What Counts as Proof of Income?

When you apply to rent a property, you’ll need to provide proof of income to verify that you can meet the monthly rent. The specific documents required depend on how you earn your income. Below is a breakdown of what you can submit based on your employment or income situation.

• Your name
• Your position with the company
• Your annual compensation
• The date you were hired
• The letter must be on company letterhead and include a business contact number for the person writing it.

• Your name
• The company’s name
• The date of compensation
• The compensation amount
• The pay period range

• Your name
• Your position with the company
• How many hours per week you typically work
• The date you were hired
• The letter must be on company letterhead and include a business contact number for the person writing it.

• Your name
• The company’s name
• The date of compensation
• The compensation amount
• The pay period range

• Six months’ worth of bank statements showing a consistent income of the amount reported in your application and/or a substantial amount of savings.
• CRA Notice of Assessment (NOA) from your most recent tax year, showing your total taxable income for that year.

• Your three most recent CPP/OAS deposit receipts
• Proof of savings or investment income, including:
• Your name
• The bank’s name
• The balance or investment amount(s)
• The dates of any balances or amounts reported

Submit your most recent government support receipt(s) — for example, if you receive Ontario Works (OW) or Employment Insurance (EI).

• That person will need to apply as your guarantor.
• Their credit will be checked, their income verified, and their references contacted — just as if they were applying to rent the unit themselves.