Bringing a foreign flagged vessel into Canada

[Explorer64]

Hi Guys.

We have a yacht in Florida on a cruising permit that is flagged in Cayman and owned by a foreign LLC. I want to bring the boat into Canada to cruise for 3 months before returning to the USA later in the year.

My questions are:

1. As a Canadian Citizen can I bring this boat in without paying taxes as it will not be staying?

2. How do I handle the fact that it is owned by an llc?

3. Can I as a Canadian use the boat in Canada as I know my insurance allows this but I am unsure with respect to taxes etc.

4. Anything you think I am missing?

Thanks in advance for your input.

Wishing you all fair seas and following winds.

[Sailingallday]

The only ones who can really answer this is CBSA. reach out to them with these exact questions. They are pretty helpful when asked in advance - even if I don’t always like the answers they give.

[Explorer64]

Thanks for the input.