Originally Posted by Frozen Chosen
I would like to register the boat in Canada but do not intend to import the boat into the country and pay the taxes. Is it possible to delink the two? I intend to insure the vessel and will need to register it somewhere but can anyone give me some advice on how to register it in Canada without engaging Revenue Canada?
Yes, it is possible as the two events
(boat licensing/registering and paying due taxes/fees) are not linked procedurally. If you are lucky, you might not show up when Revenue Canada does occasional harvesting of Canadian boat license/registration records. If you are not, the RCMP might be knocking on your door and asking the questions ... I am not kidding!
If they find you, then you are not only responsible for the outstanding taxes and fees
, but also for penalties and accrued compounded interest. Could be a bad event for your retirement
fund ... not fun.
I did it by the book, despite the fact that I am NOT permanent Canadian resident. Here is my experience: Purchasing a boat in the USA and bringing it back to Canada