BRX Mortgage
Menu
Prince Edward Island coastline and homes

BRX Mortgage

Documents Required

Follow the flow to collect the required documentation based on the Income Source. Tax documents = most recent 2 years unless noted.

BRX Mortgage

Income & Documentation Flowchart

Instructions: Follow the flow to collect the required documentation based on the Income Source. Select an underlined document to view its matching sample.

Variable / Commissioned

Contract / Seasonal

  • Current contract(s)
  • T4s or T4Es (2 yrs)Sample
  • NOAs (2 yrs)Sample
  • 2-yr history in the same line of work
  • EI claim history if seasonalSample

Maternity / Parental Leave

  • Letter confirming return date, position + salarySample
  • Pre-leave paystub or EI statementSample
  • T4s (2 yrs)Sample

Note: most lenders use full return salary; confirm policy

Self-Employed: Stated

  • CRA statement of account ($0 owed)Sample
  • 12-mo business bank statementsSample
  • 3 business invoices
  • HST return if applicable
  • Articles of Inc. or Master Business LicenceSample
  • Lender income declaration form

Self-Employed: Sole Proprietor

  • Full T1 Generals w/ statement of business activities (2 yrs)Sample
  • NOAs (2 yrs)Sample
  • CRA statement of account ($0 owed)Sample

Self-Employed: Incorporated

Pension / Investment

  • Private pension provider letter if applicableSample
  • Most recent NOASample
  • T4APs, T3s, or T5s (2 yrs)Sample
  • 3-mo bank statements showing pension deposits
  • 3-mo investment statements if applicable

Child Tax Benefit (CCB)

  • CCB entitlement letter from CRASample
  • Children’s birth certificates
  • 3-mo bank statements showing CCB deposits

Red flag: lenders cap children’s ages. Check policy.

Child Support / Alimony

  • Separation / divorce agreement (or court order)
  • 3-mo bank statements confirming support received

Rental Income

  • Current lease agreementsSample
  • 3-mo bank statements showing rental deposits
  • Most recent T1 General incl. Statement of Real Estate ActivitiesSample
  • Lender rental worksheet if applicable

Disability Income

  • NOAs (2 yrs)Sample
  • T4s (2 yrs)Sample
  • Letter from disability provider confirming income amount, type of disability and length of coverageSample

Your next move starts here

Ready to unlock your next property?

Contact the team