Cruisers Forum
 


Join CruisersForum Today

Reply
 
Thread Tools Rate Thread Display Modes
Old 02-11-2008, 12:37   #1
Registered User

Join Date: Feb 2005
Location: Victoria. BC
Posts: 17
Question Flagging a boat bought in the Caribbean??

Hi Everyone,

I have question about flagging/registering a boat bought in the Caribbean and I hope someone can point me in the right direction!

We're Canadian and are planning to buy another boat most likely in the Caribbean. We'll most likely never bring the boat to Canada. We plan to cruise the Caribbean for a few years and will probably eventually pop through the Canal and cruise the Pacific again.

I am trying to find our more information about my options in regards to the best options to register the boat and avoid any unnecessary taxes, fees, etc. The best scenario would to leave the boat somewhere in the Caribbean for a year or so until we are ready to leave.

Thanks for any help,
Mark
__________________

__________________
S/V Salacia
www.salacia.ca
Salacia is offline   Reply With Quote
Old 02-11-2008, 13:23   #2
Senior Cruiser
 
Vasco's Avatar

Cruisers Forum Supporter

Join Date: Apr 2004
Location: Toronto
Boat: CS36Merlin, "La Belle Aurore" Ben393 "Breathless"
Posts: 7,130
You can register the boat in Canada. All you have to pay is $300. No taxes, no GST if you don't bring it home. Process is fairly easy especially if the boat is under 12 meters. I think over 12 they require a tonnage survey. All the info is at the DOT website. Don't have the link at hand but it's easy to find. One word of advice if you do register it in Canada pick a big port like Toronto where they are used to doing this.

Found the link.
http://www.tc.gc.ca/marinesafety/Tp/...er-license.htm
__________________

__________________
Rick I
Toronto in summer, Bahamas in winter.
http://groups.yahoo.com/group/beneteau393/
Vasco is offline   Reply With Quote
Old 02-11-2008, 15:26   #3
Registered User
 
Caribsailors's Avatar

Join Date: Jun 2008
Location: Somewhere in the Caribbean
Boat: Beneteau First 38
Posts: 308
Images: 23
Thumbs up Been there done that

Great question! I learned from experience and it wasn't all bad.

Found my second dream girl in Grenada and eventually bought her. Being a proud Canadian I of course wanted to register her in the best county to live in according to every Canadian and a UN survey, but don't quote me on the survey.

I did register out of the port of Vancouver, as I lived in BC at the time, which was done completely through the mail while I was still in Grenada no problems.

I ended up taking a job in the Turks & Caico's Islands and then sailed here there.

While there I received a letter from the BC Gov. looking for PST which I ignored as I or the boat wasn't in the country. Well that was not the right thing to do. Well another year later, I get a letter stating the Gov had sent it to a collection agency.

Well on the phone I get. I did actually talk to a human with the BC Gov explained the boat is NOT in Canadian water and more so, BC waters, and that I would be more that willing to pay PST if that ever happened. She was most helpful. I did fax my entry and exit papers of the countries on my travels and the entry papers for the TCI.

My thoughts if I was to do it again would be to either register out of the port of Edmonton as there is no PST in Alberia (Alberta) or Panama. I did want to register her out of my home yacht club, but it was not considered a port of registration.

My experience. Do it and enjoy!

Cheers
__________________
As I sit, a swirling sea of passion gives it's poems in waves underneath me.
The whispers of the sun in my eyes, a silence within.
Rhythm of the surf, drums of the sea. Thoughts tumble and toss about the deep blue abyss inside me, where the love of you dwells.
I'm fighting currents to get back to you, listening to the flow of your liquid language as you beckon me, "Come Play"
Mariners Cove, CI. Anonymous.
Caribsailors is offline   Reply With Quote
Old 03-11-2008, 03:40   #4
Moderator Emeritus
 
