SELF-EMPLOYED (registered company)
Federal income tax report for the last two fiscal years
Notice of assessments (provincial and federal and for the last two fiscal y ears)
You receive these after you have submitted your income tax declaration
Two years financial statements (if available)
SELF-EMPLOYED (incorporated)
Federal income tax report for the last two fiscal y ears
Notice of assessments (provincial and federal and for the last two fiscal y ears)
You receive these after you have submitted your income tax declaration
Two years financial statements
Articles of incorporation confirming the number of shareholders and ownership percentage
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THE TRUE PICTURE
There is a gap between what the individual declares as income and earned.
The more documentation and information we have, the more tools we have to optimize the revenue and maximize the purchasing power.
Complete financial information usually reveals the company's health and depicts the true story, which may paint a convincing financial portrait.
To buy or not to buy?
Source:
Mortgage Architects
If you can afford to rent, chances are that you can afford to buy. Start building equity for your future by putting your monthly rent toward a monthly mortgage payment! ...more