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Switch - Company Owner/Self-Employed
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- Fully competed credit application
- Verification of borrower employment and income: Self employed individuals may be required to provide copies of some or all of the following documents:
- business financial statements
- personal tax returns
- corporate tax returns
- 3 years of your most recent T1 Generals with Statement of Business Activities
- 2 years most recent Notice of Assessment with no income taxes owing
- Copy of business license, Artiles of Incorporation or Business GST registration
Some lenders may require that self employed individuals provide copies of recent bank statements for their business to demonstrate current cash flow.
- Copy of the most recent Charge registered against subject property
- Copy of the most recent insurance endorsement on subject property
- Copy of the client's most recent Mortgage Statement. The statement should include the name of the lender, mortgage reference number, approximate mortgage balance, current mortgage payment, status of tax account and mortgage renewal date. The existing lender's Annual Statement and/or the Mortgage Renewal Document would be ideal for this purpose.
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