The Canadian industry is estimated to have over $100 billion in financing in place with Canadian business customers and consumers. More companies, particularily small companies, acquire new productive equipment through leases than through loans.
These companies lease on an ongoing basis; adding, upgrading, using the flexibility provided by leasing to have the most effective operation possible and they tend to be smaller, growth oriented, focused on productivity, and more technology driven, representing approximately 60% of all leasing customers.
If you read further, you may find that leasing also makes good business sense for your business.
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Cash Flow - Conserves Working Capital and Credit Lines |
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Flexibility - 100% Financing |
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Preferred Accounting Treatment - Potential Off Balance
Sheet Reporting |
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Tax Advantages |
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While subject to Canada Revenue Agency guidelines,
lease payments for business use are typically fully tax deductible. |
If you are considering the acquisition of new equipment now or in the near future, consider the advantages of leasing it through Bodkin Leasing Corporation.
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