Purchasing a large recreational vessel like a yacht is certainly a big expense for you, but the joy and pleasure you will get from the time you, your family, and your friends get to spend out on the water. There are always expenses that you will need to consider that go along with purchase, and some go beyond the repairs and maintenance you may need to do on your vessel. Registering your vessel with Transport Canada provides you with vessel documentation on a federal level, and you do gain certain privileges, but there is an outside cost associated with it. Understanding the vessel registry fees is important, so you know what to expect from the registration process.
The Basic Registry Fee to Know
There is a basic registration fee that you likely need to be familiar with for your certification. If you are registering your vessel for the first time as the owner, you will need to submit your application, along with a fee of $250.00. This fee covers your registration for one year for your vessel. You will need to re-register each year if you want to maintain your certification and documentation so you will have to pay the $250.00 annually.
Other Fees to Know About
There are different registry fees you may want to know outside of the basic registration and renewal fees you pay. There may be a time where you need to get a replacement certificate because your documentation was damaged or lost. For this service, you pay $150.00 to get a provisional certificate. If you ever want to change the name of your registered vessel, there is an application process and a $250.00 fee for this service. For the transfer of ownership of a vessel to be recorded, it is $150.00 fee.
Paying Fees and Getting Documentation
If you would like to use an easy way to get your documentation and pay your vessel registry fees, you can come to us at National Vessel Registry Center Corp. for help. We are a third-party company that handles processing for vessel owners sending applications and paperwork to Transport Canada to make the process easier for you. You can find all the forms and applications you need online at our site, and all processing and payments are handled safely and securely here so that you can make your submissions and take of registration, renewal or other paperwork for your vessel.