growthadventures

My WordPress Blog

Navigating the Transfer of Ownership for Canadian Vessels and Boats

Introduction: Transferring ownership of a vessel or boat in Canada involves navigating through a series of steps and regulations set forth by Transport Canada. Whether it’s a commercial vessel or a pleasure craft, understanding the process is essential to ensure a smooth transition of ownership. Here’s a comprehensive guide to assist in the transfer process.

Registered Vessels (Transport Canada):

For vessels registered with Transport Canada, typically commercial vessels or larger pleasure craft, the transfer process involves the following steps:

form 19 - Transports Canada

  1. Obtain Necessary Forms:
    • The primary form is the “Application for Change of Ownership” (Form 6), which is available on the Transport Canada website.
  2. Bill of Sale:
    • A Bill of Sale is required, detailing the vessel’s name, official number, make, model, year of manufacture, Hull Identification Number (HIN), sale price, and the names and addresses of both the buyer and the seller.
  3. Proof of Citizenship:
  4. Proof of Identity:
    • Both the buyer and the seller must provide valid government-issued identification, such as a driver’s license or passport.
  5. Certificate of Registration:
    • The seller must provide the buyer with the vessel’s Certificate of Registration, which includes details such as the vessel’s official number and registration expiry date.
  6. Payment of Fees:
    • A transfer fee must be paid to Transport Canada, which varies depending on the vessel’s tonnage. The fee schedule can be found on the Transport Canada website.
  7. Submission of Documents:
    • Once all necessary documents are completed and signed, they must be submitted to Transport Canada for processing. This can typically be done online or by mail.
  8. Confirmation of Transfer:
    • Upon approval, Transport Canada will issue a new Certificate of Registration in the buyer’s name, confirming the transfer of ownership.

Pleasure Craft Licensing System:

For smaller pleasure crafts licensed through the Pleasure Craft Licensing System, the transfer process is less complex:

  1. Bill of Sale:
    • Similar to registered vessels, a Bill of Sale is required, detailing the vessel’s information and the terms of sale.
  2. Transfer Form:
    • The buyer and seller must complete a Pleasure Craft Transfer of Ownership Form, available on the Transport Canada website.
  3. Proof of Identity:
    • Both parties must provide valid identification.
  4. Payment of Fees:
    • A transfer fee must be paid to Transport Canada, the amount of which is subject to change.
  5. Submission of Documents:
    • The completed transfer form and any other required documents must be submitted to Transport Canada for processing.
  6. Confirmation of Transfer:
    • Once processed, Transport Canada will issue a new pleasure craft license in the buyer’s name, confirming the transfer of ownership.

Conclusion: Transferring ownership of a vessel or boat in Canada involves adherence to specific procedures and documentation to comply with Transport Canada regulations. Whether it’s a registered vessel or a pleasure craft, following these steps ensures a legal and seamless transition of ownership, allowing new owners to enjoy their maritime adventures with peace of mind.

Leave a Reply

Your email address will not be published. Required fields are marked *