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Confirmation of Rental Income
Your confirmation can be obtained from your tax documents for your T1 General by scanning your current lease agreement. If you require an economic rent letter, I would be happy to obtain that on your behalf.
If you do not have a current lease agreement the Ontario templated lease agreement can be found here: https://forms.mgcs.gov.on.ca/en/dataset/047-2229
What is confirmation of rental income?
Confirmation can be proven in three different ways:
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T1 General (amount claimed on taxes)
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Signed current lease agreement
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Market rents by an appraiser
Why do lenders require a confirmation of rental income?
Lenders require confirmation that the rental income declared on the application is accurate.
Where can I find my confirmation of rental income?
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