What type of income is considered ineligible for assessing a borrower's ability to repay a loan?

Social assistance is considered ineligible for assessing a borrower's ability to repay a loan because it is generally viewed as non-recurring or variable income. Lenders often prefer stable and predictable income sources when evaluating a borrower's financial stability and repayment capacity. Since social assistance can fluctuate based on various factors and is not guaranteed long-term, it is not typically considered a reliable source of income for the purpose of loan assessments.

In contrast, investment income, retirement benefits, and salary from employment are generally seen as more stable and predictable sources of income. Investment income can vary but is often consistent enough for lenders when properly documented. Retirement benefits provide a predictable income stream for individuals post-employment, and salary from employment represents regular earnings that are typically an essential part of any loan qualification process.