I am looking at buying
a boat in the US (California) and (possibly) importing it to Canada
and am looking for some advice on how to do this. My main questions:
1. The boat is a Beneteau
, made in France
with a value of about $90k Canadian, so I expect there will be import
duties. Is the total tax = GST + PST + Duty? Somebody told me 15% import
tax, is that the total tax?
2. I also have the option of keeping the boat in the US. I live near Vancouver but could leave the boat just across the border in Point Roberts, WA. I believe I can get a Canadian registration
and not pay any taxes
provided the boat is not left unattended for more than 30 days in Canada
. Has anybody done this and what are the pros and cons (ie clearing customs
everytime I sail back into Canada etc.)? The boat needs about 10k of upgrades / repairs
so the tax savings would pay for this plus a couple of years of moorage.
3. Given this is the first time I have done this type of transaction and am feeling quite nervous about it, am I better off to get a Canadian based broker to help me with the transaction or just deal with the listing broker? The only issue here is I may have a little more bargaining power with just one broker but I don't want to compromise any of the legal
issues with bringing it back to Canada.
4. I haven't seen the boat yet but one thing I am considering is having a surveyor
go and do a 'quick' screening on the vessel to see if there are any major issues that I have't been informed of before I blow a grand to go down to California
? Is this a common request for a surveyor
? If I get a green light from the surveyor then I would go down, and if still interested, get a full survey
done. Am I on the right path here?
Thanks in advance,