Canadian Issues In Asset Equipment Finance/Leasing

Originally published in Canadian Legal Lexpert Directory 2007

According to the Canadian Finance and Leasing Association (a prominent industry organization that represents participants in this industry), the asset-based financing and leasing industry in Canada finances as much as 25 per cent of annual new investment in machinery, equipment and commercial vehicles in Canada. Approximately 60 per cent of the industry’s customers are small to medium-sized businesses. While many of the credit providers are large financial institutions, such as banks, credit unions and insurance companies, a substantial number are manufacturers’ financing companies or smaller regional independent finance and/or leasing companies.