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While you’re on parental leave, a lender can count your pre-leave salary if your employer confirms you’re coming back. What a Amqui file needs.
The lender wants to know whether the income will continue. A change of employer in the same field holds up well. A probation or a leave depends on the employer’s letter and the expected return date. Policies differ enough that one no isn’t the final word.
An employment letter stating the position, salary, start date and, where it applies, the end of probation or the expected return date. Add whatever pay stubs you have, plus your notices of assessment from earlier years. They show your income carried through the change.
Two years of notices of assessment, recent pay stubs and an employment letter. The lender trusts what your tax records show, not what lands in your account. Income that shows up nowhere doesn’t exist for a purchase in Amqui.
Depending on where the income comes from, the file in Amqui may need the current year, a two-year average, or just confirmation of employment.
Notices of assessment, tax returns, financial statements, pay stubs, deposit records. Have it all ready before you make an offer. That’s what lets you work with a short financing condition, since the delay nearly always comes from a third party who hasn’t sent their paper yet.
Your pre-leave income can be used if the employer’s letter confirms the position and the return date. Without that letter, the leave benefit becomes the base, and it’s a lot lower.
To prepare
Yes. Phone, email or video call, with documents sent online. We can meet in person if you’d rather, but most files get done without anyone driving anywhere.
Not necessarily. Several lenders accept a file during probation if the employment letter is clear and the field hasn’t changed. Others want three months. That’s their internal policy, not a general rule.
Pick the situation closest to yours.
Contact
Buying, renewing, refinancing, or something a bit out of the ordinary: tell us where you’re at, even if it’s still fuzzy. Mathieu gets back to you with next steps and the documents to pull together.