Equipment Leasing for Canadian Businesses — Simple, Fast, Flexible

There's no single rate because every deal is structured around the specific asset, the term length, your business's credit profile, and the equipment's expected residual value. What we can tell you is that monthly payments are typically far lower than most business owners expect — especially compared to what a bank loan would cost on the same asset, if it were even available. The best way to get a real number is to or use our to run an estimate. We don't believe in vague ranges — once we know your situation, we'll give you actual numbers.

Yes — and this is one of the most common misconceptions we run into. Because the equipment itself acts as collateral, leasing is often more accessible to new businesses than a traditional bank loan. What helps your application: a strong personal credit score, a clear explanation of how the equipment will generate revenue, a reasonable down payment if your credit history is limited, and choosing equipment with good resale value. We've helped businesses in their first year get financed for trucks, machinery, and medical equipment.

A capital lease (sometimes called a lease-to-own or finance lease) is designed for businesses that intend to keep the equipment at the end of the term. Payments are structured to pay down most of the asset's value, and you purchase it at the end for a nominal amount — often $1 or 10% of original cost. It shows up as an asset on your balance sheet. An operating lease is structured around use, not ownership. Payments are lower because you're not paying off the full value, and at the end of the term you return the equipment, renew, or upgrade. It's common for assets that become obsolete quickly. Most of our clients use capital leases for heavy equipment and vehicles, and operating leases for technology or specialized tools.

Faster than most people expect. Once you submit your application, a member of our team will reach out within one business day to discuss your file. For straightforward deals with clear documentation, we can have terms in front of you within two to three business days. Funding — meaning the vendor gets paid and you take possession of the equipment — typically happens within a few days of signing. If you're working against a deadline, an auction date, or a vendor who needs confirmation quickly, tell us upfront and we'll prioritize your file accordingly.

In most cases, yes. Lease payments on equipment used to earn business income are generally fully deductible as an operating expense in the year they're made — which is one of the primary financial advantages of leasing over buying. When you purchase equipment outright, you claim depreciation through the Capital Cost Allowance (CCA) system, which spreads the deduction over several years at prescribed rates. Leasing typically gives you a faster, larger annual deduction. That said, the exact treatment depends on your lease structure, how the equipment is used, and your overall tax situation. We always recommend confirming with your accountant before making a decision based on tax treatment alone.

It depends on the type of lease you have. With a capital lease, you'll exercise a buyout option — typically a small predetermined amount — and take ownership of the equipment outright. With an operating lease, you have three options: return the equipment and walk away, renew the lease (often at a lower rate, since the residual has already been paid down), or upgrade to a new model and start a fresh term. We discuss end-of-term options before you sign — there are no surprises in your contract about what happens when the term is up.