Oregonian buying a sailboat in Canada

[junaido]

I am an Oregon resident looking to buy a sailboat in Vancouver, BC. Anyone know the tax implications and legal hassles of such a transaction ? Would I have to pay any sales tax in Canada? I believe Oregon has no sales tax and flat $3/ft registration fee.

I would most likely sail the boat back down to Oregon.

Thanks,

J.

[Petar]

boats in Vancouver, BC are heavily overpriced in comparison with washington and even oregon state, unless you have found an extraordinary deal. I just purchased my second sailboat in 5 years in Seattle an I live in Vancouver. I know about importing from US to Canada but not sure about other way around. Check with your customs.

[Izzy1414]

J,

No input on your question but a word to the wise that you probably already know ...... make sure you're up to the voyage and pick your window carefully. You're talking about some of the most treacherous waters on the planet.

[junaido]

According to the broker, there is no tax levied on the sale in Canada and no duties if the boat was manufactured in US. Not sure what happens if it weren't.
Boat prices seem comparable between BC and OR/WA, of course currency fluctuation can mean a 20-30% discount if one times it just right.

[Sequitur]

Originally Posted by junaido

Boat prices seem comparable between BC and OR/WA, of course currency fluctuation can mean a 20-30% discount if one times it just right.

I think you are on the wrong side of this equation for a while; the US$ has been tanking against the major world currencies for some time. The US and Canadian dollars are currently at par.

[junaido]

Currently they are at par, and you are right that US debt-laden economy does not augur well for the dollar riding high again, but weirder things have happened. Last summer USD/CAD were trading at much different rates. I don't know why these fluctuations happen but if they become favorable again, I will certainly factor that into the calculation.