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Stated income mortgages for self-employed borrowers in Calgary, Edmonton and across Alberta. Qualify on business income, not just your tax return.
The short answer
In Alberta, a stated income mortgage lets self-employed borrowers qualify using business financial statements and bank deposits instead of net taxable income alone. It is widely used by tradespeople, owner-operators, energy-sector contractors and small business owners in Calgary, Edmonton and the surrounding regions.
A large share of Alberta borrowers are paid through invoices or settlements rather than payroll. Lenders active in this province are used to assessing contract income, seasonal work and rotational schedules.
Construction, trucking and field work slow in winter. A twelve-month review smooths those months out rather than treating them as instability.
Acreages, rural properties and small-town purchases need lenders comfortable outside the major centres. Matching the property to the right lender matters as much as the income story.
Illustrative case studies
Incorporated renovation contractor, 6 years in business
A Alberta buyer with strong credit, a 20% down payment and two years of filed returns showing heavy but legitimate write-offs.
How the income is calculated
Roughly $576,912 in mortgage capacity on stated income, versus about $263,004 on the net figure alone.
Commission-only realtor, 4 years licensed
A Alberta buyer with strong credit, a 20% down payment and two years of filed returns showing heavy but legitimate write-offs.
How the income is calculated
Roughly $606,606 in mortgage capacity on stated income, versus about $301,182 on the net figure alone.
Sole-proprietor IT consultant on long-term contracts
A Alberta buyer with strong credit, a 20% down payment and two years of filed returns showing heavy but legitimate write-offs.
How the income is calculated
Roughly $579,033 in mortgage capacity on stated income, versus about $246,036 on the net figure alone.
For demonstration purposes only. These case studies are hypothetical examples created to show how stated income calculations work. They are not real clients, not guarantees, and not an offer of credit. Actual qualifying income, rates and approvals depend on the lender, your documentation, credit profile, down payment and the property.
Each guide covers how stated income lending works in that market.
Not on the list? We work throughout the province — including rural and small-town purchases.
204 cities, towns and communities across Alberta. Each page explains how stated income lending works in that market.
Yes. They are a regulated lending product offered by Canadian lenders. Income must still be documented and declared truthfully — the difference is which documents are used to establish it.
Down payment requirements are set by the lender and insurer rather than the province. Self-employed programs commonly ask for more than the minimum, and we confirm the requirement before you shop.
Send your details and we'll review your business income the way a self-employed lender does — no credit pull to start the conversation.