DOCUMENTS REQUIRED
INCOME
Employment Income | Self Employed Income | Corporation | Pension)
Knowing what documentation you are required to provide is important.
Here are the documents you'll need whether you are
Purchasing
Or
Refinancing
GENERAL REQUIREMENTS
-
Documents needed
- 2 pieces of ID
- Signed Consent Form
INCOME VERIFICATION
-
If you are Employed
- Job Letter
- 2 Most Recent Pay Stubs
- 2 Most Recent T4's
-
If you are Self-Employed (Sole Proprietor) or Commissioned Income
- 2 Most Recent T1 Generals with Statement of Business Activities (Income Tax Return)
- 2 Most Recent Notice of Assessments (NOA)
- 3 Months Bank Statements
-
For Corporations (Incorporated)
- Articles of Incorporation
- Central Securities Register (to stake shareholders)
- 2 Most Recent Financial Statements (Accountant Prepared)
- 2 Most Recent T1 Generals with Statement of Business Activities (Income Tax Return)
- 2 Most Recent Notice of Assessments (NOA)
-
If you receive a Pension
- T4A (CPP and/or OAS)
- Pension Statements
- 2 Months Bank Statements showing Pension Deposits
DOWN PAYMENT VERIFICATION
-
Documents needed
- 3 Months Bank Statements (Savings + Chequings)
- 3 Months Investment Statements (RRSP/TFSA, Stocks, etc)
- Gift Letter + Confirmation of Deposit (Gift letter will be provided depending on the lender)
GENERAL REQUIREMENTS
-
Documents needed
- 2 pieces of ID
- Signed Consent Form
INCOME VERIFICATION
-
If you are Employed
- Job Letter
- 2 Most Recent Pay Stubs
- 2 Most Recent T4's
-
If you are Self-Employed (Sole Proprietor) or Commissioned Income
- 2 Most Recent T1 Generals with Statement of Business Activities (Income Tax Return)
- 2 Most Recent Notice of Assessments (NOA)
- 3 Months Bank Statements
-
For Corporations (Incorporated)
- Articles of Incorporation
- Central Securities Register (to stake shareholders)
- 2 Most Recent Financial Statements (Accountant Prepared)
- 2 Most Recent T1 Generals with Statement of Business Activities (Income Tax Return)
- 2 Most Recent Notice of Assessments (NOA)
-
If you receive a Pension
- T4A (CPP and/or OAS)
- Pension Statements
- 2 Months Bank Statements showing Pension Deposits
PROPERTY VERIFICATION
-
Your Home
- Most Recent Mortgage Statement
- Confirmation of Monthly Strata Fee (*if applicable, the Annual General Meeting Minutes have this info)
- Property Tax Statement
-
A Rental Property
- Most Recent Mortgage Statement
- Lease Agreements
- 3 months Bank Statements to Confirm Rent Deposits
- T1 Generals with Statement of Rental Income
