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Asset-based financing in Canada

The Canadian Finance & Leasing Association (CFLA) represents the asset-based financing, equipment and vehicle leasing industry in Canada. This industry is the largest provider of debt financing in this country after the traditional lenders (banks and credit unions).

CFLA’s more than 200 company members range from large multinationals to national and smaller regional domestic companies, crossing the financial services spectrum from manufacturers’ finance companies and independent leasing companies, to banks, insurance companies, and suppliers to the industry. The industry’s customers include Canadian small, medium and large businesses as well as consumers.

According to the most recent industry report, in 2016, the value of assets financed by the industry was $379 billion. Up from a low in 2008-2009 during the world economic crisis when total assets financed in Canada had declined to $80.8 billion.

Facilitating business investment in new machinery, equipment and vehicles enhances national productivity and lifts the living standards of all Canadians. The asset-based financing industry was directly responsible for raising living standards by 2.3% between 1992 and 2002 (or about 8% of the total increase in living standards over that decade).

CFLA members are key partners with Canadian businesses and consumers. Asset-based financing touches virtually every business and consumer in Canada.

For more information about the asset-based financing industry and its members, read the following sections: