Reviewed by Micky Khaneka, licensed mortgage broker
A self-employed mortgage in Mississauga is built from notices of assessment, financial statements, and business bank statements.
MKG Mortgages matches those records to a stated-income or business-for-self program for owners in Cooksville, the Square One area, and the rest of the city.
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 filings: year-one net income of $70,000 and year-two net income of $95,000 after wages, on a Cooksville restaurant. A lender that averages the two years uses $82,500. A lender that takes the most recent year uses $95,000. On an illustrative 4.6% and 25 years, that gap is roughly $60,000 of mortgage, before debts and the down payment.
These are the kinds of self-employed mortgages files we structure in Mississauga.
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.
Cooksville and the Square One area have a lot of owner-operated shops and restaurants, where cash-flow and deposits need a paper trail. Port Credit and Streetsville include more professional practices. Meadowvale, Erin Mills, and Churchill Meadows are where those owners often want the house, so the business documents and the property are in different parts of the city.
Cooksville and the Square One area have a lot of owner-operated shops and restaurants, where cash-flow and deposits need a paper trail. Port Credit and Streetsville include more professional practices. Meadowvale, Erin Mills, and Churchill Meadows are where those owners often want the house, so the business documents and the property are in different parts of the city.
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.
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People ask how self-employed mortgages works on a Mississauga 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.
It means using notices of assessment, accountant-prepared statements, corporate returns, or a full set of business bank statements when there is no employment letter. The lender is still verifying income. The documents are just different.
A business under two years has fewer lenders, not zero. We look at what you can prove so far and which programs accept a shorter history.
Often yes, for financial statements or a letter that explains a one-time expense. We ask for that early so it is not a condition three days before closing.
Then many prime lenders will follow the assessment. Some alternative programs weigh bank statements as well. We pick the path that fits the documents you have, and we tell you what is missing.
They can be, for a business whose deposits need explaining. They support the income story. They do not replace it.
The other services in this list each have a Mississauga 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 Mississauga 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.
Mississauga area hubSelf-Employed Mortgages is written for each city MKG serves, not only Mississauga. 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 Mississauga 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.