Taxes & Your Mortgage: What Buyers Need to Know
Tax season and mortgage approval are more connected than most buyers realize.
In this episode of Mortgage Talk with M.E., Melissa and Michelle break down how tax returns, income changes, property taxes, and even owing CRA can impact your mortgage pre-approval in Canada.
If you're planning to buy in 2026, recently retired, self-employed, refinancing, or had income changes last year — this conversation is for you.
We cover:
• When lenders require tax returns
• What happens if you owe CRA
• How lower or higher income affects your buying power
• Re-doing a pre-approval
• Property taxes — lender paid vs paying the municipality
• Why keeping everything up to date matters
Many buyers don’t realize that unfiled returns or unpaid tax balances can delay approval — sometimes at the worst possible time.
If you have questions about your situation, reach out or comment — we’re happy to help clarify before you apply.
Because clarity creates confidence.
Welcome to The Real Estate Show – Your Ultimate Guide to Navigating the Real Estate World!
Whether you're a buyer, seller, or Realtor, this podcast is designed to empower you with the tools, insights, and inspiration to succeed. Hosted by Michelle Ellis, a seasoned industry expert with over a decade of experience, The Real Estate Show is redefining how we approach real estate by focusing on education, innovation, and collaboration.
For Buyers & Sellers: Learn how to make informed decisions, avoid common mistakes, and confidently navigate your real estate journey.
For Realtors, Discover actionable strategies for growing your business, building stronger relationships, and staying ahead in a competitive market.
Through engaging interviews with top industry professionals and thought-provoking discussions, you'll gain insider knowledge and expert advice that you can apply immediately. But it’s not just about education – it’s about building a community of individuals passionate about elevating the real estate experience for everyone.
Whether you’re just starting your journey or looking to take it to the next level, tune in to The Real Estate Show and let’s redefine real estate together.