Even a Kayak would go through these importation rules |
A lot has already been written on this topic, and I encourage everyone to read through it here,
Many US buyers, use a Delaware corporation to own the boat, and get around some of the taxing issues, but this is not feasible/applicable for Canadians.
For my specific situation:
- Buying a US documented boat
- Bringing to to Canada
- To liveaboard; meaning it will be in Canada for very extended periods
- Generally, there are no taxes in the state where it is bought, as long as it is removed in short order (depending on the state - 30-90 days)
- When bringing it to Canada, which it is known as "importing" the boat, you will right away be subject to HST (PST+GST) as it applies in your province, that is 13% in Ontario. Too bad Alberta is so far and not on the great lakes, only GST(5%) would apply there.
- If the boat is not built in North America, which I believe most trawlers fall in that scenario (as being from Taiwan), you are also subject to 9.5% import duty.
I would hope that boats over, say 30 years old, should be exempt from duty, but I dont believe this is the case. Still researching, will update this post if I find better details on this.
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