Canadian Vessel Registry You Need to Buy a New Boat

Canadian Vessel Registry

If you’re planning to buy a new boat, nothing is cut-and-dried. You need to know what Canadian vessel registry paperwork to provide. Transport Canada requires new boat owners to follow a specific process when they’re buying a boat. The following information will help you sort out the details to streamline the buying process. Canadian Vessel…

Form 8 – Declaration of Transmission

registration of a government vessel

In the event of a transmission of ownership for a registered vessel, in instances of death, bankruptcy, or other lawful means, Transport Canada does require that they be notified with official documentation. Using what is called a Form 8 -Declaration of Transmission, which is a form that clearly delineates a change in vessel ownership, you…

Form 7 – Mortgage

Form 7 - Mortgage

Buying a boat can be a significant investment, so it’s not unusual for buyers to seek out financing in the form of a mortgage. You should note that in Canada, only vessels that are registered with the Canadian Registry of Vessels are eligible for a Form 7 – Mortgage. You also must notify Transport Canada…