Is your contract with the same employer you were with when you were salaried? Just switched to being paid as an independent contractor?AbdurR62175 wrote: ↑ Looking for mortgage approval. I contacted RBC but the person told me he is not aware of the new CHMC rule for self-employed so he is going to do some research and get back to me. I came here in Canada in 2016
2016 T4 filled - 58K
2017 T4 Filled - 110K
2018 - Contract job 70 an hour 40 hours a week.
Believe based on new CHMC rules I dont need to show up 2 years incorporation tax filing ( I have it but nill tax filing as I was doing permanent job and incorporation was untouched starting 2016).
Can anyone tell me if I can get mortgage approval of around 500K for a townhouse/semi detached in southern ontario?
Mortgage Broker, Author
CityCan Financial Corp (lic. 10532)