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…

Form 8 – Declaration of Transmission

registration of a government vessel

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…

Form 16 – Builder’s Mortgage

transfer of Canadian registration

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…

Form 2 – Builder’s Certificate for First Title

What is the Difference between a Licence

If you’ve recently purchased a boat, and you’re considering first-time registration with Transport Canada, there are a few things you’ll need to provide. Firstly, you’ll have to completely fill out an application and provide a certificate of qualification. You’ll also need to submit a Form 2 – Builder’s Certificate for First Title, which proves that your…

Form 6 – Bill of Sale

form 6 - bill of sale

Buying or selling a boat is not unlike buying or selling a car. Once a price has been negotiated, and the transaction is ready to take place, there will be a certain amount of paperwork that needs to be completed. In the case of a transaction involving a boat that’s registered with Transport Canada, a…

Form 17 – Application for the Registration of a Government Ship, under the Canada Shipping Act, 2001, Subsection 46 (3)

Application for the Registration of a Government Ship

Government-owned vessels can also be registered with Transport Canada. In order to obtain registration, a form is known as Form 17 – Application for the Registration of a Government Ship, under the Canada Shipping Act, 2001, Subsection 46 (3) will need to be completed. This document requires a significant amount of information about the vessel…