Financing Your First Mimaki Printer in Canada – What You Need to Know

Investing in a high-quality printer like Mimaki is an exciting step for any business looking to take their printing game to the next level. Known for their exceptional print-and-cut capabilities, vibrant color output, and durable performance, Mimaki printers are perfect for various applications—from signage and decals to custom packaging and apparel. However, many businesses hesitate to make such a significant investment upfront, especially when cash flow is a concern. That's where financing comes in.

In this blog, we’ll explore how financing your first Mimaki printer can make the purchase more manageable, and how Canadian businesses can take advantage of tax incentives to maximize their investment.

🖨️ Why Choose Mimaki?

Before jumping into financing options, it’s important to understand why Mimaki is a leading choice for printing professionals:

• High-quality, professional-grade output with rich colors and crisp detail.
• Versatile applications: from large-format signage to packaging, UV printing, and textiles.
• Reliable, long-lasting performance to help keep your business running smoothly.
• Cutting-edge technology: Many Mimaki models offer integrated print-and-cut features, saving time and improving efficiency.

If you’re looking to grow your business and offer premium printing services, Mimaki is the way to go.

💸 How Financing Helps

Financing allows you to spread out the cost of a Mimaki printer over a period of time, making it easier to manage your cash flow while still getting the equipment you need. Instead of paying a large upfront sum, you can secure a lease-to-own or financing plan with manageable monthly payments.

Benefits of Financing:

• Preserve cash flow: Keep your working capital for other business expenses.
• Start production immediately: Begin offering new services and products without delay.
• Tax advantages: In Canada, certain tax incentives could help reduce your overall financial burden.

🔍 What You’ll Need to Get Started

To qualify for financing, here’s what you’ll typically need:

• Business details: Name, location, and how long you’ve been operating.
• Credit information: A good credit score will increase your chances of approval, though some options are available for new businesses.
• Estimated monthly revenue: This helps lenders assess your ability to make payments.
• Printer quote or invoice: From an authorized Mimaki dealer.

Even if you're a new business, many financing options are available with minimal requirements, so don’t be discouraged from applying!

📦 Bundle It Smartly

Mimaki dealers often offer bundle deals, which include:

• The printer
• Inks, media, and RIP software (such as RasterLink)
• Technical support and training
• Optional add-ons like laminators, cutters, or air filtration systems

Opting for a bundle often makes financing more affordable, as it combines everything you need to get started in one convenient package.

🧾 Pro Tip: Tax Incentives for Canadian Businesses

When it comes to financing, Canadian businesses can take advantage of the Capital Cost Allowance (CCA) system, which allows you to claim a portion of your printer’s cost as a tax deduction each year based on its depreciation.

Here’s how it works:

• No full upfront deduction: Unlike some other tax incentives, you cannot deduct the full cost of your Mimaki printer in the year of purchase.
• Depreciation over time: Instead, you’ll deduct a percentage of the printer’s cost each year over its useful life.
• Accelerated Investment Incentive: If you purchase and use equipment after November 20, 2018, you may be eligible for the Accelerated Investment Incentive, which allows you to claim a larger deduction in the first year (up to 1.5 times the regular CCA rate).

Mimaki printers generally fall under Class 8 for CCA, which has a depreciation rate of 20% per year. Thanks to the Accelerated Investment Incentive, the first year can offer significant tax savings, helping your business recover a larger portion of the printer’s cost early on.

Consult a tax professional to determine how these incentives apply to your specific situation and ensure you're maximizing your potential deductions.

📈 ROI: Return on Investment

Financing your Mimaki printer isn’t just about easing cash flow—it's a long-term investment in your business’s success. For example, a printer capable of producing high-quality decals, labels, or custom apparel could generate hundreds or even thousands of dollars in revenue each month.

By securing financing, you’re able to start offering these services immediately, potentially increasing your profits while managing affordable monthly payments. As the equipment helps you grow, your return on investment (ROI) becomes more substantial.

✅ Final Thoughts

Financing your first Mimaki printer is a smart and strategic decision. Not only do you get access to world-class printing technology, but with tax incentives like the Accelerated Investment Incentive, you can reduce your overall investment costs. Whether you’re offering signs, decals, custom apparel, or packaging, Mimaki printers give you the edge you need to succeed in a competitive market.

Ready to take the plunge? Contact an authorized Mimaki dealer and explore the financing options available to you.