Thank you for reaching out to the Canadalend team with your question regarding the mortgage process and tax returns.
"Why mortgage lenders need tax return information" is something that is asked quite often.
The majority of mortgage lenders require tax return information if an individual would like their bonuses to be included in their salary, or if the individual is self-employed. Someone who is self-employed would have to provide a tax return as they would not have any income statements coming in from a company.
I hope this has been helpful! Please feel free to contact Canadalend directly if you have any other mortgage related questions or if you would like to find out more about how we can help you with your mortgage needs.
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