MKG Mortgages · GTA
Reviewed by Micky Khaneka, licensed mortgage broker
MKG Mortgages arranges self-employed mortgages across the GTA from the documents the business already produces: notices of assessment, T1 Generals, financial statements, and business bank statements.
Stated-income and business-for-self programs with A lenders and alternative lenders are built around those records. We match the file to the program that can use them.
Micky Khaneka, licensed mortgage broker, M21002608, FLOW Lending Group, Brokerage #12864
MKG matches the documents you have filed to a program that can use them. CMHC can gross up verified income or add back deductions the program allows. Sagen and Canada Guaranty stated-income programs still keep line 15000 and the bank statements.
An illustrative example uses two years of assessments, or salary plus dividends, and shows that one lender averages the years while another stops at a single line. Business deposits have to support the story. An accountant's letter can explain a figure.
Illustrative example
The challenge. The business deposits were healthy, and the taxable income on the return was lower because of ordinary write-offs.
How MKG structured it. We built a business-for-self file with an alternative lender, added back the expenses that lender allows, and supported it with two years of notices of assessment and business bank statements.
Illustrative example
The challenge. A salary letter did not show the dividends the owner actually took from the company.
How MKG structured it. We used two years of T1 Generals, the corporate financials, and the dividend record. An A-lender program that accepts salary plus dividends was the fit.
Illustrative example
The challenge. Commission landed in uneven months, so a single pay period did not describe the year.
How MKG structured it. We averaged two years of commission income from the T1 and notices of assessment, and attached the year-to-date commission statement and deposit history.
Illustrative example
The challenge. Income arrived as many small platform deposits, with no employer letter.
How MKG structured it. We documented the work with notices of assessment and business bank statements that show the platform deposits, then placed it with an alternative lender that reads those records.
Illustrative example
The challenge. There was one full tax year, plus contracts and a strong year-to-date.
How MKG structured it. We used the filed year, the contracts, and business bank statements with an alternative lender. Where a prime file needed more history, a co-signer or a short private mortgage bridged back to prime.
Illustrative example
The challenge. Canadian credit was short, and the company was new, while the down payment was already saved.
How MKG structured it. We traced the down payment, used the business bank statements and the job or contract on file, and structured the purchase with a newcomer program and a co-signer where that strengthened it.
The program follows the documents you have filed and the statements that support them.
The returns come first, including a weaker year. Then the bank statements and any contracts that explain a jump. Then the lender whose worksheet can use add-backs or a stated-income path. A newer business has fewer lenders, not a blank file.
01
Notices of assessment, financials, and business bank statements each have a place. We match the program to the documents you have.
02
A lenders and alternative business-for-self programs read the same records differently. We send the file to the one that can use it.
03
We tell you which statements, contracts, and tax documents to gather so the file is ready the first time.
Not always. An insured self-employed program may offer lower insured rates than an alternative lender, subject to approval. MKG shops lenders on policy, rate, and flexibility, including prepayment and portability. No specific rate is promised on this page. The lender still decides.
We look at add-backs a lender allows and at programs that also read the business bank statements.
One filed year, contracts, and year-to-date statements can still be a complete file for the right lender.
Salary, dividends, and the corporate financials are laid out so the lender can use the income you actually take.
Yes. Insured and conventional programs can read the business, not only line 15000. You may qualify with less than 20 percent down, subject to lender and insurer approval. The documents still have to be in the file. The lender still decides.
Many owners in the GTA keep personal income low on purpose. A sole proprietor writes off the truck, materials, and depreciation. An incorporated owner takes a small salary or dividends and leaves the rest in the company. Line 15000 on the T1, the total income that also shows on the notice of assessment, is where a standard file starts. It is not the whole business.
You can still qualify. Lenders look past that line with legitimate documents: the T1 and T2125, corporate financial statements, articles of incorporation, GST/HST returns, and business bank statements. Insured programs from CMHC, Sagen, and Canada Guaranty are one path, generally with 5% or more down, and the current sheet has to be confirmed because the minimum is not the same at every insurer. A conventional A-lender program at 20% down can gross up income or add back expenses, depreciation, and, for a corporation, retained earnings. An alternative lender reads the bank statements when the tax line is still too thin. A private or second mortgage is the short bridge when the closing date will not wait, with the exit written down first.
The checklist, the insured-versus-conventional-versus-alternative table, and the worked examples are in Low personal income, strong business cash flow: you can still qualify (insured and conventional).
| Path | What is verified | Down payment |
|---|---|---|
| CMHC verified | NOA, T1, and the business schedule | May be under 20%, subject to approval |
| Sagen or Canada Guaranty stated | Returns kept, plus bank statements | Often 10% or more, program rules apply |
| Alternative or private | The documents that lender asks for | Usually more equity, and a higher cost |
Sources. CMHC — mortgage loan insurance · Sagen · OSFI Guideline B-20 · FCAC — mortgages Published rules change. Read the current page, and confirm tax with your lawyer, before you rely on a figure.
North York, Toronto, Vaughan, Mississauga, Brampton, Oakville, and Milton each have a self-employed page. The document standard does not change with the city. The house might be in one city and the business in another. Both addresses can sit on the same file.
The note below is paraphrased from a public Google review. It is one client's experience, not a promise that the next file ends the same way. A rate in a client's words is not an offer from MKG. The lender still decides.
A self-employed client wrote that the file was organized around the business documents they actually had, after a bank had passed.
Paraphrased from a public Google review of MKG Mortgages. Names and identifying details are left out.
Micky Khaneka is a licensed mortgage broker, FSRA M21002608, at FLOW Lending Group, Brokerage #12864. Canadian Mortgage Professional named him to the CMP Top 75 for 2026, at number 15 in Canada. The lender still decides. The lender still decides.
Micky Khaneka, licensed mortgage broker, M21002608, FLOW Lending Group, Brokerage #12864
The firm serves clients in English, Hindi, Punjabi and Bengali.
Elite Hall of Fame
CMP Top 75 Broker 2026
President's Platinum Club – Top 1%
Pinnacle Club – Top 0.5%
These are the questions that show up before a file is opened. The short answer sits under each one in the page, so you can read it without opening a box. The lender still decides, and a figure in an example is not an offered rate.
No. You may qualify with less than 20% down, subject to lender and insurer approval. Insured programs from CMHC, Sagen, and Canada Guaranty can allow less than 20% down, as low as 5–10% depending on the program, how the income is verified, and the purchase price. An insured mortgage requires a purchase price under $1.5 million. You do not always have to use an alternative (B) lender. An insured self-employed program may offer lower insured rates, subject to approval. Not every bank offers that policy. MKG shops multiple lenders and matches the file on policy, rate, and flexibility.
Yes, many self-employed borrowers do. The file is notices of assessment, T1 Generals, financial statements, and business bank statements. Stated-income and alternative-lender programs still use those records. We start there.
No. We work with the income you have reported and find the program that can use it. Tax advice belongs with your accountant.
Yes, that is a normal self-employed file. Lenders can look past line 15000 on the T1 when legitimate documents support the business: financial statements, bank statements, GST/HST returns, and articles of incorporation. Insured, conventional, and alternative paths read those documents differently. The full breakdown is in our note on low personal income and strong business cash flow.
Book a time or send the statement, the agreement, or the assessments you already have. The first call is free. It is a review of the file, not a promise of approval, and any rate talk stays illustrative and on approved credit.
Any rate or payment mentioned is illustrative and on approved credit (OAC). It is not a quote, a commitment, or a current offer.