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[hamburking]

Originally Posted by fgraham

If I buy a boat in Canada is it going to be taxed?

If the boat is under 10hp, no tax, no paperwork, just a handshake and a receipt.

If you license the boat in Ontario, you might get a tax bill for 13%....might...eventually. You actually owe 13% and are supposed to remit it, but the penalty for not paying the tax is to pay the tax. In my experience that's easier than trying to figure out where to send the tax money, and trying to explain to them why you are sending them money.

If you want to take the boat back to the USA, you would have to ask Mr Trump about that.

[Mike OReilly]

fgraham, I don’t think you’d pay Canadian tax, but you’ll likely have to pay whatever State tax is applicable, and perhaps duty if the boat is not a NAFTA boat, when you import it back to the USA, which is what I infer you’re asking.

I believe (but you should check) that there is a way for foreigners to recover any sales taxes paid while visiting Canada, so that could be another option.

… indeed, a quick search turns up this from an official CRA document:

"What qualifies for the refund?
Eligible goods
You can claim a refund of the GST/HST paid on most goods you take home with you. Goods generally qualify for a refund if you meet the following conditions:
■ you paid GST/HST on the goods;
■ you bought the goods to use primarily outside
Canada; and
■ you removed the goods from Canada
within 60 days of delivery to you"

[hamburking]

Originally Posted by Mike OReilly

fgraham, I don’t think you’d pay Canadian tax, but you’ll likely have to pay whatever State tax is applicable, and perhaps duty if the boat is not a NAFTA boat, when you import it back to the USA, which is what I infer you’re asking.

I believe (but you should check) that there is a way for foreigners to recover any sales taxes paid while visiting Canada, so that could be another option.

… indeed, a quick search turns up this from an official CRA document:

"What qualifies for the refund?
Eligible goods
You can claim a refund of the GST/HST paid on most goods you take home with you. Goods generally qualify for a refund if you meet the following conditions:
■ you paid GST/HST on the goods;
■ you bought the goods to use primarily outside
Canada; and
■ you removed the goods from Canada
within 60 days of delivery to you"

That would only apply to a NEW boat. When purchasing used, there is no one there collecting tax. Other than the Toronto Boat show, I wouldn't even know where to go to buy a new sailboat.

[Mike OReilly]

Originally Posted by hamburking

That would only apply to a NEW boat. When purchasing used, there is no one there collecting tax. Other than the Toronto Boat show, I wouldn't even know where to go to buy a new sailboat.

Good point . Hmmm, do you suppose there would be any complication with a brokerage sale? Wouldn’t they be just as likely to charge and collect the tax, new or used?

… I’m just curious at this point.

[hamburking]

Originally Posted by Mike OReilly

Good point . Hmmm, do you suppose there would be any complication with a brokerage sale? Wouldn’t they be just as likely to charge and collect the tax, new or used?

I brought this up in another thread...the one about licensing and registering in canada. Although I've never bought with a broker, I'm told that the broker does not collect sales tax. Mostly they collect their commission.

If you bring a boat into canada on a trailer, you will pay tax at the border crossing. If you cross by boat...maybe not...probably not.

I have bought and sold 8 big sailboats. Every one of them was a private sale. And I never had any trouble.

I think I'm going to head south in a few years, and check out this Caribbean Sea I've heard so much about. So just starting to look for that blue water boat. In the meantime, I might get some hunk of fin keeled junk and do a few more laps of Lake Ontario before the flying carp get here.

[Mike OReilly]

Originally Posted by hamburking

...If you bring a boat into canada on a trailer, you will pay tax at the border crossing. If you cross by boat...maybe not...probably not.

I bought our current boat in the US, and sailed it back to Canada. When I cleared in I had to import the boat. They certainly charged me HST, and would have charged 9.5% duty on top had this not been an American boat.

Originally Posted by hamburking

I think I'm going to head south in a few years, and check out this Caribbean Sea I've heard so much about. So just starting to look for that blue water boat. In the meantime, I might get some hunk of fin keeled junk and do a few more laps of Lake Ontario before the flying carp get here.

Maybe we’ll both make it there around the same time then. Actually, at the speed we travel, you might even beat us .