DID YOU KNOW That Community Trust can consider T1 General’s as confirmation of BFS Income?

Option 1:    2 Year Average of GROSS PROFIT minus Rent, Property Tax, Salaries, Wages, Fuel (if Transportation Business) = QUALIFIED INCOME 

(If the most recent year income is lower, this must be used to qualify).

Option 2:    2 Year Average of NET INCOME + 20% Gross Up = QUALIFIED INCOME (Not to exceed Gross Income) 

(If the most recent year income is lower, this must be used to qualify).

Take advantage of this incredible policy Community Trust has in place as it will save a LOT of time on the review of your documentation and help your file fund more quickly!