Long Term Cruising - SailNet Community

   Search Sailnet:

 forums  store  


Quick Menu
Forums           
Articles          
Galleries        
Boat Reviews  
Classifieds     
Search SailNet 
Boat Search (new)

Shop the
SailNet Store
Anchor Locker
Boatbuilding & Repair
Charts
Clothing
Electrical
Electronics
Engine
Hatches and Portlights
Interior And Galley
Maintenance
Marine Electronics
Navigation
Other Items
Plumbing and Pumps
Rigging
Safety
Sailing Hardware
Trailer & Watersports
Clearance Items

Advertise Here






Go Back   SailNet Community > Out There > Cruising & Liveaboard Forum > Living Aboard
 Not a Member? 


Reply
 
LinkBack Thread Tools
  #1  
Old 01-29-2007
Junior Member
 
Join Date: Sep 2006
Posts: 11
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
WannaSail14 is on a distinguished road
Red face Long Term Cruising

HI ALl,

Looking for a little in put and direction to information. We live in Canada and will be buying a boat in Florida. We plan to sail for 3 years. My question as you are not living in a specific country how personal taxes etc. work. If you are not making any money there is nothing to report. I guess I am just wondering what legal things you still need to do while be abroad indefinelty.

Any input would be helpful with the above as well as any other information people would like to divulge. ie. insurance companies for boat insurance, medical insurance etc. We would highly value any information you are all willing to share.

Cheers!
Reply With Quote Share with Facebook
  #2  
Old 01-29-2007
Idiens's Avatar
Larus Marinus
 
Join Date: Jan 2007
Location: Brussels
Posts: 1,756
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 8
Idiens is on a distinguished road
People write books on the subject. My favourite is still Annie Hill's Voyaging on a small income.
Reply With Quote Share with Facebook
  #3  
Old 01-30-2007
Member
 
Join Date: Feb 2006
Posts: 38
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
CDRA is on a distinguished road
Your boat will have a home port or hailing port, the insurance will have a land based billing address, your passport will have a home address and the taxing authority from those addresses will want your money.
Reply With Quote Share with Facebook
  #4  
Old 01-30-2007
Cruisingdad's Avatar
Best Looking MALE Mod
 
Join Date: Jul 2006
Location: Washington State
Posts: 9,904
Thanks: 3
Thanked 110 Times in 53 Posts
Rep Power: 10
Cruisingdad is a jewel in the rough Cruisingdad is a jewel in the rough Cruisingdad is a jewel in the rough
Wannasail-

I will give you as much info as I can. Others can help on some other areas.

1) First, on the taxes, I cannot help you at all. I am not Canadian. You should speak to some of your brotheren up there. There are many on this board. I cannot remember, but Faster may be Canadian and I think he spends the summers in the islands. Give him a shot there.

2) Boat Insurance. As far as the boat insurance... there are several options depending upon location. For Florida and Bahamas, you really should consider Boat US. To the best of my knowledge, it is not US citizen restricted. The basic policy will cover you east of the Mississippi up to around SC or NC I think. It will not cover the Bahamas. $100 more for Bahamas for the year. If you plan on heading further south to the winwards (or Cuba) you will need to pick up seperate riders from other companies. You may not want Boat US at all. It may be tricky even for a Canadian to get a rider for Cuba... but as a US citizen, this is hear-say so I will not comment further.

3) Hurricanes. You need to decide where you will weather Hurricanes. Many companies will not let you weather winward south and have stiff requirements for coverage during the hurricane months. Again, using Boat US as an option, if you are in FL during the Hurricane months your insurance will be quite high. 250-300k on my boat was 4200/year in FL. If I move my boat west of the Mississippi, it droped in half. I think the same holds true for moving up north but I have no experience up there. As I recall, it is SC/NC north... but those rules seem to change a bit and Boat US will help you with that. I like Boat US because you can change midseason without redoing all your insurance. Basically just given them a call and it is done and they will credit/debit you for your change of location. However, as I said before, there can be issues with the south islands and NO Cuba (which may not be on your venue anyways).

4) Medical Insurance. That is a personal decision. Check with Cam or others. You will probably not want the "doctor visit" level, but you would probably want Evac level. You may need a special rider for a medical evac to a supporting country where you will want advanced medical care (like the US). There are horror stories about people having insurance, needing to be evac'd to the US for advanced care, and getting whopped with a bill that goes well into the tens of tens of thousands... and your medical insurance does not cover that.

