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Who we help · Restoration companies · Tax planning

Tax planning for the firm that owns a warehouse full of drying equipment.

A restoration company's balance sheet reads like an equipment rental house: hundreds of air movers and dehumidifiers, trucks, trailers and meters, each in its own CCA class, bought against a demand curve nobody can schedule. We plan the fleet, the instalments and the owner's pay around a business where one storm can rewrite the year.

Restoration tech drying a water-damaged room

Read the warehouse as a tax schedule

Before any timing question, the assets have to sit in the right classes, because the class sets the pace of every deduction that follows. This is the map for a typical restoration fleet:

What you ownCCA classRateWorth knowing
Air movers, dehumidifiers, air scrubbersClass 820%Gear available for use before 2028 skips the half-year rule: full 20% in year one
Response trucks, cube vans, trailersClass 1030%Available for use is the test, not the invoice date
Moisture meters and tools under $500Class 12100%Fully deductible in the year they go to work
Computers running estimating softwareClass 5055%Xactimate and job-platform subscriptions are simply expenses
Shop fit-out and drying-chamber buildClass 13Straight-lineWritten off over the lease term, so the lease you sign shapes the deduction

Disposals need the same attention as additions. A fleet refresh that sells fifty tired air movers above their remaining undepreciated capital cost pulls recapture back into income, while replacements bought into the same pool usually absorb the effect. We plan refresh cycles a year ahead so the pool, not the tax return, takes the bump.

Own the base load, rent the surge

The own-versus-rent question has a tax shape as well as an operational one. Rented-in equipment is a clean deduction the month the invoice arrives and bills straight back to the claim; owned equipment earns platform-rate charges on every deployment while its cost recovers through CCA at 20%. The pattern that usually wins is owning the base load your average month keeps busy and renting the peak a storm demands, because idle owned gear deducts slowly and earns nothing.

We put numbers on that line before you place the next equipment order: deployment days from your own job data against the carrying cost of another pallet of dehumidifiers. When the case is there, buying before year-end with the unit in service pulls the full first-year claim forward; when it is not, the rental house keeps the risk. Either way the decision is made on the business case first, with the deduction improving it rather than excusing it.

The storm year rewrites the instalment math

A catastrophe season can double profit without warning, and the tax system responds twice: a larger balance due three months after year-end, then instalments recalculated off the bigger year. Left alone, that pairing lands in the same quarter the surge receivables are still stuck in line-item review. We recalculate instalments mid-year when the storm work books, set cash aside per settled claim, and check whether the corporation still qualifies for quarterly rather than monthly payments, which suits revenue that arrives in surges.

Strong years raise a second flag. Cash parked in the corporation earning passive income starts to grind down the small-business limit once investment income passes $50,000, so a couple of banner seasons can quietly raise the rate on the operating profit. Planning decides where surplus sits before the grind starts, not after the assessment names it.

Owner pay that respects a 12.2% deferral

Profit left in the corporation is taxed at roughly 12.2% on the first $500,000 of active income in Ontario, against personal rates that pass 53% at the top, and that spread funds the next fleet expansion better than any loan. The salary-versus-dividend mix then gets set deliberately: salary builds RRSP room and CPP and smooths a lumpy year; dividends move surplus out at lower friction; any dividend to a spouse gets a TOSI check before it is paid, not after. Because Walla Assaf spent a decade in banking before founding Tauro, the plan is also built to read well beside the equipment financing your growth already depends on.

All of it runs through Tax Planning & Advisory on a simple cadence: one working session after the busy season closes while the numbers are fresh, one before year-end while every option is still open. Equipment quotes, instalment math and the pay mix sit in the file between sessions, so decisions take a phone call. When the next warehouse or fleet tranche needs a lender, Business Financing Advisory builds the package from the same numbers. Every engagement is priced in writing after a free 15-minute discovery call.

Common questions

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Should we buy more air movers before year-end?

Only if deployment data says they will work. A Class 8 unit in service before year-end can claim the full 20% in year one under current rules, but the deduction returns roughly twelve cents on the dollar at small-business rates, so utilization has to justify the purchase first.

What does a catastrophe year do to our taxes?

It raises the balance due three months after year-end and pushes next year's instalments up at the same time, often while the surge receivables are still unpaid. We recalculate instalments as the storm work books so the catch-up is planned, not discovered with interest.

Is renting equipment better for tax than owning?

Rentals deduct immediately and rebill to the claim; owned gear earns platform-rate charges on every job and recovers cost through CCA. Tax rarely decides it alone: own what your average month keeps busy, rent the surge, and let your own deployment data draw the line.

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