Reviewed by Micky Khaneka, licensed mortgage broker
Self-employed buyers in Milton often live in Willmott, Harrison, or Scott and run the work from a shop, a site, or a home office. The house does not replace the business records.
MKG Mortgages uses notices of assessment, T1 Generals, financial statements where they exist, and business bank statements. A commute to a job site in Mississauga does not change which papers the lender reads.
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.
Illustrated notices of assessment: $64,000 and then $101,000, with business deposits that explain the jump and a year-to-date statement for the months since. One program can average the two years. Another will not use the jump until a third document supports it.
These are the kinds of self-employed mortgages files we structure in Milton.
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 residence might be a new build in Coates or a resale in Hawthorne Village. Downtown Milton includes some owners who work from the house. Milton Heights files need the same income package. The business address and the Milton address are allowed to differ.
The residence might be a new build in Coates or a resale in Hawthorne Village. Downtown Milton includes some owners who work from the house. Milton Heights files need the same income package. The business address and the Milton address are allowed to differ.
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%
People ask how self-employed mortgages works on a Milton property, and what documents come first. The short answers below stay on this page. The lender still decides, and the office is in North York. The lender still decides. Any example figure is illustrative.
Two years of notices of assessment and T1 Generals when they exist, financial statements if you are incorporated, and business bank statements. Contracts help explain a year that jumped.
No. The house can be a builder closing. The income file is still the assessments and the bank records.
Fewer lenders will look. Bring what has been filed and the year-to-date statements. A short history is described as short.
No. We work with what you have filed. Tax planning belongs with your accountant.
The other services in this list each have a Milton page. Open the one that matches the file, whether that is a purchase, a refinance, a renewal, a consolidation, self-employed income, or a private mortgage. The lender still decides. The lender still decides.
The Milton hub names the neighbourhoods, the housing that shows up, and a local example. It links back to these service pages. The office that handles the file is in North York, and the lender still decides. The lender still decides.
Milton area hubSelf-Employed Mortgages is written for each city MKG serves, not only Milton. The local page changes the neighbourhoods and the example. The rules of the product stay the same, and the lender still decides. The lender still decides. Any example figure is illustrative.
Send the agreement or the mortgage statement for the Milton property, or book a call. The first conversation is free. It is a review of this file, not an approval, and the office that handles it is in North York.
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.
Any rate or payment mentioned is illustrative and on approved credit (OAC). It is not a quote, a commitment, or a current offer.