Buying vs Leasing Equipment (and Timing of Commitments)

Who will benefit

Farmers who are frustrated by conflicting information about whether to buy or lease equipment.

Participants will learn:

  • Comparative analysis of buying vs leasing equipment (with examples)
  • What CRA considers a lease and things to look out for from a tax perspective
  • Why tax should not be the only driving factor behind such a decision
  • Other factors to consider
  • Accounting for leases
  • Why timing of commitments might be important
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