5) Bahamas. Here is your entry regulations for the Bahamas. Bahamas really caters to boaters. You could spend three years there and still not see everything. We met a couple in the Tortugas once that told us about some Candadian friends they found in the Bahamas that were going to just stop off there on their way south... and 15 years later were still there. Anyways, here you go: http://www.bahamas.com/bahamas/about...=24465&level=2

6) Florida cruising. Hmm. Well, if the Bahamas caters to boaters, Florida caters to money. It is changing, and many of the places that you could anchor before are either being taken up by commercial developments or over run with mooring balls. (It is a sensitive subject for me... and others). The east coast is very pretty but more developed. The west caost is very nice and more laid back. The keys are nice, but getting very developed. Marathon is nice and an easy run. If you do that, take the time to jump about 60-70 miles west of Key West to the Dry Tortugas. Plan on spending as much time as you can there. It is BEAUTIFUL, great diving and reefs, lots of wildlife including sea turtles and ship wrecks to explore, an awesome mid-1800's fort with the cannons still sitting there... etc. It is a National Park and out of the way... but worth it. From there you can make your way north up the FL coast where there are still many places to anchor and feel a little secluded. If you plan your trip right, you could make your way all the west to Texas over the Hurricane months and have very nice marinas, cheap insurance, and cheap slips. Texas to Florida is about 5-7 days at sea or quite a bit longer if you hug the coast. From Texas you can pop south down Mexico and around the Yucatan.

There, that is a lot of information to absorb. Others can help more. Cam is very knowledgeable, but a US Citizen so cannot answer everything. Faster and othes can help a bunch too. Good luck, keep in touch with us.

- CD
Reply With Quote Share with Facebook
  #5  
Old 01-30-2007
Cruisingdad's Avatar
Best Looking MALE Mod
 
Join Date: Jul 2006
Location: Washington State
Posts: 9,904
Thanks: 3
Thanked 110 Times in 53 Posts
Rep Power: 10
Cruisingdad is a jewel in the rough Cruisingdad is a jewel in the rough Cruisingdad is a jewel in the rough
PS I may be corrected. It may be Vasco that is the Canadian citizen... sorry, I never remember. Try Vasco too.
Reply With Quote Share with Facebook
  #6  
Old 01-30-2007
Junior Member
 
Join Date: Sep 2006
Posts: 11
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
WannaSail14 is on a distinguished road
Smile All and any information wanted on Cruising

Great,

Thanks for the input. And oh yes we will be below the hurricane belt for hurricane season. Our plan is to buy a boat in Florida, get it ready and sail through the carribean and below for about a year. After that we will then be heading accross the Atlantic and spend a couple of years making our way to Australia where we will permanelty base ourselves. So I will be on this site frequently looking for information, insight and feedback from all of you well experienced sailors.

We have been doing alot of research but still so much to learn and know, it is mind boggling everything that needs to be done and looked after. Although quite thourghly enjoying every step of it and can't wait for the final take off.

Cheers and again thanks and any other input anyone would love to share would be FANTASTIC.

Talk again!
Reply With Quote Share with Facebook
  #7  
Old 01-30-2007
ebs001's Avatar
Senior Member
 
Join Date: May 2006
Location: Ottawa, Canada
Posts: 2,145
Thanks: 5
Thanked 21 Times in 19 Posts
Rep Power: 9
ebs001 is on a distinguished road
Until you become a citizen or landed immigrant of another country Canada considers you a Canadian and they will tax any income you make. You cannot be a citizen of the world and will have to file your Canadian income tax each year.
As far as health care you are only allowed to be out of your province for part of a year (Ontario 7 Months). If you are going to be out of the country longer than that you can apply for a once in a life time 2 year extension. You will need this exemption to get supplemantary health insurance for that period.
Reply With Quote Share with Facebook
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

 
Posting Rules
You may post new threads
You may post replies
You may post attachments
You may edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Long term cruising CaptainNeil Crew Wanted/Available 0 05-04-2003 08:35 AM
Calculating the Cost of Cruising Paul & Sheryl Shard Cruising Articles 0 04-03-2003 07:00 PM
Calculating the Cost of Cruising Paul & Sheryl Shard Her Sailnet Articles 0 04-03-2003 07:00 PM
Long term cruising CaptainNeil Crew Wanted/Available 0 11-09-2002 07:56 AM


All times are GMT -4. The time now is 06:42 AM.

Add to My Yahoo!         
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
SEO by vBSEO 3.6.1
(c) Marine.com LLC 2000-2012

The SailNet.com store is owned and operated by a company independent of the SailNet.com forum. You are now leaving the SailNet forum. Click OK to continue or Cancel to return to the SailNet forum.