QUESTIONS RE:BUYING/SELLING A BOAT IN CANADA
webber
I want to sell my boat in the Spring 2005. What is involved regarding taxes
on the sale and transfer of boat registration to the new owner? What
government departments are involved...Federal or Provincial?
Any help is greatly appreciated!
Terry Spragg
tax law.
Is the boat Canadian, or what?
Where is it located?
Is it new or used? How old?
How long / wide / heavy?
Does it have a motor?
Inboard or outboard?
Passenger or cargo?
Displacement?
A commercially registered vessel?
Registered where?
Liens or debts against the boat?
Is the new owner an incorperated business?
Are you?
Do you have a buyer, or are you soliciting one?
Do you work for remuneration on commission?
Do you have a bill of sale for your aquisition of the boat?
For starters.
I would think a private bill for a private sale would be enough, but
only a tax attorney could fleece you in compliance with all of the
thieveing government confiscations. A law student could help you
dodge the hook or could oil the entry point.
Would you sell it for scrap value and other valuable consideration
in trade, like an antique truck?
Never trust free advice you see on the internet.
If you had legal insurance, you might be covered for advice
regarding a legal transfer of custody.
Terry K
Peter Bennett
You have to deal with the Registrar of Shipping (part of Canada
Customs, I think) to transfer the vessel license to the new owner
(little or no cost). The province will go after the new owner for
provincial sales tax when the feds tell them about the change of
ownership.
--
Peter Bennett, VE7CEI
peterbb4 (at) interchange.ubc.ca
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Charles T. Low
In Ontario, the taxes are charged to the seller. If you don't pay them
voluntarily at the time of sale, they catch up with you later. Might be
several years later... I guess in theory you could try to pass the taxes on
to the purchaser, but that's not what happens, IMLE.
====
Charles T. Low
www.boatdocking.com
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"Peter Bennett" <pet...@somewhere.invalid> wrote in message
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Jean Dufour
take place. Here, in Quebec, the tax is charged to the buyer for example.
Jean Dufour
Montreal, Qc
Pat Drummond
"When you sell a boat, follow the instructions on the transfer form on
the reverse side of your Pleasure Craft Licence and give it to the new
owner to transfer ownership of the vessel. With this completed transfer
form, the new owner should contact the nearest Canada Border Services
Agency office. Refer to the blue pages in your telephone directory to
obtain the telephone number for the office nearest to you..."
-from boatingincanada.com : Boat Licenses
--
* http://BoatinginCanada.com *
Charles T. Low
Of course, it can be worse than that. The last time I bought a boat, I took
the completed boat licence form to the appropriate authorities, naively
believing that if it didn't say anything else on the form, nothing else was
required. The nice lady asked to see the contract of sale, so I drove home
to get that.
Back at the office, a nice man looked over my paperwork, and asked to see
the survey. "They did tell you to bring the survey, didn't they?" They
hadn't. But I had brought everything, so was OK.
I think there is no SOP. It's probably a little different every time. You
could argue with the authorities if you found that amusing, but they don't,
and it won't get you anywhere - I don't think.
Also, the last time I sold a boat, I got a provincial sales tax bill - about
two years later. Didn't feel that good coughing up a coupla' thou', but I
just did it.
====
Charles T. Low
www.boatdocking.com
====
"Pat Drummond" <ad...@ncf.ca> wrote in message
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