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A 2 year average of your net income earnings is used. If you're Sole Proprietor this is your line 135. If you are Incorporated, this is the salary of dividends you pay yourself. With this method you can put as little as 5% down.
If you have a down payment of 20% or more, we have some lenders that will consider using a 2 year average of your T4A's. This can have a substantial difference, since this is your gross income before tax write offs & deductions.