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Gross Up Mortgage - Non-Taxable Income

For borrowers with non-taxable income, lenders may now gross-up this income for the purpose of mortgage qualifying. Some examples of non-taxable include are foster care, ministry work, non-taxable pension, and Indian Act Exemption for employment income.

  • Borrowers with non-taxable income less than $30,000, are eligible to have their entire non-taxable income grossed-up by 25%

  • Borrowers with non-taxable income of $30,000 or more, are eligible to have their entire non-taxable income grossed-up by 35%

Gross Up Mortgage Example:

Mr. Smith takes care of two foster children and receives $36,000 a year tax-free.

Borrower(s) non-taxable income * Gross-up factor = Grossed-up income

$36,000 * 1.35% = $48,600 (Total Grossed-up Income) 

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