Boats are either licensed (the numbers on the bow) or federally registered , a chosen name and name of declared home port painted on stern. They are different than a car or motorbike as they have two different systems to register. And once you start with license registeration or numbers thats the system your supposed to stay with. Its a bit of an odd duck as there is no blue book for boat value for customs to check and boat value can go from $500 to 1million+. And when you drive a boat across the lake and tie it up, you have to report your here, then do the paperwork.
With the lack of papertrails on thousands of boats , revenue Canada is probably short millions of tax dollars. There are hundreds sold every summer and never re registered.
With the lack of papertrails on thousands of boats , revenue Canada is probably short millions of tax dollars. There are hundreds sold every summer and never re registered.
