With most transactions you carry out, a receipt will often be enough to establish someone as the new owner of the item that was sold. However, when it comes to larger goods such as a home or a vehicle, there are certain administrative and official processes that will need to certify these changes in ownership. This is the case for a Transport Canada boat transfer.
Carrying Out a Transport Canada Boat Transfer
When it comes to the registration of your vessel, you need to remember that it’s tied to the boat in question rather than to the owner. This means that, should the vessel change hands, the registration is going along with it. What this translates into is the need for a process that officially transfers said vessel and registration to a new owner. This process is very simple, but it will most certainly involve some attention to detail at the time of submitting the corresponding application. Let’s take a closer look at the considerations you should have at the time of carrying out a Transport Canada boat transfer.
Full or Partial Transfer?
First of all, you will have to state whether this is a full or a partial transfer of ownership. What’s the difference? Well, a full transfer will occur when you are selling the vessel to someone else, which will most likely be the reason behind the transfer in the first place. Here, you are transferring the entirety of the claim of ownership over the vessel to someone else, giving up your own claim over it. Partial transfers, on the other hand, take place when you are only giving up partial ownership in order to share the claim, or, the other way around, when you are receiving full ownership after just having a partial claim beforehand. If you and your spouse shared a vessel and only one is keeping it after, say, divorce proceedings, a partial transfer of ownership might be necessary.
Submitting the Proper Form
Now, the process for a Transport Canada boat transfer is reliant on the submission of the corresponding form. This will make the change of ownership official and transfer the registration on file to the new owner. Don’t worry, it’s all very straightforward. All you need to do is fill it out with your contact information as current owner, the same data about the prospective owner, and the identifying details about the vessel’s registration in and of itself. Once you have submitted the form, it will only be a brief matter of time before the official registry reflects the changes and the new owner receives the corresponding certificate.
Find All Boating Registration Forms
Whether you’re looking into a full or partial Transport Canada boat transfer, we want the process to be easy for you. This is why we make it so you can conveniently fill out and submit every relevant form through our website directly to Transport Canada. If you have any question about what the process you’re taking care of entails, don’t hesitate to reach out to us. Just give us a call at +1 (800) 419-9569 or email us at firstname.lastname@example.org and we’ll get back to you as soon as possible.