Cruisers Forum
 


Join CruisersForum Today

Reply
 
Thread Tools Search this Thread Rate Thread Display Modes
Old 14-06-2018, 04:43   #1
Registered User

Join Date: Oct 2017
Boat: Island Packet 370
Posts: 37
Title Transfer of US Boat Out of Country Seller & Purchaser

We are in the process of completing the purchase of our boat and things are starting to get complicated. The boat was originally purchased by a US citizen from an American boat manufacturer. Was sold a few years ago to a South American owner. The boat remained in the US after purchase by the second owner. We Canadians come along & purchase the boat. The selling broker shows us the documentation required and the process the brokerage goes through to transfer the title to us. Seems pretty straight forward, notarized bill of sale, lien searches and documents showing chain of ownership through past owners. Previously our Canadian broker had suggested we consider using an Agent (lawyer) he recommended to deal with the transfer & registration process in Canada. Yesterday he told us they never do the transfer paperwork, it is always done by an Agent. Yesterday our broker told us that the Canadian agent isn't able to do the work, it will have to be done by an American agent and suggested an American agent (lawyer) to do the transfer. The sellers broker tells us that he has never had agents or lawyers involved in the process and their brokerage documents the transfer of ownership as part of the service. Up until recently I was led to believe that the brokerage dealt with the transfer documents etc as a part of their commission. How is a transfer of ownership usually handled when purchasing a boat?
njoynthewater is offline   Reply With Quote
Old 14-06-2018, 04:56   #2
Registered User

Join Date: Nov 2016
Location: Sarnia ON
Boat: S2 9.1
Posts: 78
Re: Title Transfer of US Boat Out of Country Seller & Purchaser

My US built boat came from the Boston area and was brought into Ontario. The trucking company checked in with Canadian Customs and paid the HST at the border.

When it arrived I just went and registered it federally which was just the proof that the HST had been paid and the bill of sale. The Bill of Sale was Notarized but I am not sure that was necessary. Nothing to it!


Now it is Provincially registered at Service Ontario but just as simple. Not really a big deal in any way as far as mine went.


Good Luck
Gary Mc is offline   Reply With Quote
Old 14-06-2018, 05:24   #3
Registered User

Join Date: Oct 2017
Boat: Island Packet 370
Posts: 37
Re: Title Transfer of US Boat Out of Country Seller & Purchaser

I should add that we have no plans to bring the boat to Canada at this time. The question really I suppose is does the transfer process require a lawyer?
njoynthewater is offline   Reply With Quote
Reply

Tags
boat, purchase

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
How do I transfer title of my boat to new owner? carlylelk Monohull Sailboats 3 29-11-2013 13:57



Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 01:20.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.