Quote:
Originally Posted by Zevo
I bartended for years. I only claimed a small portion of my tips. Only enough to hopefully keep me off Revenue Canadas radar...which it did.
Why would I declare income that I can't use to get a mortgage or a loan of any kind. Seemed like a fair tradeoff.
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Cecil is right. If you claim tips and have at least a two year history of it supported by your NOAs and T1G's, you will be able to use it for mortgage qualifying purposes