Alberta
Consultants, energy contractors and incorporated owners.
The short answer
In Calgary, a stated income mortgage qualifies self-employed borrowers on documented business revenue and financial statements rather than net taxable income. The city's large base of energy consultants, incorporated professionals and trades businesses fits the program directly.
Many Calgary borrowers pay themselves a small salary and leave earnings in the company. Corporate financials and retained earnings can be added back with the right lender.
Lenders look at whether contract work has been continuous across cycles, not simply whether the current contract is long.
Prices below the national big-city average mean a documented income lift often unlocks a detached purchase rather than just a bigger condo.
Documented revenue is totalled, a reasonable industry expense factor is deducted, and the resulting qualifying income is tested against debt-service limits at the stress test rate. See the full step-by-step breakdown for the numbers.
Illustrative case studies
Incorporated renovation contractor, 6 years in business
A Calgary 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 $514,080 in mortgage capacity on stated income, versus about $234,360 on the net figure alone.
Commission-only realtor, 4 years licensed
A Calgary 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 $540,540 in mortgage capacity on stated income, versus about $268,380 on the net figure alone.
Sole-proprietor IT consultant on long-term contracts
A Calgary 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 $515,970 in mortgage capacity on stated income, versus about $219,240 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.
Yes. Dividends, shareholder draws and retained corporate earnings are all usable when supported by T2 filings and corporate financial statements.
Not automatically. Strong credit, a solid down payment and clean documentation often price close to standard rates.
Send your details and we'll review your business income the way a self-employed lender does — no credit pull to start the conversation.