Buying Boat Documented in Canada

juliohm · 30-12-2008, 09:26

I am considering buying an IP31 located in the US, but documented in Canada. Besides paying for US documentation and state taxes, what other fees are involved?
Also, what is the process required to do the conversion?
Thanks for any help you can provide.
Julio
Robbinsville, NJ
USA

42AFJ · 30-12-2008, 13:03

We bought our boat in Ft Lauderdale. The boat was documented in Canada. Our agent handled most of the logistics and the selling broker should have most of the answers for you. If I remember correctly there is a customs fee of some sorts, along with fee to remove documentation from Canada.

Tropic Cat · 30-12-2008, 16:19

I also bought a Canadian registered vessel.

Other than the normal paperwork I had to complete 2 additional steps. The first was to "import" the boat into the USA and pay duty on it. My boat had been in Florida for years as a foreign vessel, and this still had to be done. I believe I paid 2% duty in 2005.

The other step was to send the Canadian government a request to 'undocument' the boat. My broker assisted with these tasks.

Both these steps were necessary for Florida registration.

markpj23 · 30-12-2008, 17:02

I too bought a Canadian registered vessel but did NOT have to pay duty of any sort. Boat was US built so that may have been the difference.

The finance company handled the documentation through a broker. No problems at all. Purchase was in LA but the boat was registered in TX and of course USCG documented.

30-12-2008, 09:26	#1
juliohm Registered User Join Date: Apr 2007 Posts: 3	Buying Boat Documented in Canada I am considering buying an IP31 located in the US, but documented in Canada. Besides paying for US documentation and state taxes, what other fees are involved? Also, what is the process required to do the conversion? Thanks for any help you can provide. Julio Robbinsville, NJ USA

30-12-2008, 16:19	#3
Tropic Cat Registered User Join Date: Aug 2005 Location: Melbourne, FL Boat: Catalac Catamaran Posts: 1,792	I also bought a Canadian registered vessel. Other than the normal paperwork I had to complete 2 additional steps. The first was to "import" the boat into the USA and pay duty on it. My boat had been in Florida for years as a foreign vessel, and this still had to be done. I believe I paid 2% duty in 2005. The other step was to send the Canadian government a request to 'undocument' the boat. My broker assisted with these tasks. Both these steps were necessary for Florida registration. __________________ Sailing 12 months a year in Sunny Florida Catalac Catamaran info site

30-12-2008, 17:02	#4
markpj23 Registered User Join Date: Nov 2005 Location: Palmetto, FL Boat: Manta 42 - "Nauticat" Posts: 961	I too bought a Canadian registered vessel but did NOT have to pay duty of any sort. Boat was US built so that may have been the difference. The finance company handled the documentation through a broker. No problems at all. Purchase was in LA but the boat was registered in TX and of course USCG documented. __________________ Mark

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30-12-2008, 13:03	#2
42AFJ Registered User Join Date: Mar 2008 Location: Charleston, SC Boat: Whitby 42 Posts: 33	We bought our boat in Ft Lauderdale. The boat was documented in Canada. Our agent handled most of the logistics and the selling broker should have most of the answers for you. If I remember correctly there is a customs fee of some sorts, along with fee to remove documentation from Canada.