Self Employed

It’s true that self-employed individuals can reduce their taxes by writing off their business expenses. The more they write off the less they pay in taxes. While this strategy will help to reduce the tax payable, this strategy will work against them when applying for a mortgage. Most likely the average income will not be large enough due to the sizable write-offs. That’s why the biggest obstacle for our self-employed clients is proving their income.

At The Mortgage Advisors we are very familiar with the process of obtaining a mortgage for self-employed individuals. Our lenders now have mortgages available with sometimes few conditions required. Some lenders will ask you to see your Notice of Assessment just to prove you do not owe any income taxes while others will not even request this. Today in Canada, there are more options for self-employed clients than ever before.

Feel free to call us for a free consultation at 613.591.3591 or simply complete our on-line mortgage application! It’s that easy!

 

 

 

 

 

 

 

 

 

 

 

 

 


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