First Time Home Buyer
You are considered a first-time home buyer if in the four year period you did not occupy a home that you owned, or one that your current spouse or common-law partner owned.
Hourly and Salaried Employees
Employment Letter
Confirmation is made on company letterhead, signed by the appropriate individual confirming the position being held and wage. ... If you are a recent hire, the job letter should confirm that the probation period has been passed. Bonuses, car allowances, and other forms of remuneration should be mentioned if applicable.
Paystubs
Two most recent pay stub shows your year-to-date earnings.
T4s
Two most recent consecutive years (ex. 2021 & 2020) to confirm annual income.
Commissioned/Self-employed
Financial Statements
Three to six months banking statements showing deposits of income earned.
NOA (Notice of Assessment)
Two most recent years (ex. 2021 & 2020), to confirm no tax owing.
Statement of Account (from CRA)
To further verify if there is no tax owing.
Personal Tax Returns (Full T1 Generals)
Two most recent years (ex. 2021 & 2020). ... To verify the average income for the current and previous year.
