The Stated Income Mortgage in Ontario
The Mortgage Built for Business Owners Who Earn More Than They Show on Paper
If you’re self-employed and your bank makes you feel “poor” on paper… this might be the most important mortgage article you read this year.
Let’s be honest.
You work harder than most people.
You generate real revenue.
You juggle clients, staff, expenses, taxes, suppliers—and somehow still keep everything moving.
But the moment you try to get a mortgage?
Your financial strength gets reduced to one number:
**Line 150.**
And if your accountant is doing their job properly, that number is always far lower than the income you actually earn.
You walk into the bank feeling proud of your success.
You walk out feeling like you have to justify it.
Dale Carnegie would say the bank “fails to understand your point of view.”
Dan Kennedy would say the bank “isn’t your market.”
Both are right.
Because the problem isn’t you.
It’s the system you’re trying to fit yourself into.
Why Business Owners Get Punished by the Traditional Mortgage System
Canadian mortgage rules reward:
✔ Predictability
✔ T4 slips
✔ No write-offs
✔ Simple tax returns
Banks love that.
But entrepreneurs?
✘ Income fluctuates
✘ Write-offs reduce taxable income
✘ Corporate structures hide real income
✘ Cashflow doesn’t match tax filings
✘ Revenue ≠ taxable income
None of this means you earn less.
It just means your business life doesn’t fit the bank’s box.
And when the bank only uses taxable income, you lose buying power dollar for dollar.
Example:
$200,000 revenue → $65,000 taxable income after write-offs → bank qualifies you only on $65,000.
It’s frustrating.
It’s discouraging.
And it’s completely avoidable.
Why Paying More Tax to “Look Better” to the Bank Is the WORST Strategy
Many accountants say:
“If you want a larger mortgage, just claim more income next year.”
Bad advice.
If you inflate taxable income by $50,000…
You’ll pay $15,000–$22,000 in extra tax you never see again.
You wouldn’t burn money in a parking lot.
But paying extra tax just to qualify for a mortgage is basically the same thing.
There is a smarter way.
And it’s called the Stated Income Mortgage Program.
Introducing the Stated Income Mortgage:
A Mortgage That Finally Reflects Your REAL Income
This program is designed for exactly one kind of Canadian:
A successful business owner whose taxable income doesn’t match their true earning power.
Instead of relying on what you report to CRA, this program allows you to:
Declare a reasonable income based on:
Your industry
Your business revenue
Your business structure
Years in operation
Ownership
Credit strength
Market norms
It’s not a loophole.
It’s not “creative financing.”
It’s not private lending.
It’s an insurer-approved, fully legitimate program used across Canada—designed specifically for self-employed borrowers.
What Makes the Stated Income Program So Powerful
1. You finally get credit for the income you actually earn.
Not the after-deduction leftovers on your tax return.
2. You don’t have to pay more tax to get approved.
Huge advantage over the “inflate your income and hope” strategy.
3. You can buy with as little as 10% down.
Most self-employed programs require 20%–35%.
This program does not.
4. You get competitive rates.
This is NOT a high-interest, last-resort solution.
Rates are the same as standard insured mortgages.
5. You get treated like the business owner you are.
The underwriting process focuses on the reality of your income—not the CRA version.
6. Documentation is much simpler than you think.
No year over year analysis of corporate financials.
No deep dives into your books.
Just straightforward verification.
How Your Income Is Evaluated (Mortgages Explained Without the Jargon)
This is where most business owners finally say:
“Oh… that makes sense.”
Underwriters look at:
Gross business revenue
Industry norms
How your business generates income
Reasonableness of stated income
Credit score
Years self-employed
Business website and presence
Basic tax filings (NOA)
What they don’t require:
Full business financial statements
Multi-year corporate reviews
Forensic-level documentation
The goal is simple:
Does the income you state make sense for someone who does what you do?
If yes, you’re a great fit.
Real Borrowing Power: Traditional vs Stated Income
Let’s show you the difference.
Assume your taxable income is $60,000, but your business grosses $180,000–$250,000.
Traditional Bank Approval
Income used: $60,000
Approval: $275,000–$310,000
Stated Income Program
Reasonable stated income: $110,000–$125,000
Approval: $475,000–$550,000
Same person.
Same business.
Same money.
Different approach.
Real Clients I’ve Helped (No Lender Names)
Contractor – Guelph
Gross revenue: $220,000
Taxable income: $68,000
Bank approval: $310,000
Stated Income approval: $560,000+
Photographer – Waterloo
Gross revenue: $160,000
Taxable income: $52,000
Bank approval: $265,000
Stated Income approval: $485,000
Trades Business Owner – Hamilton
Gross revenue: $185,000
Taxable income: $58,000
Bank approval: $290,000
Stated Income approval: $530,000+
The pattern repeats every week.
Who Is Stated Income Program Perfect For?
✔ You’re self-employed
✔ You’ve been in business at least 2 years
✔ You have strong credit
✔ You claim lower taxable income due to write-offs
✔ Your real income is much higher than your CRA income
✔ You’re buying a home you’ll live in
You’re tired of:
Being judged by your tax return
Being told you “don’t qualify”
Feeling embarrassed by a low taxable income
Being approved for far less than you know you can afford
You just want a mortgage that recognizes the business you built
Not ideal for:
✘ Commission-only
✘ Buying investment properties
✘ Poor credit
✘ Tax arrears
Why So Many Business Owners Come to Me After Their Bank Says No
Every week, I hear some version of:
“My bank doesn’t understand my business.”
“They said I don’t earn enough… but I know I do.”
“My accountant told me to write things off and now the bank punishes me.”
“They made me feel like I’m barely scraping by.”
And the moment I explain how this program works, everything clicks.
Shoulders drop.
People breathe easier.
The path forward becomes clear again.
Because for the first time, the mortgage world feels like it was built for you—not against you.
The Most Important Truth You’ll Read Today
You should NOT be punished for legitimate write-offs.
You earned them.
You should NOT have to pay more tax just to qualify.
That’s money you lose forever.
You should NOT feel “unqualified” when your business tells a very different story.
Your bank simply isn’t equipped to understand it.
The Stated Income Mortgage gives you:
Buying power
Flexibility
Fair treatment
Competitive pricing
A mortgage that reflects your real income
For business owners in Ontario, this is one of the most powerful financing tools available.
What to Do Next
Option 1 — Get a Free Stated Income Assessment (15 Minutes)
Tell me a few details about your business and goals.
I’ll calculate exactly what you qualify for.
Option 2 — Talk to Me Directly
Prefer a conversation?
➡️ Call me here: (226-486-1133)
I’ll walk you through your real income, your options, and your approval potential in minutes.
Remember
You built your income.
You built your business.
You built your life.
Now it’s time to use it.
The Stated Income Mortgage exists because business owners deserve a mortgage that actually reflects the work they put into their success.
If you’re ready to stop being penalized for being entrepreneurial, I’m ready to help.
Let’s get you the approval you actually deserve.
