Below is a list of the documentation you may be asked for once you’re under contract to purchase a home. It’s important to note that you don’t need any documentation to prequalify and that this is a generic checklist. Your RBC Bank cross-border mortgage advisor will provide you with a customized checklist for your individual situation.

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Citizenship and Immigration Documents

  • Copies of your passport and/or work visa
  • Social Insurance Card and/or U.S. Social Security Card

Confirmation of Income

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  • Notice of Assessment for the past two years, plus:

  • Pay stub reflecting 30 days’ and year-to-date income
  • Most recent two years of T4 (Canadian statement of remuneration) and/or W2 forms (U.S. wage and tax statement)

  • Most recent two years of T1 (Canadian personal tax return) and/or 1040 Form (U.S. individual income tax return) including all schedules
  • Most recent two years of T2 (Canadian corporate tax return form) and/or Form 1120 (U.S. corporate business return form)
  • Trust documents (if applicable)
  • In an LLC/HoldCo, articles of incorporation and attorney opinion letter (if applicable)

  • Verification of retirement income, including pension statements and T1 General

Purchase Agreement

  • For purchases under contract, a copy of the executed Purchase Contract as well as all addenda

Existing Mortgage and Property Statements

  • Most recent 12-month mortgage payment history, mortgage and line of credit statements for all properties owned in Canada or abroad
  • Most recent insurance and property tax statements for all properties owned in Canada or abroad

Account Statements

Most recent two months of statements each account you hold for the account types below. Statements must include your name, account number, all pages, bank name, beginning and ending balances, time period

  • Personal checking and savings
  • Line of credit if you are using those funds to close on your new home
  • RSP accounts (registered and/or non-registered)
  • Investments/ brokerage if using for funds to close on home

Insurance Documents

  • Home owner’s insurance policy
  • Flood/hurricane/wind insurance policy if required