I expected a favorite lenders to help you see financial money options for the newest thinking-employed. Below, smart words regarding Home loan Jake.

Based on Analytics Canada, over ten% out of Canadians are considered self-employed. To your purposes of getting home financing, the term self-employed simply function it: you’re not for the a regular worker payroll, which have CPP/EI and you may income tax deducted out of your pay all the 14 days. You might own the corporation and you will pay yourself an income, but your paycheck is derived from the organization generating enough money to pay you.