Whether you are in the market to buy or sell a boat, there is a bit more involved in the process than money simply changing hands. By understanding how a boat ownership transfer in Ontario is carried out, you can be better prepared for your transaction. Making sure all of your paperwork is in order is a cornerstone to sound boating, and this principle is just as true when a boat is changing ownership.
Completing an Ownership Transfer in Ontario
While boating is an incredibly relaxing and rewarding hobby, let’s face it: it isn’t cheap. Considering the expenses that accompany boat ownership, buying a used or secondhand vessel can be a financially prudent move. When this process is carried out, either between two individuals or between a buyer and a broker, a transfer of ownership must be submitted to the Service Canada Pleasure Craft Licensing Centre.
Read more about a boat ownership transfer in Ontario at National Vessel Registry Center, Corp.