# How do lenders qualify RRIF, Lifeline, and Annuity income?

> Lenders require: (1) Current year's T4A or T1 General, (2) Proof of fund balance or annuity certificate, (3) Confirmation that withdrawals will continue for at least 3 years beyond the mortgage closing.

Category: Strategy
Last verified: 2026-02-18
Source: https://ratellow.com/faqs/strategy/how-do-lenders-qualify-rrif-lifeline-and-annuity-income

## Answer
Lenders require: (1) Current year's T4A or T1 General, (2) Proof of fund balance or annuity certificate, (3) Confirmation that withdrawals will continue for at least 3 years beyond the mortgage closing. Most lenders will 'gross-up' non-taxable portions of disability or pension income by 15-25% to equalize it against taxable employment income for GDS/TDS calculations.

## Related guide
- https://ratellow.com/guides/senior-mortgage-retirement-income

## Sources
- FCAC Guide: Reverse Mortgages — https://www.canada.ca/en/financial-consumer-agency/services/industry/laws-regulations/guideline-existing-mortgage-loans-exceptional-circumstances.html#toc3
- B-20 Pension Qualification — https://www.osfi-bsif.gc.ca/en/guidance/guidance-library/residential-mortgage-underwriting-practices-procedures-guideline-2017#2.3.1