Taxes on Boat Purchase
My Brother-in-law bought a boat in Florida and went offshore for the closing and didn't pay any tax. He is a dual citizen, Canadian and Argentine, living in Argentina (sailing the Caribbean).
I am wondering about registration as a Canadian and Tax issues which would be the best for me. I am not taking the boat to Canada but will be keeping it in the Caribbean. The tankers are all registered in Panama. If I register in Canada the taxes are wow. Any suggestions????