GordMay's Avatar

Join Date: Mar 2003
Location: Thunder Bay, Ontario - 48-29N x 89-20W
Boat: (Cruiser Living On Dirt)
Posts: 31,571
Images: 240
Quote:
Originally Posted by Caribsailors View Post
... Being a proud Canadian I of course wanted to register her in the best county to live in according to every Canadian and a UN survey, but don't quote me on the survey ...
Best & Worst Places to Live:

The Human Development Index (HDI), published annually by the UN, ranks nations according to their citizens' quality of life rather than strictly by a nation's traditional economic figures.
The HDI is a summary composite index that measures a country's average achievements in three basic aspects of human development: health, knowledge, and a decent standard of living. Health is measured by life expectancy at birth; knowledge is measured by a combination of the adult literacy rate and the combined primary, secondary, and tertiary gross enrolment ratio; and standard of living by GDP per capita (PPP US$).

Excerpted from
The 2007/2008 HDI Index: Statistics - Human Development Reports (UNDP)

1. Iceland
2. Norway
3. Australia
4. Canada
5. Ireland
6. Sweden
7. Switzerland
8. Japan
9. Netherlands
10. France
...
12. United States
...
16. United Kingdom
...
19. New Zealand
...
25. Singapore
...
54. Saint Kitts and Nevis
...
168. Congo, Dem. Rep.
169. Ethiopia
170. Chad
171. Central African Republic
172. Mozambique
173. Mali
174. Niger
175. Guinea-Bissau
176. Burkina Faso
177. Sierra Leone

Obviously, a salubrious climate isn’t factored in to the equation.
__________________
Gord May
"If you didn't have the time or money to do it right in the first place, when will you get the time/$ to fix it?"



GordMay is offline   Reply With Quote
Old 03-11-2008, 07:03   #5
Senior Cruiser
 
Vasco's Avatar

Cruisers Forum Supporter

Join Date: Apr 2004
Location: Toronto
Boat: CS36Merlin, "La Belle Aurore" Ben393 "Breathless"
Posts: 7,130
Well the UN better have another look at Iceland.
Credit crisis triggers downturn in Iceland - International Herald Tribune
__________________
Rick I
Toronto in summer, Bahamas in winter.
http://groups.yahoo.com/group/beneteau393/
Vasco is offline   Reply With Quote
Old 03-11-2008, 08:03   #6
Registered User

Join Date: Feb 2005
Location: Victoria. BC
Posts: 17
Thanks!

Thanks for the replies. You've been very helpful. The last time I bought a boat out of the country I bought it in California, trucked it to Canada and then paid the taxes and registered it in Victoria. I was hoping to hear that I could still register it in Canada and skip the taxes until I import it.

Vasco - thanks for the link!
__________________
S/V Salacia
www.salacia.ca
Salacia is offline   Reply With Quote
Old 03-11-2008, 09:47   #7
Registered User
 
Reality Check's Avatar

Join Date: Jun 2007
Location: West Indies, Now live aboard as cruiser/ voyager often with guest/ friends
Boat: 36' Bene
Posts: 585
Send a message via ICQ to Reality Check
You do need to be aware, that many places in the Craib have local taxes. These Cruising taxes are often by the day and can add up quickly. If your going to be in one area for an extended stay, you may want to look into a Temporary Importation tax which can be a significant cost saver. Sailing free anywhere does not seem possible, with mooring fees, cruising fees, fuel fees, dock fees, Customs and Immigration fees... guess we should consider just getting a really long chain and anchor mid Atlantic.
__________________
I prefer a sailboat to a motorboat, and it is my belief that boat sailing is a finer, more difficult, and sturdier art than running a motor.
--- Jack London
Reality Check is offline   Reply With Quote
Old 04-11-2008, 08:53   #8
Registered User
 
Caribsailors's Avatar

Join Date: Jun 2008
Location: Somewhere in the Caribbean
Boat: Beneteau First 38
Posts: 308
Images: 23
Very True

Reality Check has it right. Most if not all will require a cruising permit be purchased. I know the BVI Gov, in their infinet wisdom have implemented a new cruising fee for ALL foreign vessels. For us that that works out to almost $300 USD a month. Sorry the BVI is interesting cruising but not that interesting.

