Natasha Shaw
“As someone experienced in real estate investing herself, Natasha understands the challenges of building a real estate portfolio over time. The additional effort and thought she puts into strategizing the best approach, and the timing for that…” read more
— Kathryn
“Two years ago, my wife and I got involved with the Armchair Landlord program and Natasha Shaw was our mortgage professional. Actually, this was the first real estate investment we had ever made other than buying our principal residence. Both…” read more
— Jim + Jennifer F.
“I have had the privilege of having Natasha Shaw from Canada Mortgage Direct helping me out with my Mortgage needs. She was able to answer all my questions (speaking from a first time buyer point of view). Also when I dropped the ball on getting…” read more
— Darrel C.
“I have worked with Natasha as my Mortgage Broker. She is efficient, and gets the job done. She made me feel confident and comfortable. I will not hesitate to use her over and over again.” read more
— Christine B.
“Natasha has a remarkable passion for what she does, with an amazing ability to think outside the box. She goes the extra mile to ensure her clients get the absolute best financing for their property needs. We just closed on a property that…” read more
— Mark O.
“I was looking for a home and a mortgage broker. I got lucky!!! I was referred to Natasha by my landlord, he said I would be extremely satisfied with her services… and no question about it I am! As a first-time home buyer, the home…” read more
— Joanne T.
“Natasha walked me through every step of the first time home buyer experience and was able to get me an excellent mortgage rate. Natasha knows her business and I would definitely recommend her to friends and family or anyone who is looking for great…” read more
— Christine D.
“Very professional, personable & efficient. A great mortgage advisor, Thanks! Top Qualities: Great Results, Personable, On Time” read more
— Dr. Elaine B.
“Natasha was able to get us an excellent mortgage at a great rate in a timely manner. She was also able to helps us out with ancillary advise and walk us through each step of the process. I would certainly use her again! Top Qualities:…” read more
— Robert C.
“ I want you to know that we are very pleased with the quality of service you had provided us. We sincerely appreciate your responsiveness and the way you conduct business. We have recommended your services to others because of our satisfaction…” read more
— Anonymous
“Natasha has been the most efficient and most complete Broker we have ever dealt with. She was always very professional and always available whenever the need arose. We recommend her highly.” read more
— Nick and Josephine O.
“I have gotten mortgage advice from Natasha for two of my properties in the past two years. Once when I was moving to Edmonton from New Brunswick in to my first home and the other from Edmonton to Medicine Hat. For myself who moves frequently for…” read more
— Jason C.
“Natasha is a friendly, intelligent and focused mortgage professional. I have had the pleasure of working with her over the last few years and can say with confidence she is always making sure she has the best interests of her clients at heart by…” read more
— Aaron R, BDM @ Lending Company
“Natasha is a very personal and friendly professional who knows what her client wants and advises on the best product for the client's needs. Her step-by-step walkthrough makes buying a new home easy and stress-free. I am very satisfied when…” read more
— Jiasheng C.
Our team understands that many self-employed people withdraw less personal income from their company in order to reduce their personal income tax. While this is great for tax purposes, it requires a special approach when it comes to qualifying you for a mortgage.
These types of loans were very popular a few years ago. They provide the opportunity for a borrower with a good credit score to purchase a mortgage without verification of income. It is important to note that these loans are higher risk!
There are 2 categories of income for self-employed people:
The key to this program is accurately depicting the “stated” part of your income. Meaning, the lenders and insurers are looking to see that the stated income portion (that is submitted to a lender) is reasonable based on the industry, length of operation, and type of business.
If you’d like to discuss whether a Self-Employed Mortgage is right for your particular situation, please Contact Me!
Types of Self-Employment
Sole Proprietorship
A one-owner operation where the owner directs all the activities of the business, assumes all authorities and obligations, and is liable for its business debts. The sole proprietor income is reported to Revenue Canada on the standard tax return (T1 General) together with Revenue Canada's required statement of business or professional activities.
Documents Required:
1. T1 Generals with statement of business activities
2. Previous 2 years’ Notices of Assessment from Revenue Canada (CRA)
3. Business Licence
Partnerships
Partnerships are businesses owned by two or more individuals who share the profits or losses of the business operation. The partnership income is reported to Revenue Canada on the standard tax report (T1 General) together with Revenue Canada's required statement of business or professional activities, which reflects the percentage of the net income or loss for each partner of the enterprise.
Documents Required:
1. T1 Generals with statement of business activities
2. Previous 2 years’ Notices of Assessment from Revenue Canada (CRA)
3. Audited Financial Statements for the previous 2 years prepared by an accountant (CA)
4. Business Licence
Corporations
A limited company or corporation is a legal entity, separate from the persons (all shareholders) who own it. The business can own assets, enter into contracts and conduct business transactions in its own capacity. The company is called limited because the liability of the shareholders is limited to their investment. All provincial corporations must obtain articles of incorporation from the province in which they are registered or may be federally incorporated. The applicant's personal income will be reported by T4 from the corporation.
Documents Required:
1. Articles of Incorporation w/ all schedules
2. Previous 2 years’ Notices of Assessment from Revenue Canada (CRA)
3. Audited Financial Statements for the previous 2 years prepared by an accountant (CA)
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