GIFTED DEPOSIT MORTGAGES. A gifted deposit is a sum of money given to you by a third party as a deposit on a property. There are currently five options currently available for gifted deposit mortgages. These are available on residential and Buy-to-Let purchases.
Assessable income is the income we use to work out your payment rate. If you have a partner, we take both of your incomes into account. Examples of assessable income include: deemed income from financial investments, including money in superannuation funds if you have reached age pension age.
Net Income is simply your Total Income less your RRSP Contributions for the tax year. Estimated Income Tax Payable. The Estimated Income Tax Payable is just that - it is an estimate of the income tax you will be required to pay to the Canada Revenue Agency.