If you are considering purchasing a boat in Canada, one of the first steps you need to do is to register it with Transport Canada. Boat registration is a requirement under Canadian law. In contrast to registering a vehicle, this entails more than just filling out some form and paying the associated price. The purchase of a brand-new boat is a thrilling event. Not only do you get to make use of the brand-new boat, but you also get to become a part of the community of people who own boats.
However, a few things need to be taken care of before you can begin to enjoy your new purchase. Start doing those things if you want to get the most out of it. Registering your yacht with Transport Canada is one of those things. The following is a list of the most important reasons why each new boat owner should register their vessel as soon as possible:
It’s the Law
When you’ve been waiting for a long time to buy a boat, it’s tempting to get caught up in the thrill of it and forget about the laws and regulations that keep you safe. The first step for each new boat owner is registering their vessel with Transport Canada, even if they can’t wait to go out on the water. Even if you have never set foot in a body of water, you still need to register your boat. All boats in Canada longer than 15 feet are required by law to be registered with Transport Canada.
If you don’t, you may have to pay a few thousand dollars in fines and penalties, and even worse, you may be charged with a crime and given a criminal record. Registering your new boat before taking it on a road trip is also important. You might have problems crossing state boundaries or possibly be arrested if you don’t have the required paperwork from Transport Canada.
You Need Proof of Ownership for a Boat Registration
The registration of your boat gives irrefutable evidence that you are the legal owner if anything unfortunate occurs to it. Not having a title or other evidence of ownership may be immensely detrimental to your situation when you need to claim on your insurance or record a theft. If a law enforcement officer attempts to pull you over, they will utilize your boat registration as evidence that you are authorized to operate the boat if they do so.
In addition, it is essential to have a solid understanding of the dissimilarities between registering a boat and titling a boat. Registering your vessel on a canal indicates that you are paying a fee to your state government to get permission to use that waterway; nevertheless, you do not acquire ownership rights. Recording the boat’s ownership in your name with the relevant state agency is known as “titling,” giving you exclusive ownership rights to the vessel.
It Helps Protect Your Investment
Even though it may not seem to be a huge concern at first glance, registering a boat is an essential initial step for anybody who has just purchased a boat. Getting your boat registered is one of the best ways to guarantee that it is protected by insurance if damaged or stolen. If you own a boat that isn’t registered, its safety is only as good as the regulations allow it to be. For example, if someone falls and gets hurt on your deck or if someone takes your boat from its slip in the middle of the night, you might be held accountable for any damages that result. When you’re so thrilled about buying a new boat, it’s easy to forget about steps like this one, but you shouldn’t skimp on paying attention to the finer points! Registering your yacht is one of the most crucial steps to protecting yourself and your investment.
You’ll Have Access to Important Information
One of the first things you’ll do after purchasing a boat gets it registered with Transport Canada. This entitles you to many useful details, such as safety alerts and recalls warnings for your boat’s engine and other components. A critical initial step in boat ownership and one that, luckily, most sellers will complete after they’ve sold their boat and no longer require it. You should expect the vendor of a pre-owned boat to have registered the vessel before selling it to you, but if they haven’t, it’s your responsibility to do so immediately.
We at the National Vessel Registry know how crucial it is to provide quick change of ownership services. When you buy a boat from us, you can rest assured knowing that the procedure will be quick and painless so that you can start enjoying it immediately. For more information on how we may assist you with your next boat purchase, please get in touch with us at +1 (800) 419-9569.