Region served
On parental leave, a lender can count your pre-leave salary if your employer confirms you are coming back. What a Bas-Saint-Laurent file needs.
The lender wants to know whether the income will continue. A new employer in the same field goes over well. A probation or a leave is handled according to the employer’s letter and the expected return date. Policies vary enough that a single decline settles nothing.
An employment letter stating the position, the salary, the start date and, where relevant, the end of probation or the expected return date. Add whatever pay stubs you have and your notices of assessment from earlier years: they show the income kept going through the change.
Two years of notices of assessment, recent pay stubs and an employment letter. The lender goes by what your tax records show, not by what lands in your account. Income that shows up nowhere doesn’t count toward a purchase in Bas-Saint-Laurent.
The lender picks the period: current-year income, a two-year average, or an employment confirmation. It depends on how you’re paid.
Notices of assessment, tax returns, financial statements, pay stubs, deposit records: gather them before you make an offer. A short financing condition only works if the file is ready, because the delay nearly always comes from someone who hasn’t sent their document.
Your pre-leave income can be used if the employer’s letter confirms the position and the return date. Without the letter, the leave benefit is the base, and it’s much lower.
To prepare
Yes. It all runs by phone, email or video call, and documents go through online. We can meet in person, but most files get settled without anyone having to travel.
Not necessarily. Several lenders accept a file during probation when the employment letter is clear and the field is the same. Others ask for three months. That is 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.