To take care of a Transport Canada pleasure craft transfer of ownership, you will need to know a few key things about the application process. Here are the basics of it.
Transport Canada Pleasure Craft Transfer
If you are carrying out this process, it is because you are looking to transfer the licence of the pleasure craft in question to another person, company, or entity, whether that means a full or partial claim. Since the Transport Canada pleasure craft licence form is indeed designed with a few different processes in mind, it can be somewhat confusing or intimidating at first. The good thing is that our team is always here to help you tackle any of the situations in which you need a pleasure craft transfer of ownership, but here’s a brief guide on what the form itself will be useful for.
Selling Your Pleasure Craft
Very often, the reason people are making use of the transfer form is because they are selling their pleasure craft. Part of the process of selling your boat will involve going through the Transport Canada pleasure craft transfer of ownership itself. This will make the process official in that, in the eyes of the national boat registry, the boat in question will no longer be yours and is being passed along to a new owner. While many people think that the sale alone is enough to make the new ownership official, in reality, there has to be an administrative process that reflects the change of ownership in Transport Canada’s registry. This process needs to be carried out by the seller to properly transfer the licence to the new buyer.
Partial Pleasure Craft Transfers
Now, there are going to be other situations in which the form for a transfer of licence will be necessary. There are cases in which a pleasure craft boat is owned by more than one person, such as in cases of married couples, business partners, and family purchases. In these cases, more than one owner is on the licence, and a transfer form will be necessary to make changes to these arrangements. Part of divorce arrangements, for example, will include determining who will get ownership of a boat they both own, of course. However, this sort of Transport Canada pleasure craft transfer of ownership can also apply to business partnerships, as well as other instances of shared assets. The transfer form will be necessary in all these cases as well.
Transport Canada documentation, like with any sort of bureaucratic process, will require a lot of different components, involving paperwork, applications, forms, and similar factors that will call for a lot of time and effort on your part. Because of this, we’ve made it so that it’s all much easier for you here at the National Boat Registry Center. With the help of our team and platform, you will no longer have to struggle through piles of paperwork to get your boat documentation in order. Now, your boat legislation, pleasure craft licence, and all other relevant documents can be processed right here without issue. Be sure to reach out to our team if you need help and we’ll gladly assist you as needed.