|
COMMERCIAL AND INDUSTRIAL
Equipment and Vehicle
Finance & Leasing
November 2009 Issue
|
|
|
This e-letter is delivered periodically as a means to keep you apprised of industry updates from Travelers Financial Corporation. We hope you will find its content about varied industries and topics helpful in competing in today's economy. If for any reason you wish to remove your address from our distribution list, please use the SafeUnsubscribe feature at the end of this message and you will be immediately removed. Thank you kindly. | |
|
|
|
|
Vibrant BC Economy Depends on TruckingPaul Landry, President and CEO of the BC Trucking Association, highlighted the importance of the trucking industry for a healthy BC economy in his article featured in the September issue of TruckNews. As an Associate Member of BCTA, Travelers couldn't agree more! In order to remain competitive and overcome the dictates of present economic pressures on carriers, the need for innovative finance and lease solutions has never been greater. The realm of the possible is expanded when your financing partner of choice knows your industry, understands your challenges, and works with you to get you what you need to be on top of your game. |
Owner Operator Woes?
Factor All Expenses per Mile!
Courtesy of Dave Raynsford of QuikX, excerpted from the September Issue of The Highway Chronicle.
Whether you are working for a corporate fleet or as a completely independent operator I am certain you will agree with the fact that the last year and a half has probably been your toughest in recent history in terms of revenue income. During times of economic uncertainty the seemingly insignificant cost associated with maintaining any business can become a matter of great concern.
|
| Transition Rules for HST
BC Ministry of Finance released proposed general transitional rules for the Harmonized Sales Tax (HST), which will - following legislation - become effective in July, ncluding guidance for services and transactions that straddle that date (e.g., passenger and freight transportation services) and considerations for leases and licences, among others.
Generally, the transition rules are applied as follows:
The provincial sales tax (PST) will apply to the taxable sale of goods when the goods are delivered, or ownership of the goods is transferred, to the purchaser before July 1, 2010. The HST will apply to goods and services purchased on or after July 1, 2010. The HST will also apply to prepayments starting on May 1, 2010, for goods and services provided on or after July 1, 2010. The HST will not apply, however, to a service where 90 percent or more of the service is applied before July 2010 - in which case the PST will continue to apply where applicable.
|
Travelers Ramps up Ontario Office with Veteran Team
Since opening its new Ontario-based office in Mississauga earlier this year, Travelers has attracted a strong team of advisors to assist clients with innovative financing options.
|
 WHY LEASE?
Lease finance provides benefits to both the end user and the vendor.
In this issue, we bring you the BENEFITS TO THE END USER.
|
Questions? 
For more information about a customized lease to meet your individualized needs, I invite you to contact me.
Respectfully,
Andrew David
Travelers Financial Corporation
| |
|
|
|
|
|
|
|
About Us: Travelers Financial Corporation is one of the largest independent equipment finance companies in Canada. Travelers offers a wide range of competitive asset based financing solutions to commercial and industrial sectors including transportation, mining, gas and oil, agriculture, manufacturing, construction and government infrastructure, as well as specialized automobile leasing. Travelers meets the need for uniquely structured leasing solutions for Canadian operations to gain the competitive edge they seek. Travelers' access to capital, informed management, and seasoned team of professional advisors in British Columbia, Alberta, Saskatchewan, Manitoba and Ontario have made Travelers a respected source of funding for the individualized needs of both resellers and end users in the private and public sectors.
| |
|
