Sale or purchase of a boat

Pre-sale indications

• During the course of a transaction, is a boat inspection mandatory?
• Is it appropriate to have a boat inspected before any transfer of ownership?
• What should be taken into account when making an international purchase?
• What must a legal person (a corporation) provide in a transaction?
• What transactions are available for a family trust?
• What does a survey report contain?
• How to know if a boat complies with the construction standards?

Legal warranty

• What are the obligations of the seller towards the buyer?
• What is the legal warranty?
• What is the warranty of ownership?
• What is the warranty of quality?
• What is a latent defect?
• What does the statement that the sale is made at the risk and peril of the buyer mean?
• Can the legal warranty be limited or excluded?
• What can the buyer do when he discovers a defect that affects his ownership or the quality of the movable property?

Fiscalism

• Is the sale of a boat taxable in Canada?
• What are the conditions so that a boat be qualified as a vessel exempt from tax?
• Can a vessel exempt from tax be registered?
• Is a boat purchased outside the country taxable in Canada?
• Is the sale of a boat purchased in another Canadian province taxable?
• What are the conditions for a boat to be qualified as an in bond (tax-free) boat?
• Can an in bond boat return to Canada?