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.