Business Owner Pre-Qual Calculator

1. Your business & income

Use your personal income, not business sales. If you don’t know an amount, we can show what needs review instead.

What are you planning? Business structure Completed years in business Income information available What are those figures based on?

Most recent completed year — personal income ($)Use net self-employment income plus other recurring personal income. Do not enter gross sales or count income twice.Previous completed year — personal income ($)

Did either year include a personal or business loss?

Where do I find these numbers?

For a sole proprietor, start with net business income from your tax records. For a corporation, use personal salary and dividends, not corporate revenue or retained earnings. Your accountant or mortgage broker can help confirm the figures and avoid double counting.

This quick estimate covers one applicant. A joint application needs a separate review of both applicants’ income and debts.

2. Your purchase & debts

Down payment available ($)Down payment sourceProperty type

Your outstanding debts

Enter 0 if none. Include each obligation only once.

Combined credit-card and unsecured line-of-credit balances ($)

Auto-loan payment ($)Payment frequency

Student loans Other ongoing payments / month ($)Include support payments, personal loans and other mortgages. Exclude the new home’s housing costs.I have reviewed the debt amounts, including any zeroes.

3. Mortgage assumptions

Illustrative contract (interest) rate (%)A planning assumption, not a current rate offer.AmortizationFirst-time buyer or newly built home?Used to assess the 30-year insured planning illustration.

Your estimate uses personal income only. Corporate profit, retained earnings and possible expense adjustments require a separate review.

Optional: add details for a business-income review

These details shape your preparation checklist only. They do not increase the estimate.

Ownership (%)Corporate net income before tax ($)If there was a loss, select Yes on step 1 instead.Retained earnings ($)Potential expense adjustments ($)For example, capital cost allowance. Subject to review.

1. Your business & income

2. Your purchase & debts

Your outstanding debts

3. Mortgage assumptions

What needs review

Your next step