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
Lower of latest year or 2-year avg + addbacks
3-Year Average (Reference)
$108,333.333
Some lenders use for trend analysis
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
A-Lender Documents
- • 2 years T1 Generals
- • 2 years Notice of Assessment
- • 2 years Financial statements
- • Business license/registration
- • Articles of incorporation
B-Lender Documents
- • 12 months business bank statements
- • Beacon score 500+
- • Property appraisal
- • No tax returns required
- • No NOA required
Common Addbacks
- • Depreciation/CCA
- • Personal use of business expenses
- • One-time write-offs
- • Non-cash expenses