The Turks & Caicos Islands will issue a 3 month cruising permit and allow one renewal. After that the vessel will have to leave the country for 6 months or pay 10% import duty on the market value of the vessel.

Grenada issues a cruising permit to the vessel for the year for $50 USD, , as long as you are in Grenadan waters. But if you sail up to the Grenadiens and back you will need to get another permit or they did five years ago.

Cheers
__________________
As I sit, a swirling sea of passion gives it's poems in waves underneath me.
The whispers of the sun in my eyes, a silence within.
Rhythm of the surf, drums of the sea. Thoughts tumble and toss about the deep blue abyss inside me, where the love of you dwells.
I'm fighting currents to get back to you, listening to the flow of your liquid language as you beckon me, "Come Play"
Mariners Cove, CI. Anonymous.
Caribsailors is offline   Reply With Quote
Old 04-11-2008, 09:02   #9
Senior Cruiser
 
Vasco's Avatar

Cruisers Forum Supporter

Join Date: Apr 2004
Location: Toronto
Boat: CS36Merlin, "La Belle Aurore" Ben393 "Breathless"
Posts: 7,130
Quote:
Originally Posted by Caribsailors View Post
Reality Check has it right. Most if not all will require a cruising permit be purchased. I know the BVI Gov, in their infinet wisdom have implemented a new cruising fee for ALL foreign vessels. For us that that works out to almost $300 USD a month. Sorry the BVI is interesting cruising but not that interesting.

Cheers
I thought the BVI had rescinded this new tax.
__________________
Rick I
Toronto in summer, Bahamas in winter.
http://groups.yahoo.com/group/beneteau393/
Vasco is offline   Reply With Quote
Old 04-11-2008, 09:09   #10
Registered User
 
Reality Check's Avatar

Join Date: Jun 2007
Location: West Indies, Now live aboard as cruiser/ voyager often with guest/ friends
Boat: 36' Bene
Posts: 585
Send a message via ICQ to Reality Check
BVI did rescind the NEW tax... but they still have several taxes that apply to cruising based on how long your in the area and if you use National Parks Facilities.

At present I keep my boat in the BVI most of the time and pay a yearly Temporary Import Fee of $201.00 per year which isn't bad at all, but if your in for only a month you could find your paying about the same. If you charter within the BVI you don't have to worry about it as much as it is included in your total charter cost. Just make sure you are looking at Total cost and not simply boat charter cost alone.
__________________
I prefer a sailboat to a motorboat, and it is my belief that boat sailing is a finer, more difficult, and sturdier art than running a motor.
--- Jack London
Reality Check is offline   Reply With Quote
Old 04-11-2008, 09:10   #11
Registered User
 
Caribsailors's Avatar

Join Date: Jun 2008
Location: Somewhere in the Caribbean
Boat: Beneteau First 38
Posts: 308
Images: 23
It was in place in July

Not sure now.

Cheers
__________________

__________________
As I sit, a swirling sea of passion gives it's poems in waves underneath me.
The whispers of the sun in my eyes, a silence within.
Rhythm of the surf, drums of the sea. Thoughts tumble and toss about the deep blue abyss inside me, where the love of you dwells.
I'm fighting currents to get back to you, listening to the flow of your liquid language as you beckon me, "Come Play"
Mariners Cove, CI. Anonymous.
Caribsailors is offline   Reply With Quote
Reply

Tags
Caribbean

Thread Tools
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
Bought a Boat with No Experience? beetlejuice30 Monohull Sailboats 30 11-12-2016 16:26
Bought an Old Boat Today! How Bad Off Am I?? James427 Construction, Maintenance & Refit 23 08-08-2008 04:21
anyone bought a new boat lately? decktapper Multihull Sailboats 26 27-07-2008 15:21
New to forum, bought 2nd boat Capt'n Carl Meets & Greets 2 09-04-2008 02:11
I just bought a boat! sgtPluck Meets & Greets 12 24-03-2008 11:43



Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 23:00.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.