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Mortgage for Self Employed or Incorporated Individuals

What can be better than to save on your taxes! 

Obviously, it’s great, however, not as much if you are planning to purchase a property in Canada. Banks don’t mind if you are self-employed, however, will base the mortgage amount on the net income (line 15000) on your notice of Assessment.

Is there any way to go around it? To both save on your taxes and get a mortgage?

Yes, we have few solutions here, but they are more expensive and will cost you a bit of money; however, if you can save 50-100K on taxes, and pay 10K to get a mortgage with a slightly higher interest rate, it is worth it.

We call those mortgages – B mortgages, or, stated income mortgage.

What do you need to qualify for that mortgage?

  1. You need to be self-employed or incorporated
  2. Bank uses your gross income to qualify (they look and 3-6 months of business income)
  3. You have to have a good credit history
  4. You have to put at least 20% down (and 25% on apartments)
  5. You have to pay around 1% – 1.5% lender fees from your pocket. 

Since mortgage rates went down significantly, B lenders also reduced their rates. It’s currently 2.99% for 2 years fixed. 

Each situation is unique and different; especially if you are self-employed.

It’s important to have an experienced mortgage broker who knows what B lender is offering and can find the best solution in each personal situation.


Ipoteka Mortgage Offers The Lowest Mortgage Rates Possible for Home Purchase, Renewals, Refinancing, Construction etc.

We look forward to helping you!

Contact Us and Find Out What Options You Have, Anytime.

  1. Phone: +1 (778) 836-6461
  2. Email:
  3. Fill out the Contact Form

Our Services are FREE and NO FEES or Obligations on Your End!

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Getting a mortgage is a very stressful time. Iryna and Oleh provided exceptional service in answering all of our questions and making sure we felt comfortable with the decisions we made. They helped us in determining what we could afford and whether a fixed or variable rate was most suitable for us. They are extremely knowledgeable and professional and worked hard to get us into the home we really wanted. We couldn't be happier and would recommend Iryna and Oleh to ANYONE looking to buy a home. Thanks again
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Iryna, Thank you for your invaluable help! I realize that it was not an easy task and required a high degree of ingenuity. No doubt I saved your contacts for future uses and/or referrals. From sunny Manitoba (with a balmy temperature of -21C)
From the beginning, I was impressed by her attendance to details and swift reply to any questions leading to a smooth acquisition of a new mortgage. Iryna’s natural capitalization on her vast experience let her path to becoming an independent mortgage broker. This turned out to be to my advantage while shopping for a very competitive mortgage rate during second house acquisition, and I found Iryna to be a great asset while facing the unknown territory of bridge financing within the new approval process. I would highly recommend Iryna’s services to anybody who is in need of a mortgage or any other financial services her company is offering, you will like the result, I know I did.
Hello Iryna, We would like to thank you and your team again for great job in achievement our goal. Your friendliness, professionalism and knowledge was a huge help in getting this new milestone. Your communication was as transparent as can be. We had some problems in understanding the process sometimes, but you guys always were patient enough to clear things up in a very transparent manner. You were always on top of things and always available for us to communicate. Your responses always appeared in a snap. We will recommend you to all of our friends and relatives in the future. We definitely will be in touch. Happy holidays!
Irina & Andrey
When Iryna comes to mind, there is one word that stands out more than others that I can use to describe her and that is: Dedication. From the first consultation at her office to the latter stages of mortgage hunting, Iryna has been consistent and dedicated to finding Troy and myself the best possible mortgage suited for our lifestyle and financial needs. If you need her in the evening or early morning e-mails, Iryna is always available to meet your needs and is working hard to take care of you as if you were her own family. Troy and I have grown very fond of Iryna and feel blessed to have her in our corner. We couldn’t have come far in the journey of first-time home buying without her dedication.
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