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Not filled in yet: tools are showing sample numbers (Ontario · City of Toronto reference price). Enter where and how much, and every tool uses yours.

Where
Home price$

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How much self-employed income counts?

Lots of write-offs mean low taxable income, and banks lend on taxable income. See roughly how much you could borrow under three methods.

Self-employed forTaxable income, two years agoLine 15000 of your Notice of Assessment$Taxable income, last year$Average monthly business deposits (last 6-12 months)Business revenue in your bank statements, excluding transfers$Share of deposits counted as incomeVaries by industry, often around 50%%Other monthly debtsSample number — change to yours$Bank rate%B lender ratePublic sources often cite 6.5%-8.5%, plus about a 1% lender fee%

1. Bank: taxable income

Income used $58,000Could borrow about

$186,799

Income fell last year, so the bank uses the lower recent figure.

2. Bank with ~15% add-back

Income used $66,700Could borrow about

$226,362

Some banks add back paper deductions like depreciation (15%-25% depending on lender and industry).

3. B lender: bank statements / stated income

Income used $84,000Could borrow about

$263,501

Using a B lender rate of 6.99% and business deposits; higher rate and fees.

Planning to use a bank later? Claim fewer write-offs for the next two years, file and pay taxes on time, and keep your business licence, GST/HST filings and financial statements ready.

Next steps

See which documents to prepare (Notices of Assessment, business licence, GST/HST, 6–12 months of statements)
Check whether your credit score can go higher first
Don't formally apply at many lenders at once: each formal application may pull your credit. Have an advisor look at your income and documents first, then choose.

Estimate: GDS 39% / TDS 44%, stress-test qualifying rate, property tax and heating at $550/month. Lenders treat self-employed income very differently; approval is up to the lender.