Equipment Finance Benefits
Computers, cell phones, and other equipment
If you lease computers, cell phones, fax machines, or other equipment, you can deduct the part of the lease cost that reasonably relates to earning your commission income.
You can also deduct the part of airtime expenses for a cell phone that reasonably relates to earning your commission income. However, you cannot deduct amounts you paid to connect or license the cell phone.
If you buy a computer, cell phone, fax machine, or other such equipment, you cannot deduct the cost. Also, you cannot deduct capital cost allowance or interest you paid on money you borrowed to buy this equipment.
Completing your tax return
Enter the amount on the Other expenses line (9270) of Form T777, Statement of Employment Expenses.
#2 Easy Accounting and Canada Revenue Compliance
A LaRocheLeasing.ca equipment finance agreement. Is exactly the type of supporting, business expense documentation. A CRA Tax Auditor wants to see. It concisely lists your equipment and monthly expense. Making your business expense claim undoubted.
It makes your accounting easy. One monthly entry in your books and your done. No complicated Depreciation Schedules and Capital Cost Allowance Legislation to interpret at your own peril.
#1 Finance Which Pays for Itself
LaRoche Leasing.ca® equipment financing cuts your tax burden. The result financing which pays for itself. No wonder LaRocheLeasing.ca® financing, is the envy of the business finance world.
No bank loan, mortgage or equity partner comes close to this LaRoche Leasing.ca® advantage.
#3 For some professionals, a LaRoche Leasing.cs® type equipment lease. Is the only acceptable equipment business expense on your Tax Return.
#4 Increased Protection from Equipment Obsolescence.
With LaRocheLeasing.ca equipment financing you are in control. From 24 months to 66 months you decide how quickly to write off equipment against income. Increasing your competitive position for upgrading to new equipment..
“I can’t think of any particular asset more suited to the benefits of leasing than computer hardware”, states Robert Jarman, B.A., L.L.B. and lecturer at Seneca College on tax law. “The deduction for Capital Cost Allowance is simply not as great in most cases as the deduction permitted in respect of leasing payments and this is significant in the case of computer hardware which becomes obsolete rapidly. In addition not everyone can even claim Capital Cost Allowance making leasing the only means of decreasing their tax burden.”
#5 Build a strong Balance Sheet using LaRoche Leasing.ca. Unlike credit damaging loans,
Equity Lines of Credit.
With LaRocheLeasing.ca equipment financing. Your Balance Sheet will be stronger making Operating Lines of Credit for raw material, short term wages and operations easier to obtain.
There are few sources of money open to the business owner. Like an Operating Line of Credit from a bank. Diminishing this channel for money, with equipment purchases, can be risky.
Your LaRoche Leasing.ca ® lease payment is an Operating Expense. Which only impacts on your Income Statement. Leaving your Balance Sheet Liability sections untouched. Enhancing critical business health ratios like Debt to Equity, Debt to Equity, Current Ratio and Return on Shareholders Equity.
Give your company the financial fortitude to make it threw tight times. Enabling it to climb back to profitability by leaving Operating Credit lines open. By using LaRoche Leasing.ca® financing for your equipment.
#6 Unmatched Real World Asset Cost Matching Accounting insight.
LaRoche Leasing.ca® financing offers real world insight in Asset Matching equipment to expenses. You'll know exactly how much a piece of equipment will cost to replace.
Insight writing a separate lease finance agreement which is equipment specific gives you. Another reason the playful Auditors at Canada Revenue Agency will be grateful. You made their job so easy to complete.
Too often overlooked and under estimated. Is the sense of accomplishment each time a LaRoche Leasing.ca® ends and you own the equipment. A tangible testament to your business accumen.
#7 Purchase your equipment from the vendor of your choice.
LaRoche Leasing.ca® financing gives you real mobility to shop around. You work hard and deserve the best value for your money. Your equipment finance from LaRoche Leasing.ca is tied to you. To be used at the vendor of your choice.
The vendor you choose can have the peace of mind of prompt payment. Once you have confirmed, the equipment vendor was delivered to you. Payment is promptly made to the vendor.
#8 Finance Fairness Business Philosophy.
The vast majority of our business are repeat customers. Mainly actual end users of the equipment. Customers with concerns which last years. Not just a "Close the Sale" and forget it mentality.
It's accepted LaRocheLeasing.ca customers are just smarter than others. They know there should be sound reasons for doing something. Like the equipment finance options, offered by LaRoche Leasing.ca, are good for business.
LaRoche Leasing.ca has been nurturing customer loyalty with understandable, fair equipment leasing finance terms, respect and gratitude since 1989.
Practicing a belief in customer awareness, simplicity, equanimity and non-harming.
We have helped our customers, dedicate time and energy to what matters most. Running a succesful business.