Financing Solutions for Canadian Business Owners

There are many reasons a Canadian business owner may need to document their income.

With the number of write‑offs and operating expenses involved in running day‑to‑day business activities, income can vary depending on the success of the business. This often makes it difficult for entrepreneurs to show consistent earnings.

Because of this, many self‑employed Canadians are denied financing when they can't provide traditional proof of income. One solution is a bank statement mortgage.

Do you worry when your bank says you don't qualify for financing, refinancing, or an equity take‑out? Dominion Lending Centres NasaKasa can help.

Self‑employed individuals may qualify through a stated income program - a specialized mortgage designed for business owners, contractors, and freelancers who have trouble proving regular income.

Unlike traditional mortgages, this program doesn't require pay stubs, T4 slips, or full tax returns. Instead, borrowers can use their business bank statements to demonstrate income.

This approach is especially helpful for Canadian entrepreneurs, since bank statements are readily available and provide a clear picture of cash flow.

Requirements for a Stated Income Mortgage

To qualify, two main requirements must be met:

1. Proof of business ownership for at least two years.
2. Submission of business bank statements covering 3 to 12 months.

If these conditions are met, self‑employed Canadians can access mortgage financing through a stated income program.

Dominion Lending Centres NasaKasa will work with you to determine eligibility and ensure this solution fits your financial needs.