So, you’re looking into buying a boat in Canada. This is obviously very exciting, and you probably can’t wait to be out there sailing in your soon-to-be new vessel. However, before you get to do that, you will have to consider a few things.
Buying a Boat in Canada
If only buying a boat was as easy as going down to the retailer and paying for the vessel. That’s definitely part of it, but you will also have to keep certain factors in mind going forward. Let’s take a look at a few things to consider when buying a boat here in Canada, be it new or used.
Buying a New Vessel
If you are buying a new vessel, you will find that the overall process for purchasing, as well registration or licensing, will be very straightforward. If you are buying directly from a retailer or manufacturer, you don’t have to worry about running checks on the boat or doing mechanical revisions. Instead, you can rely on the warranty and similar mechanism to trust that you are purchasing a good and reliable vessel. Once you have the bill of sale, you can get the corresponding documentation with the help of our platform. If the vessel is going to be operated commercially, you will have to register it with Transport Canada. On the other hand, if it is going to be used recreationally, you can also register it, but you will probably want to get a pleasure craft license for it.
Buying a Used Vessel
Now, when it comes to buying a used boat, the process might be slightly more extensive. You don’t want to buy a boat that comes with a claim of lien or a mortgage that you’ll be responsible for. So, you will want to request information about the vessel from the current owner, probably in the form of an official transcript. One you know that the vessel’s background is appropriate for a purchase, it will be time to check if the boat itself is good to own and operate. It’s always a good idea to hire a professional boat surveyor who can at least check the hull and the motor before you make a formal offer so that you don’t have to deal with any mechanical surprises down the road. Once purchased, the owner will have to transfer the registration or license rather than you having to get initial ones.
Submit the Corresponding Forms
Everyone knows that engaging with government agencies can often be quite frustrating, especially when it comes to transportation. Registering your vessel, for example, or transfering registration, can be very inconvenient processes, which is why we make an effort to make them easier for you. Here at the Canadian Vessel Registry Center, you will be able to find all the forms you might need in relation to your vessel. For more information about this process or to ask any questions about it, you can give us a call at +1 (800) 419-9569 or email us at info@canadianvesselregistry.ca.
