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Join Date: Sep 2005
Location: New Westminster, BC
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Re: Canada sales tax on registered boat
You'll definitely get 'nailed' on an import.. but if it's a Canadian deal, and the CRA, TC, and the province don't have it together you might avoid the tax for a while... but only for a while.
We bought a Registered boat some time ago (1992). The broker withheld the tax at the time of purchase. Some months later we got a letter from the tax people with a bill for the taxes (PST at the time), which they thought hadn't been paid. A quick call to the broker sorted it out, but I suspect if you ignore the issue, eventually it won't ignore you... I think once you transfer registry the info will trickle down to the 'right' people at some point.
1984 Fast/Nicholson 345 "FastForward"
".. there is much you could do at sea with common sense.. and very little you could do without it.."
Capt G E Ericson (from "The Cruel Sea" by Nicholas Monsarrat)