Broker Resources

Approved! Purchase in Windsor, ON using Contributory income

We used contributory and pension income to approve this owner-occupied property in Windsor.


  • 30-year amortization
  • Contributory Income
  • Pension Income
  • Deal approved at 40.48% LTV
  • 2-year closed
  • Windsor, ON



These longtime homeowners are currently sharing a two-story home with their adult daughter. They’re retired and hoping to age in place by purchasing a smaller, single-story home that’s more accessible in Windsor, ON.


To downsize with the purchase of a one-storey owner-occupied home using the downpayment from the sale of their current property.


We considered $1,200 per month of contributory income from the daughter who will be moving into the new property, pension income from both applicants and a prime credit score of 800 to approve this purchase.

Our clients also received a 5 bps discount off our posted rates through their broker’s MCAN Sprint status!


This family was approved for their mortgage and will be able to start the new year in a new home with fewer mobility challenges.

Behind the Deal – Contributory Income

MCAN Home Discover Alternative Solutions provides Inclusive income calculations to service your clients.

  • Income derived from a family member who lives in the subject property.
  • Can be paid directly to the borrower/landlord, or income may be in the form of contribution to utility bills on behalf of the household. Contributory income is capped at 30% of total borrower income to a maximum of $1,200 per month (whichever is less)
    • Confirmation that the family member resides in the subject property is confirmed as follows:
      • Copy of driver’s license indicating the subject address,
      • Address on paystub matches subject property, and/or
      • Utility bill in the family member’s name

Get complete Alternative guidelines here.

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