Buying a boat of any size is certainly cause for excitement. Whether you are purchasing a small canoe, or you are closing on a large yacht, the joys of the open sea can be on your horizon. Before you untie from the dock, however, there are some practical matters you may need to sort out.…
One of the most alluring aspects of boating is that it is an activity that can be enjoyed by just about anyone. If you are able to buy your own boat, you have the freedom to take your friends and family out on the water whenever you would like. From small children to older adults,…
If you’re having a vessel built, and the financing for this project is coming from an outside lender via a builder’s mortgage, there will be documentation that will need to be submitted to the Canadian Registry of Vessels. The Form 16 – Builder’s Mortgage will ask for information regarding all mortgagors and mortgagees as they…
One of the great aspects of boating is that vessels can come in all types of sizes, and serve an array of different purposes. In most cases, however, all vessels will require some sort of licensing or registration with the proper Canadian authorities. Even boats used for government purposes will need to go through a…
If you are an avid boater, you may be known among your friends and family for having a carefree attitude. Being out on the water, cruising among the waves at your leisure, you may receive special enjoyment from being away from the rules of land. Sometimes, however, accidents can happen, and maybe your boat registration…
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…
Buying a boat to sail across some of North America’s most wonderful lakes and rivers is a unique experience. But what documentation do you need? Vessel registration may be mandatory depending on the use you have planned for your ship. Knowing what kind of paperwork you need to operate your boat is a must to…
Have you recently purchased a previously owned boat? While you are likely excited about your investment and the leisure opportunities it will afford you, you may also be interested in making it your own. Maybe you are planning to give it a new paint job, or add some other decorative elements to tailor it more…
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…
After you acquire a boat, you have to get the right paperwork done before you tow it or lower it into the water. Registering a boat in Canada might sound tiresome, but it doesn’t have to be so. As a responsible boat owner, you should know that signing a bill of sale, handing over a…