Your boat registration is the legal proof of your ownership and permission to use a specific vessel, which is why it’s so important that any changes in ownership are always reflected on the official registration. This is what the transfer of Canadian registration form will be for. This will come in handy in a variety of different scenarios, which means that it needs to be handled accordingly. Here are the different uses for the transfer form and how you can navigate it depending on your specific situation.
Transfer of Canadian Registration
You might initially think that a process for a transfer of Canadian registration will only apply for a full transfer of ownership, but it actually will come in handy for partial ones as well. Say you own a boat and you get married, or decide to share in on the deal with a colleague or a friend. Part of the process of establishing them as an owner will be to partially transfer the registration to them. 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.
Removing an Owner
You will also need to make use of this form when you are removing an owner from the registration in cases of joint ownership. You might, after all, end up having to use this in cases of a divorce, a partnership dissolution, or bankruptcy proceedings. The form that you find here on our website meant for a transfer of Canadian registration will also fulfill this function. Just remember when filling it out that it is only a partial transfer and that you should submit it accordingly. Don’t worry, though. If something is off in the process, our document checkers will make sure it’s corrected before passing it along to Transport Canada.
Selling the Boat
Now, the most common instance under which you will be needing to apply for a transfer of Canadian registration will be when you are selling the boat in question. In these cases, 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. Remember the sale itself is not enough for the boat to be legally the new owner’s. There needs to be a transfer of the boat’s ownership in order to properly register them as the official owner of the boat in question.
Details of your Transfer Application
Regardless of the details of your application for a transfer of Canadian registration, the National Vessel Registry Center Corp can provide you with all the necessary forms for you to carry it out properly. And, should you have any questions, don’t hesitate to reach out to us by calling +1 (800) 419-9569 or email us at firstname.lastname@example.org.