Documents Required For Financing

Income:

Salaried:

• Current pay stub
• ​Letter of employment (must be on company letterhead and have the following: outline of compensation, year-to-date (YTD) earnings, job tenure, supervisor, or HR contact info)

 Hourly Income:

• Current pay stub
• Letter of employment (must be on company letterhead and have the following: outline of compensation, year-to-date (YTD) earnings, job tenure, supervisor, or HR contact info)
• T4s or Notices of Assessment from the last two years 

 
Base + commission income:

• Notices of Assessment from the last two years 
• Letter of employment (must be on company letterhead and have the following: outline of compensation, year-to-date (YTD) earnings, job tenure, supervisor, or HR contact info)

 
Commission:

• Notices of Assessment from the last two years (NOAs are two-page documents summarizing your annual income that the CRA sends you after you file your taxes)
• Statement of YTD earnings
• Tax returns from the last two years

 
Self-employed:

• Notices of Assessment from the last two years 
• T1 Generals for the last two years or taxes filed
• Proof of being self-employed such as one of the following:  GST Number, Articles of Incorporation, Statement of Business Activity from your Tax Return, Business License,  

 
Pension:

• Notices of Assessment from the last two years (NOAs are two-page documents summarizing your annual income that the CRA sends you after you file your taxes)
• Statement of pension income or bank statements from the last three months showing pension deposits

 
Maternity:

• Notices of Assessment from the last year 
• Letter of employment stating your return to work date (must be on company letterhead and have the following: outline of compensation, year-to-date (YTD) earnings, job tenure, supervisor, or HR contact info)

Down Payment Confirmation:
 
If saved up for a down payment:

• Bank or investment statements from the last three months (90 days) from the account that holds your down payment

 
If received a gift from an immediate family member for a down payment:

• A gift letter and confirmation of that gift in your account at least 15 days before possession
• A gift letter signed by the family member gifting you money
• A bank statement showing the gifted funds in your account

 
Down payment from property sale proceeds:

• Firm sale agreements on the property showing the market value
• A recent mortgage statement showing your mortgage balance.