Congrats and good luck with survey, I hope nothing major(deal breaker) is found.
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Thread: boat purchase
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Re: boat purchase
ENUFF. 1983 53MY.Hull #617 Barnegat Light Nj.
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05-08-2019 09:44 PM #12Senior Member
- Join Date
- Mar 2008
- Posts
- 487
Re: boat purchase
Some questions are best not asked on a public forum. For example....you indicate the vessel you are purchasing will be used as a " liveaboard". As a Canadian, you cannot "reside" in the US without first obtaining status. If you take up residence somewhere other than in Canada, you become a non-resident Canadian and immediately subject to capital gains taxes. Etc. Etc.
I presume your intention is to register your vessel under the Canada Shipping Act (federal). The vessel is treated differently than the owner. The vessel might enter into US waters ( with a customs decal) and remain indefinitely but the owner is subject to US immigration laws. Nothing is simple especially when you ask questions and seek accurate opinions in response.