Self-employed in Canada? Your tax savings could be affecting your mortgage approval! 🏡💰
Saving $25,000 in taxes sounds great, but what if it could mean $150,000 less in mortgage buying power?
When you're self-employed, tax write-offs can reduce the income lenders see on your tax return—even when your business is doing well.
The good news? With proper planning, some lenders may consider add-backs, business history, and additional financial documents. ✅ Plan before filing your taxes. ✅ Understand how lenders calculate your income. ✅ Explore your mortgage options before applying.
📩 Comment “SELF-EMPLOYED” to understand what lenders may see when reviewing your mortgage application!