Have you long fantasized about owning your own boat? If so, you are not alone–many Canadians dream of having a vessel of their own to explore the country’s bountiful and pristine waterways. In truth, there simply are not many better ways to enjoy a nice summer afternoon than getting out on the water with your friends, family, and loved ones. Of course, buying a boat can be easier said than done, as they can be prohibitively expensive. Factoring in docking fees, the price of fuel, and maintenance costs, boating can quickly become a pretty expensive hobby. For this reason, many Canadians opt to explore the secondary market in order to find great deals on previously-owned, well-maintained vessels. If you are planning to buy or sell a registered vessel in this manner, you may want to know a bit about how to complete a Transport Canada boat bill of sale online.
If you have outgrown your vessel, or if you simply need to downsize, chances are good you can command a fair price from an interested buyer. First, though, you will want to thoroughly clean and inspect your boat. Then, you should take high-resolution photos of your vessel’s interior and exterior in order to create a more dynamic and engaging “for sale” listing. It also helps to write an accurate description of your vessel that highlights its finer points. Once you and the buyer have agreed on a price, you will then need to complete a transfer of ownership. If you happen to be on the buying end of this transaction, it is also helpful to understand what paperwork needs to be completed–read on to learn more about this process.
Who Needs a Transport Canada Boat Bill of Sale?
The paperwork necessary when completing a transaction involving a boat will largely depend on how it is documented with Transport Canada. As the nation’s main agency for all transportation issues on the water, Transport Canada has various rules and regulations about this process. For boats that carry a simple pleasure craft license (PCL)–which is any vessel with an engine of 7.5 kW (10 horsepower) or more, a bill of sale should be prepared for the buyer’s sake, but it is not typically required to complete a transfer or ownership. (The buyer will need some form of proof of ownership, though).
Registered vessels are something of a different story. In Canada, any boat that is used for commercial means must be registered with Transport Canada. This is also the case for boats that are traveling abroad under the Canadian flag and any vessels financed with a marine mortgage. When a registered vessel is sold, a Form 6 – Bill of Sale must be processed with Transport Canada. You can use our simplified web forms to do this online.
Get Your Forms the Easy Way
No matter what sort of Transport Canada documentation you need, we can help you apply for it online. To learn more about our services, spend a few minutes browsing our diverse array of fillable forms. You can also scan our Frequently Asked Questions page for additional information.