One of the most common concerns for those dealing with vessel ownership is how to transfer boat ownership in Ontario. Even though the bureaucratic process itself can be quite complicated, we are here to make it a lot simpler for you.
When to Transfer Boat Ownership?
Sure, the concept of transferring boat ownership is pretty straightforward, but the process isn’t exclusive to instances in which the ownership is transferred from one entity to another. The process is actually more versatile than that and you might need to take part in it even if you aren’t selling your vehicle to someone else. Let’s go over some of the instances in which you will need to make use of this form and over how to transfer boat ownership in Ontario.
Buying a Vessel
Whenever you buy a new vessel, it’s up to you to register it under your name with the Canadian Register of Vessels. But, if you are purchasing a vessel from a previous owner rather than, say, a dealership or a store, the sale itself is not enough for the boat to be legally yours. There needs to be a transfer of the boat’s ownership in order to properly register you as the official owner of the vessel in question. This is not to say, however, that this process is up to you. Instead, it has to be the prior owner who fills out this form and carries out this transfer process.
Selling a Vessel
Now, this applies when it is you who are selling your vessel as well. This time, it will be up to you to transfer ownership of the boat to the buyer or new owner. Part of the selling process will involve you submitting the necessary paperwork to back up the sale in terms of legal ownership and registration.
Adding or Removing an Owner
You should also know that the process to transfer ownership won’t just include those instances where you are selling the vessel to someone else. You will also need to make use of this form when you are adding an owner (such as a partner or spouse) to your boat ownership or, in turn, removing one from it. You have to be aware, however, that in order for someone to be eligible for ownership of the vessel, even if it is shared, they have to be a Canadian citizen, a Canadian resident, or a corporation incorporated under the laws of Canada.
How to Transfer Boat Ownership in Ontario?
Transferring the ownership of a vessel is a needlessly complicated process, but it doesn’t have to be when you are relying on our team here at the National Vessel Registry Center to help you out. With our help, you can quickly fill out the transfer forms without having to worry too much about how to transfer boat ownership in Ontario. Just head over to the form on our website and fill it out. We can take care of the rest. If you have any questions, don’t hesitate to contact us +1 (800) 419-9569 or email us at info@canadianvesselregistry.ca.
