Proudly part of the Dominion Lending Centres Group of Companies — Canada's #1 mortgage originator · $84.5B funded in 2025, more new mortgages than any bank, credit union or trust company.Part of the DLCG · Canada's #1 originator of new mortgages · $84.5B funded in 2025.DLCG · #1 for new mortgages · $84.5B in 2025If you're self-employed and your personal income looks too lean to buy, the insured stated-income program qualifies the purchase on your business instead — 10% down, on the corporate documents your accountant already prepares. See your exact premium and what stating income actually costs.
PST on the insurance premium is paid at closing in ON (8%), QC (9%) and SK (6%). Other provinces: none.
A standard insured mortgage at the same down payment would cost $22,320 (3.10%). Stating income runs $19,800 more — the price of qualifying without a traditional income proof.
Premium can be added to (financed in) the mortgage. PST on the premium, where applicable, is paid in cash at closing.
Calculators give estimates. We give exact numbers — based on your income, credit, and the lender most likely to say yes. Free, no obligation, same-day reply.
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Which lane fits depends mostly on your down payment. The insured (Alt-A) lane needs 10%+ down; the alternative (B-side) lane needs 20%+ but has no price cap, qualifies on 12 months of bank statements, and even allows a borrowed down payment. The tools below price both — the true cash-flow income the B-side uses, and which lane is genuinely cheaper all-in.
B-side rates and fees are illustrative and vary by lender, term and credit — as a rough guide, current B-side pricing starts near 4.89% on a one-year fixed with about a 1% lender fee (minimum around $2,500). We match your file to the specific lender and term. Run a B-side payment → · Ask Ramin which lane fits →
Alternative lenders don't use your T1. They take 12 months of business deposits, subtract your real hard costs, and qualify you on what's left. Many owners declare $30–40K for tax but have six-figure true cash flow.
Everything that actually landed in the business account over the last year — the true top line.
The unavoidable ones: rent, materials, fuel, and salaried/hourly staff you must pay regardless. Not your personal draw.
For contrast only — the B-side does not use this number.
You declared $40,000 for tax, but your true cash flow qualifies you on $140,000 — about 3.5× more. That gap is exactly what keeps self-employed buyers out of an A-lender and into this lane.
Estimate only, not a guarantee of approval. Lenders review the actual statements, the business type, and how consistent the deposits are; a reasonable, supportable figure is what qualifies — this is not no-doc lending.
The insured (Alt-A) lane has the lower rate but a large one-time insurance premium. The alternative (B-side) lane charges a higher rate plus a lender fee, but no premium. Over a real hold the premium can outweigh the rate — so the true all-in cost sometimes wins on the B-side.
$170,000 down.
B-side lenders often allow 30–35 years; insured caps at 30 (first-time buyer or new build).
The premium is a fixed cost; the longer you hold, the more the low insured rate earns it back. Short holds favour the B-side.
Standard insured pricing — insured fixed is around 4.2% today (variable near 3.6%). Edit to your quote; the premium is added automatically from the Sagen stated grid.
Alt-lender stated rate — edit to your quote. Stated B-side often prices a little above a vanilla B rate.
Typically ~1% of the loan, minimum around $2,500.
Where it flips: The B-side is cheaper all-in if you hold this mortgage under about 3.8 years; hold longer and the insured lane's lower rate earns its premium back and wins.
Estimates, not guarantees. All-in APR uses Canadian semi-annual compounding and assumes each rate holds for the hold period (a B-side term may be shorter and renew). Premium is the Sagen insured stated grid; the B-side rate and fee are illustrative — we price your actual file both ways. Not advice or an offer of credit.
If your business income is genuinely provable — or you're paid in U.S. or Korean income — a federally-regulated bank may take it at prime rates, skipping both the insured lane's premium and the B-side's lender fee. These programs go up to 80% loan-to-value, allow a 30-year amortization with no rate premium, and accept rental and corporate income. It won't fit every file, but when it does it can beat both lanes above outright — so it's worth checking before you assume stated income is the only route.
