British Columbia
Farming, trucking and trades income across the Fraser Valley.
The short answer
In Abbotsford, a stated income mortgage qualifies self-employed borrowers — farmers, trucking operators, trades and small manufacturers — on documented business income rather than the net taxable figure on a tax return.
Where the property has agricultural zoning, the lender assesses residential value separately from farm value. That distinction shapes the maximum mortgage.
Settlement statements, lease-to-own equipment and fuel costs are read as business costs, not as evidence of weak income.
Documented long-term rent from a legal suite can offset part of the payment and improve the debt-service outcome.
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 Abbotsford 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 $559,776 in mortgage capacity on stated income, versus about $255,192 on the net figure alone.
Commission-only realtor, 4 years licensed
A Abbotsford 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 $588,588 in mortgage capacity on stated income, versus about $292,236 on the net figure alone.
Sole-proprietor IT consultant on long-term contracts
A Abbotsford 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 $561,834 in mortgage capacity on stated income, versus about $238,728 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, though agricultural zoning narrows lender choice and the mortgage is generally based on the residential portion of value.
They are counted as debts in the ratios. Structuring or paying down equipment financing before applying can meaningfully increase approval size.
Send your details and we'll review your business income the way a self-employed lender does — no credit pull to start the conversation.