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Old 19-10-2018, 08:24   #1
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Non Canadaian buying and keeping in Canada

Hi all,

So we are looking to spend more time with our daughters family in Canada and sailing some spectacular BC coastline too. The question is as we are not Canadian can we buy a Canadian flagged yacht and keep it on a Canadian flag? or would we have to delete it from the Canadian register re flag her and import the boat into Canada? Is there a tax implication for the latter? Could the boat then be kept in BC on a Foreign flag permanently? many thanks for any knowledge shared on this subject.
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Old 19-10-2018, 08:54   #2
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Re: Non Canadaian buying and keeping in Canada

Canada has two systems of vessel tracking; licensing and registration. Licensing is free and suitable for most pleasure craft unless you need a mortgage on the vessel. Registration in the Canadian Register of Vessels is more formal and has a fee. It is required if you have a mortgage and/or leave Canada with the boat for an extended period. However, registration is not open to foreigners (unless you do some fancy footwork around a corporation).

Registration:

Quote:
The Act states that to qualify as a registered owner(s), you must be:

A Canadian citizen or a permanent resident within the meaning of subsection 2(1) of the Immigration and Refugee Protection Act; or

A corporation incorporated under the laws of Canada or a province.

A corporation incorporated under the laws of a foreign state if one of the following is acting with respect to all matters relating to the vessel, namely, a subsidiary of the corporation incorporated under the laws of Canada or a province, an employee or a director in Canada of a branch office of the corporation that is carrying on business in Canada, or

a ship management company incorporated under the laws of Canada or a province.
Licensing only requires proof of identity and specifically allows foreign owners:

Quote:
A valid piece of government-issued identification can be:
• a provincial/territorial birth certificate;
• a certificate of Canadian citizenship;
• a Canadian passport; or
• a provincial/territorial driver's licence.
Note 3: A provincial health card cannot be used as proof of identification.
Non-residents may use valid government-issued identification from their own country [emphasis added]
So, short answer, you should be fine with licensing, registration becomes more of a problem.
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Old 19-10-2018, 10:37   #3
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Re: Non Canadaian buying and keeping in Canada

You may want to check into any sales tax liability that you could incur before buying.
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