There are many different instances in which you will need to fill out forms in regards to your vessel’s standing. Some will be to register it in the first place, while others will be to somehow alter your registration. Today, we are talking about the one you will need to transfer boat ownership in Canada, one of the most common forms our clients tend to need help with.
Transfer a Pleasure Craft License
This form’s purpose is to officially transfer the ownership, registration, and property of the vessel in question to another person, whether that means partial or full ownership. Yes, this form is designed to target a variety of different processes, which is why the form itself can be a source of confusion to those approaching it for the first time. Our team is always here to help you tackle any of these situations, but here’s a brief guide on what the form itself will be useful for.
Separation Agreements
Whenever vessels are owned by more than one person, there exists the possibility that at some point ownership arrangements will have to change in order to exclude someone in the joint venture. This is perhaps most common when it comes to married couples and other domestic partnerships. Part of the subsequent divorce arrangements will include determining who will get ownership of the vessel in question, of course. However, this sort of transfer of ownership can also apply to the dissolution of business partnerships, as well as other instances of shared assets. In these cases, even if an old owner is remaining on the license, it will be necessary to undergo a process to transfer boat ownership in Canada.
Sales and Purchases
Part of the process of selling your vessel will be to go through the transfer of ownership itself. This will officialize in the eyes of the national vessel registry that the vessel in question is no longer yours and is being passed along to a new owner. You might think that the sale itself is enough o make the new ownership official, but in reality, there needs to be an administrative process that ratifies this in the eyes of the government and the relevant boating agencies. The transfer of ownership should be carried out by the previous owner, so if you are the one selling your vessel, then this process is up to you.
Easily Transfer Boat Ownership in Canada
If this transfer of ownership seems like a long, needlessly complicated bureaucratic process, don’t be deterred. It can actually be made quite simple if you follow the right steps under the right guidance. We are talking, of course, of our team here at the National Vessel Registry Center. We are dedicated to making all procedures related to vessel ownership and registration easy for everyone, which is why every form is readily available on our website with the corresponding instructions. Yes, this includes the form to transfer a pleasure craft license. If you have any questions, don’t hesitate to contact us at +1 (800) 419-9569 or email us at info@canadianvesselregistry.ca.
