If you’re planning on selling a pleasure craft in Ontario, you have to go through a transfer process for its ownership. Here’s everything that you need to know to take care of this.
Selling a Pleasure Craft in Ontario
If you are carrying out this process, it is because you are looking to transfer the registration, ownership, and property of the pleasure craft in question to another person, company, or entity, whether that means a full or partial claim. When selling a pleasure craft in Ontario, you will have to go through the administrative application process that transfers the Transport Canada documentation onto the new owner of the boat. Here at the National Vessel Registry Center, you will find everything that you need to take care of this filing with the help of our team. If you need assistance with any step of the transfer process, you can always reach out to us for help.
Selling Your Boat
The process of selling a pleasure craft in Ontario can take many different forms depending on how you approach the sale. Maybe you sell it through a broker to save yourself the trouble, or perhaps you take matters into your own hands and post ads everywhere to find a buyer. Regardless of how you end up taking care of the sale, you will always have to remember something very important: the bill of sale. You always need to provide a Transport Canada-formatted bill of sale. This way, you can certify that the sale is indeed taking place and make it official in the eyes of the transportation agency. In order to transfer ownership of the pleasure craft, you will need to upload the bill of sale as part of the application.
Filing For Transfer
Part of the process of selling your vessel will involve going through the transfer of ownership itself. This will make the process official in that, in the eyes of the national vessel registry, the vessel in question will no longer be yours and is being passed along to a new owner. While many people think that the sale alone is enough to make the new ownership official, in reality, there has to be an administrative process that reflects the change of ownership in Transport Canada’s registry. This process needs to be carried out by the seller in order to properly transfer the license to the new buyer.
Submitting Forms to Transport Canada
Filing any sort of registration or license application with Transport Canada can be somewhat challenging for a variety of reasons. Requirements can get confusing, and forms can be frustrating. For that reason, we have set up this platform: to help you navigate the wide variety of processes handled by Transport Canada without any issues. Trust our team to assist you with getting your watercraft’s documentation processed quickly and easily. You can find all the forms you might need on our menu, but feel free to reach out to us if you have any doubts about any of them. We’re here to help you get your documentation in order.