See self-employed & foreign-income programs → · Ask which lane fits your file →
A stated-income mortgage qualifies a self-employed borrower on what their business actually earns — corporate financials, bank statements and a reasonable, supportable income for the industry — rather than the low personal income many business owners deliberately declare. It is not no-doc lending: the stated income must be reasonable and documented. It just changes what counts as proof, so you don't have to inflate your personal draw (and personal tax) to satisfy a lender.
At least 10%. Five percent is not available on the insured stated-income program — the minimum is 10% down, and the maximum loan-to-value is 90%. The purchase price must be under $1,500,000 (max insured price $1,499,999).
Meaningfully higher than a standard insured mortgage, because the insurer takes more risk without traditional income proof. At 10% down it's 5.85% of the loan on a 25-year amortization (6.05% on 30 years), versus 3.10%/3.30% standard. The calculator shows your exact premium and the dollar gap versus standard insured at the same down payment.
Self-employed borrowers with at least two years of business-for-self tenure, a clean two-year credit history, no mortgage defaults in the last seven years and no prior bankruptcy. Commission income is not eligible. Your stated income must be reasonable for your industry, length of operation and type of business, and confirmed with recent Notice of Assessment showing no tax arrears.
Often yes. With 20%+ down you can move to alternative (B-side) stated income, which is usually easier to qualify for, isn't capped at the insured price limit, and at some lenders allows a 35-year amortization — and even a borrowed down payment, including from a non-family member, which insured mortgages don't allow. It's uninsured, so the cost is the rate plus a lender fee rather than a large premium. The all-in cost tool on this page shows exactly when that works out cheaper: the insured lane's lower rate carries a one-time premium (3.30% of the loan at 20% down, up to 5.85% at 10% down), and over a shorter hold the B-side's fee can beat it. We price your exact file both ways.
No. If the price is above the insured cap, the down payment is borrowed, or the file is simply tight, the B-side is the path — same stated-income idea, qualified on 12 months of business deposits minus your real hard costs, with no price cap and a borrowed down payment allowed. Never assume a declined insured file means you can't buy.
Sometimes. If your business income is genuinely provable — or you earn U.S. or Korean income — a federally-regulated prime bank may qualify you directly at prime rates, up to 80% loan-to-value, with a 30-year amortization and no rate premium. That skips both the insured premium and the B-side lender fee. It doesn't fit every file, but when it does it's usually the cheapest option of all. Ask and we'll check whether your income qualifies.
It depends how much more you'd have to declare. Declaring income means paying extra personal income tax every year — a recurring cost, unlike the insured premium (one-time) or B-side fee. If you only need to show a little more, going prime can be the cheapest path; if you'd need to declare a lot, the extra tax usually outweighs the premium. The all-in tool on this page has a 'tax angle' toggle that models all three side by side. Important: we are mortgage brokers, not accountants — those tax figures are generic illustrations for information only, and an incorporated owner can often qualify without drawing and taxing the income personally. Confirm your real numbers with your accountant.
It's one of the cleanest ways to get a business-for-self client into a home. You keep their declared income lean for tax purposes, and they still buy — qualified on the corporate documents you already prepare. When that financing opens through a referral, your client sees an accountant who solves problems well beyond the T2.
Last updated: July 2026. The insured stated-income program is offered by Sagen and Canada Guaranty — CMHC does not insure stated income. The premiums shown reflect the current Sagen Insured Stated Income program (via First National); Canada Guaranty’s own schedule is confirmed on your file rather than published here. The 10%-down minimum, 90% max LTV and under-$1,500,000 price cap are program rules; premiums include the +0.20% surcharge on 30-year amortizations.
Related: Mortgage insurance — standard premiums → · For accountants & their clients → · Self-employed mortgage programs →
Every calculator here is built on published Canadian government rules and lender methodology, and was last checked for accuracy on August 1, 2026 — the arithmetic re-verified and every page re-read on screen. Rates and thresholds change — we confirm the current numbers for your file before you rely on them.