[PUP] Canadian Tax on Boats
Bob McDermott
mcdermott55 at verizon.net
Sun Nov 4 11:18:51 EST 2007
On Nov. 4 Tim Johnson wrote
"I'm planning to leave my boat in a marina in Canada for the period October -
April of each year, for a period of 3-4 years. In each April, I would
cruise north to Alaska, then return to Canada in October. I spoke with a
fellow at 1-888-CANPASS about this and he was of the view that this conduct
would make the boat a Canadian boat and thus subject to Canadian tax of 14%.
Ouch! Can any members of this forum shed any light on this subject?
I just calld Canadian Customs in Victoria 250-363-0343 and was
informed that US citizins with a home in the states can keep their
boat in Canada for 12 months and if they remove it for even a portion of a day to check into a US port can keep it another year
in Canada. This process can be repeated indefinitely as long as
the owner visits his boat occasionally.
Bob McDermott
48' Diesel Duck
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