Forms & Documents

Not sure what docs we are asking for? Take a look below.

Also, We have provided some commonly needed forms.

Sample Documents

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Notice of Assessment

(NOA 2014 and older)

 

You will receive this document from the government once you have filed your annual income taxes. Lenders generally request the last 2 years NOA to confirm your taxable income and any outstanding taxes that may be owed to Revenue Canada. If you cannot locate your NOA, your accountant may have a copy or you can get acces to it online through the CRA - 

Notice of Assessment

(NOA 2015 to present)

 

You will receive this document from the government once you have filed your annual income taxes. Lenders generally request the last 2 years NOA to confirm your taxable income and any outstanding taxes that may be owed to Revenue Canada. If you cannot locate your NOA, your accountant may have a copy or you can get acces to it online through the CRA - 

T2 Corporate Tax Return

 

A multi-page document that you complete either on your own, with a tax company like H&R Block, or your accountant for submission of your company taxes to Revenue Canada. It will contain a more detailed explanation on your income sources. Lenders will generally request these for incorporated companies. If you cannot locate your T2 Corporate Tax Return, you should be able to obtain a copy from whomever you filed your taxes with. 

T1 General Tax Return 

 

A multi-page document that you complete either on your own, with a tax company like H&R Block, or your accountant for submission of your personal taxes to Revenue Canada. It will contain a more detailed explanation on your income sources. Lenders will generally request these for self-employed individuals or those who derive their income from more than 1 source. If you cannot locate your T1 General, you should be able to obtain a copy from whomever you filed your taxes with. 

Statement of Business Activities 

 

If your income is derived solely or partially from a self-owned business, a Statement of Business Activities is a document that must be completed when you file your income tax return. It provides a detailed break down of your income and the expenses you have incurred. Lenders will require you provide this document if you are self-employed (Sole Proprietor). If you cannot locate your Statement of Business Activities, you should be able to obtain a copy from whomever you filed your taxes with. 

Statement of Real Estate Rentals  

 

If you receive rental income, a Statement of Real Estate Rentals is a document that must be completed when you file your income tax return. It provides a detailed break down of the rental income and the expenses you have incurred. Lenders may request this form, not always required. If you cannot locate your Statement of Real Estate Rentals, you should be able to obtain a copy from whomever you filed your taxes with. 

Forms

Gift Letter  

 

A lender will require you to provide a gift letter if any or part of your downpayment for a mortgage is being gifted by a family member, relative or friend.  Lenders may have their own gift letter for you to use if not one is provided here.

Contract of Purchase and Sale  

 

A contract of purchase and sale is usually done up by a realtor.  If this is a private sale you will be required to complete a Contract of Purchase and Sale along with a Property Disclosure Statement.  

Property Disclosure Statement (PDS)  

 

Homeowners listing a property for sale will be asked to complete a detailed residential Property Disclosure Statement (PDS). A PDS can reduce the chance of a misunderstanding by allowing sellers to advise buyers about the condition of the property.

Form B (Strata Form)  

 

A Form B is the strata corporation's information certificate that outlines the regulations pertaining to a strata property (Such as a condo). When purchasing a property within a strata, the contract is subject to receiving and approving a Form B. Required contents of this form are set out in the Regulations of the Strata Property Act.

Residential Tenancy Agreement  

 

When using rental income, lenders will request a copy of the Residential Tenancy Agreement. If you do not have one already, you can use this form.  

T1036 Home Buyer's Plan (HBP)  

 

Request to withdraw funds from an RRSP for the Home Buyer's Program using this form

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Krystal  250.219.3861
Kaela  250.219.3862
Email  info@themortgageduo.ca
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