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 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…