When applying for a mortgage in Ontario, Canada, lenders typically require a Letter of  Employment to verify your income stability and employment status. This document is crucial for assessing your ability to meet mortgage obligations. A comprehensive Letter of Employment should include the following details: 

1. Company Information: 

○ Official company letterhead, including the company's name, address, and contact 

information. 

○ Date the letter was issued. 

2. Employee Details: 

○ Your full legal name. 

○ Your job title or position within the company. 

○ Employment status (e.g., full-time, part-time, contract, temporary). 

○ Start date of employment. 

○ If applicable, confirmation of the completion of any probationary period. 

3. Income Information: 

○ Your current salary or hourly wage. 

○ For hourly employees, the number of guaranteed hours per week. 

○ Details of any additional compensation, such as bonuses, overtime, or 

commissions, if these are regular and consistent. 

○ Frequency of pay (e.g., weekly, bi-weekly, monthly). 

4. Employer Confirmation: 

○ A statement confirming that the information provided is accurate. 

○ The employer's assurance of the employee's good standing. 

5. Employer's Contact Information: 

○ Name and title of the person signing the letter. 

○ Direct contact details (phone number and email address) for verification 

purposes. 

6. Signature: 

○ The handwritten or digital signature of the employer or authorized representative. 

Additional Considerations: 

● Currency and Validity: Lenders typically require that the Letter of Employment be dated 

within 60 days of your mortgage application to ensure the information reflects your 

current employment status. 

Loans Canada 

● Consistency: Ensure that the details in the letter align with other documents you 

provide, such as pay stubs and tax returns, to avoid discrepancies that could delay the 

approval process. 

● Self-Employed Applicants: If you are self-employed, traditional Letters of Employment 

may not apply. Instead, lenders may request: 

○ Notices of Assessment from the Canada Revenue Agency (CRA) for the past two 

to three years.○ Financial statements of your business. 

○ Proof of business ownership, such as articles of incorporation or business 

licenses. 

○ Bank statements showing business income deposits. 

Sample Letter of Employment: 

● [Your Company's Letterhead] * 

[Date] 

[Your Name] [Your Address] [City, Province, Postal Code] 

To Whom It May Concern, 

This letter is to confirm that [Employee's Full Name] has been employed with [Company's Name] since [Start Date] as a [Job Title]. [He/She/They] is/are currently employed on a [full-time/part-time/contract] basis, working [number of hours] hours per week. 

[Employee's Full Name] earns a [annual salary/hourly wage] of [amount] [currency], with a pay frequency of [weekly/bi-weekly/monthly]. Additionally, [he/she/they] [receives/do not receive] regular bonuses, overtime, or commissions amounting to [amount], which [are/are not] guaranteed. 

Should you require any further information, please do not hesitate to contact me at [Employer's Phone Number] or [Employer's Email Address]. 

Sincerely, 

[Employer's Signature] [Employer's Name] [Employer's Title] [Company's Name] [Company's Address] [City, Province, Postal Code] 

Providing a detailed and accurate Letter of Employment that includes all the necessary information can significantly enhance your mortgage application process by giving lenders confidence in your financial stability.