Mortgage for the self‑employed

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At a glance

Are you a self-employed worker or business owner who is unable to provide standard proof of income?

Our mortgage for self-employed workers is designed with you in mind, so you can finance or refinance your dream home.

Perfect if you are looking to:

Put as little as 10% down¹
Refinance your mortgage for up to 80%¹ of the value of your property
Take out a mortgage loan with a fixed or variable rate
Withdraw up to $60,000 from an RRSP to make a down payment under the Home Buyers' Plan (HBP)
Withdraw from your FHSA (Tax-free first home savings account) to finance your first home

Quick tip

Our handy calculators lets you try out different scenarios so you can estimate your borrowing capacity and monthly payment amounts.

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2 key eligibility criteria

What type of property can you buy?

Properties are eligible if they have no more than two dwellings, one of which must be owner-occupied. The property value can be no more than $1,500,000. The loan limit is $750,000 in the Calgary, Vancouver, and Toronto metropolitan areas, and $600,000 in other regions.

Are you eligible?

You must have been a self-employed worker or small business owner for at least two years, and show two years' worth of sound financial and credit management.

Contact an advisor for details and conditions.

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Quick tip

Are you interested in starting your own business? Read our useful tips so you can hit the ground running.

Little details that matter

Learn about our mortgage solutions

Mortgage loan

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Whether you want the peace of mind that comes with a fixed rate, the potential interest savings of a variable rate, or a combination of the two,¹ we've got the right mortgage for you.

See our mortgage loans

Insuring your home equity line of credit

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Make sure your monthly payments are made in case of disability, critical illness or death, and protect the financial future of your loved ones.¹

See loan insurance

See all our solutions

Ready to become a homeowner?

Meet with a mortgage advisor to find the best solution for your situation as a self-employed worker or small business owner.

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When using our Virtual Assistant Service (the "Chatbot"), you accept these Terms of Use, which are subject to change without notice. Furthermore, you agree to consult these Terms of Use from time to time and acknowledge that your continuing use of the Chatbot means that you have accepted any changes that may have been made. Your continued use of the Chatbot means that you’ve read, understand and agree to these Terms of Use, the Terms of Use for our website, our Online transaction services, and to our privacy policy. You also understand any other agreements that you have with us will continue to apply when you use the Chatbot.

1. Our Services and your responsibilities

The Chatbot is an automated service which is integrated into our online banking platform.

The Chatbot is preprogrammed to answer general questions concerning the use of our online banking platform solely for informational purposes. The Chatbot is not able to answer questions on personal monetary transactions or products you hold with us.

By using the Chatbot, you understand and agree that:

The Chatbot does not provide financial advice or financial planning services.
The Chatbot does not conduct any banking transactions.
The Chatbot may not be able to answer all your questions. Therefore, it may not be able to provide you with the information you require. You must judge whether the answer provided responds to your question accurately. In the case of uncertainty, a customer service representative would be happy to help you. You can call us toll free at 1-888-483-5628 or 514-394-5555.
The Chatbot is not a complaint service. You cannot use the Chatbot to file complaints. If you have any complaints, you can contact us at the number indicated above.
We monitor, record and store the discussion that you have with the Chatbot to improve our interactions with our clients.
You will not provide the Chatbot with any confidential, personal, or private information. For example, you will not provide the Chatbot with your login information, PIN or other personal banking information.

2. Limitation of Liability

You acknowledge that we won’t be liable for any losses or damages that you may suffer as a result of your use of the Chatbot, including if the Chatbot is unavailable for any reason.

We cannot guarantee that the results obtained via the Chatbot will be accurate and reliable and that the answers provided will meet your expectations.

We will not be held liable for damages you incur as a result of:

Any delay, error, interruption or omission on our part or any other event beyond our control.
Any deficiency or technical error or any unavailability of our systems and wireless networks.
Your failure to meet any of your obligations.
Any amendment to or suspension, refusal or blockage of the Chatbot.
Any decision or measure you take in response to information and data obtained via the Chatbot.
Any other damages you may incur that are not caused by negligence on our part.

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You have requested that these Terms of Use, and related documents be drawn up in English.

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These Terms of Use are governed and must be interpreted in accordance with the laws in force in the province or territory where you reside. If you reside outside Canada, the laws in force and the courts of competent jurisdiction are those of the province of Quebec.