Self-Employed Income Analysis
Self-Employed Calculator
Calculate your qualifying income for mortgage applications using Notice of Assessment and business addbacks.
Self-Employed Income Calculator
Income Analysis
Qualifying Income
$105,000
Annual (estimated)
3-Year Average
$108,333.333
For reference
Income Calculation Method
Lenders typically use the lower of the most recent year or 2-year average, plus acceptable addbacks.
Important: Different lenders use different calculation methods. Always confirm the specific approach with your lender. This is for educational purposes only.
Self-Employed Documentation Tips
Required Documents
- • 2+ years Notice of Assessment
- • T1 Generals (personal returns)
- • Financial statements
- • Business license/registration
Common Addbacks
- • Depreciation/CCA
- • Personal use of business expenses
- • One-time write-offs
- • Non-cash expenses