Frequently Asked Questions
Answers to the most common leasing and financing questions from CanaWealth clients.
If you still have questions, feel free to contact us anytime.
Equipment leasing allows your business to access the equipment and vehicles it needs through affordable monthly payments. This helps preserve your capital and maintain a healthy cash flow.
Yes. We regularly fund startup businesses across Canada. Approval depends on credit, equipment type, and your business plan or income source.
We work with A, B, and even challenged credit. There is no fixed minimum, as every application is reviewed personally.
Yes. Used equipment can often be leased if it is in good condition and not too old. We review the make, model, and seller information before approval.
Most approvals happen within 24 to 48 hours after we receive the completed application. Faster approvals are sometimes possible.
We typically lease equipment from $25,000 to $750,000 or more. No deal is too small or too large if the numbers make sense.
Yes, early buyouts are often available. We show you the options upfront so there are no surprises.
Some agreements require a deposit, especially for higher-risk applicants or custom equipment. Others may offer $0 down depending on your credit.
We lease construction equipment, commercial trucks, trailers, forestry equipment, agricultural machinery, and more. If it works hard, we likely lease it.
Yes, private sales are possible. We just need extra paperwork to verify ownership and equipment condition.
Yes. This is called a sale-leaseback. We buy your equipment and lease it back to you to help free up capital.
No. We work with sole proprietors, partnerships, and limited companies.
Some leases are reported to credit bureaus, others are not. We explain how yours is structured before you sign.
Yes. We customise payment schedules for seasonal businesses such as agriculture, logging, or snow removal.
Yes, in some cases. Business leasing is more common but not always required.
GST is usually paid monthly along with your lease payment. It is often reclaimable if you are GST registered.
You usually have the option to purchase the equipment, return it, or renew the lease, depending on your agreement.
No. We lease equipment across Canada.
Lease terms typically range from 12 to 72 months. We tailor each one to suit your needs.
Yes, but only with your consent. This helps us find the best lender and rate for your situation.
Usually an application form, an equipment quote or invoice, and proof of business such as a business registration.
Yes. We access funding from banks, credit unions, alternative lenders, and private investors.
Absolutely. Many clients finance several assets either through one lease or staggered approvals.
You can apply online, e-mail apply@canawealth.ca, or call 1-888-393-9696. We will guide you through the process personally.
Yes. If it is within Canada, we can coordinate a lease across all provinces and territories.
