📙"Budget 2024 announces the government’s intention to consult with the mortgage industry on making available a tool through the Canada Revenue Agency to complement the existing strategies of financial institutions to verify borrower income for mortgages." —Page 88 of Budget 2024 Mortgage lenders and originators have been

Profitable mortgage brokers who want to scale their business run into the same obstacle over and over. New agents they hire can't replicate how the broker-owner interacts with customers. That's a worry if you're a consummate pro. Your business wouldn't be successful

Mortgage lenders commonly ask applicants for Canada Revenue Agency (CRA) income documents like Notices of Assessment (NOAs). They do so to confirm income (typical for self-employed borrowers), make sure no taxes are owed, and help mitigate fraud and human error. But borrowers don't always keep their financial life