I went to the ParisMOU home page and had a look around. Canada
is not on any list they have, black/grey/white or anything. So automatically I would be up for inspection
annually. But I have to wonder, what are the requirements for a yacht? This whole thing is geared for commercial shipping
and the requirements are published. They seem never to have inspected yachts, so what are they basing inspections on?
Their site does list the Port State Control mechanisms in various countries, including Canada
so it would seem smartest to contact your flags
PSC and find out what the requirements are.