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Bank-Statement Income Calculator (Self-Employed)

Estimate your qualifying income using your business bank deposits — perfect for Canadian self-employed business owners such as contractors, beauty professionals, home daycares, pet groomers, drivers, consultants, and other service-based entrepreneurs.

1. Bank Statement Details

Most lenders now require 12 months of business bank deposits.
This tool is popular for contractors, beauty professionals, home daycares, pet services, gig workers, and other Canadian self-employed business owners.

2. Lender Income Assumptions

Common alternative-lender range: 50%–70%.

3. Optional: Monthly Debt Payments

How to Use This Calculator


1. Choose between 6 or 12 months of bank statements.

(Most lenders now prefer a full 12-month review, since it shows consistent business performance


2. Add the total deposits shown on your business bank statements.

Include only revenue deposits. Exclude refunds, transfers, or personal deposits.


3. Select the percentage of deposits lenders typically use.

Alternative lenders often use 50%–70% of deposits to account for business expenses, depending on your industry.


4. (Optional) Enter your monthly debt payments.

This does not affect the math but helps create a more accurate financial summary.


5. Click “Calculate Qualifying Income.”

Your estimated qualifying income — monthly and annual — will be displayed instantly.


6. Share or save your results.

Use the built-in share button to send your summary to yourself, a broker, or a business partner.


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