs. lendsimpl works with 50+ alternative lenders who accept NOA income, bank statement income, and stated income. FSRA Licensed Brokerage #13763.

Most B-lenders accept: (1) 2 years of Notices of Assessment (NOA), (2) 12 to 24 months of business bank statements showing deposit history, or (3) stated income with a reasonable industry benchmark. We review your situation and identify the strongest qualifying path.

Yes, and this is the most common self-employed mortgage challenge. B-lenders use different income calculations: your NOA income plus add-backs (non-cash deductions), gross bank deposits, or stated income. A traditional bank using just Line 150 will often decline you even though your actual cashflow is strong.

Yes. B-lenders accept salary, dividends, and in some cases retained earnings from your corporation. We present your income in the way that maximizes your qualifying amount. Corporation ownership is specifically accommodated in B-lender underwriting.

B-lenders are flexible on credit score for self-employed borrowers, and can often work with lower scores when there's a clear explanation and solid income. Even with bruised credit, collections, or limited history, there are options. The rate and LTV will reflect your credit profile, but qualification is possible.

Pricing depends on your credit score, LTV, income documentation type, and property. For current B-lender rate ranges, see our alternative mortgage rates page. Call (416) 299-6096 or submit a request for a personalized quote. FSRA #13763.

B-lenders are institutional lenders (trust companies, credit unions) regulated federally or provincially. Private lenders aren't licensed the same way, though every private mortgage we arrange still goes through our FSRA-licensed brokerage with full written disclosure, and private pricing typically runs meaningfully higher than B-lender pricing. Most self-employed borrowers should exhaust B-lender options before considering private lending.

Yes. This is called an exit strategy. After 12 to 24 months of B-lender mortgage history, most self-employed borrowers improve their income documentation enough to qualify at an A-lender. lendsimpl plans your exit from day one.

With proper documentation, conditional approval typically takes 24 to 48 hours. Full approval and funding takes 2 to 3 weeks for standard purchases. lendsimpl manages the entire process and keeps you updated daily.

Yes. Most B-lender self-employed programs require a minimum 20% down payment (80% LTV). A lower down payment with CMHC insurance is possible if you qualify using standard income verification (two years of NOA). The stated-income and bank-statement paths aren't CMHC-insurable. lendsimpl will confirm the right path for your situation.