Originally Posted by helise
Please understand carefully the title of the subject "Canadian buying
a boat in US to travel the world. (tax question)".
He is buying
a boat in US to travel the world and he is looking for a country to flag his boat without paying any taxes
. That was his priority and subject above.
Your researched was outdated and I am very sure that you do not intent to live in the car unless you are inhuman. Bringing a rental car and bringing a foreign registered boat into Canada
are two different issues.
If you can not understand the subject to be discuss and the laws pertaining car and boat, please keep quite and DO NOT confusing others........
I guess I should say 'Thank You' for the very slight reduction in condescention from last time? I'm sure you don't come across as this abrasive in person, so I'll just chalk it up to one of the quirks of anonymous forum communication and give you the benefit of the doubt.
I understood that the OP is planning on buying a boat to travel the world. I also noted that in a followup post he stated this:
"183+ days? Yeah, that's not going to work.
The plan is to give-up my Canadian residence, buy a boat next month and sail it back to Canada
for a 2 month stay before leaving for good..."
So I'll stand by my recommendation that the OP seek some guidance from a knowledgeable tax lawyer or accountant as his current
plan still looks like it's differnet enough from your situation (my apologies for assuming it was just that your husband was American), that simply having the yacht registered elsewhere (and even declares his address to be outside of Canada) may not be enough if he brings the boat in a month after leaving and then Customs
decides they don't agree. In that case, there are a myriad of details such as banking, drivers license
, travel/residency history
in a passport, visas, etc, that Revenue Canada could evaluate to determine whether you meet their conditions for 'non-residency', and I'm still not convinced that simply telling the OP to register his boat in Lankawi and give his address as the agent's in Malaysia
will meet all of those requirements on the timeframe the OP is talking about.
Finally, I was never suggesting that the car was to be lived in. I was simply noting that even simple unexpected things such as this can be complicated by small details. A couple of years ago, some friends of our from the Caribbean
had the issue when trying to go into Canada with a U.S. rental car for a visit. They were living on their boat in the Caribbean
with no permanent address in Canada, but the Driver's Licenses they had were Canadian with a family
member's address and that is what caused the problem. Maybe others have done this with no issues and they simply got an agent on a REALLY bad day, but sometimes that's all it takes and it simply served as an example of a small 'detail' becoming an issue in these more unusual circumstances.
I'm now going back to my coffee and Bailey's, in the cockpit
of our boat bought outside of Canada and therefore not subject to Canadian taxes
either, overlooking a nice deserted, tranquil bay.