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Step-by-step client guide

Pre-approval on maternity or parental leave

Being on leave does not disqualify you. The right lender will use your full pre-leave salary on a documented return-to-work — and that one policy difference can be worth $100,000 of qualification.

Who this guide is for

Anyone currently on maternity, parental, or adoption leave, planning to apply for a mortgage before returning to work.

Why this is harder than a standard file

Some lenders use EI income only; others use full pre-leave income with a return-to-work letter. The choice of lender changes qualification by tens of thousands.

Your interactive checklist

Track exactly where you are on this file.

Tick off each step and document as you complete it. Progress saves on this device — no account, no sign-in. Pick up later from the resume banner.

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Do next

Ask HR for a letter that confirms your return date, role, and salary. It's easier to get before you leave than after.

Your plan

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Documents to assemble

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Mistakes we see clients make in this scenario

  • ·Applying with EI income only because that's what's currently being deposited.
  • ·Getting a return-to-work letter that says 'expected' rather than confirmed.
  • ·Applying right at the end of leave with no income letter, hoping it works out.

Red flags that will sink the file

  • Open-ended leave with no return date.
  • Resigning from the pre-leave role and starting somewhere new on return.

What this realistically costs you

  • No rate premium for being on leave at A-lenders that have the policy. The cost is in lender selection — the wrong lender may cut your qualifying income by 50% or more.

How the underwriter actually reads this

A lender that uses pre-leave salary with a return-to-work confirmation will qualify the file at the full income; one that uses EI alone will not.

What moves this file up

  • Secure a written return-to-work confirmation early
  • Apply with a lender whose policy uses pre-leave salary on documented returns

Questions clients ask us

Can I qualify on just EI?

Sometimes, but the qualifying amount is far smaller than your salary would suggest. Most borrowers want the return-to-work-letter path.

What if I'm not planning to return to the same job?

Then the return-to-work-letter path is closed. You'd qualify on EI alone or wait until the new job is established.

Ready when you are

Get a real, underwritten pre-approval — not a system-generated number.

We'll route your file to a lender whose policy fits this scenario. No credit pull until you've seen the plan.

Start your pre-approval
Cite this page

Publisher: mortgagepreapproval.ca

URL: https://mortgagepreapproval.ca/scenario/maternity-or-parental-leave

mortgagepreapproval.ca. "Pre-approval on maternity or parental leave." https://mortgagepreapproval.ca/scenario/maternity-or-parental-leave

Written and reviewed by the Canadian Mortgage Compass Editorial Desk. This page is general information for Canadian readers and is not mortgage, legal, tax, or financial advice, and not an offer of credit. Rules, rates, and lender policies change; confirm your own situation with a licensed mortgage professional in your province. Editorial policy · Corrections