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Canadian Tax on Boats

BM
Bob McDermott
Mon, Nov 5, 2007 1:20 PM

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 called Canadian Customs in Victoria 250-363-0343 and was
informed that a US citizen that resides in the US can keep a boat
in Canada for 12 months and if the boat is returned to a US
port and checked in for even a portion of a day, the boat can be
returned for another 12 months repeatedly as long as the owner
"visits" the boat occassionly.

Bob McDermott
48' Diesel Duck

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 called Canadian Customs in Victoria 250-363-0343 and was informed that a US citizen that resides in the US can keep a boat in Canada for 12 months and if the boat is returned to a US port and checked in for even a portion of a day, the boat can be returned for another 12 months repeatedly as long as the owner "visits" the boat occassionly. Bob McDermott 48' Diesel Duck
JM
John Marshall
Mon, Nov 5, 2007 1:31 PM

That's good news... their written law (referenced in earlier email) is
more restrictive than that, but if the Customs people are interpreting
it that way on Vancouver Island... so much the better.

John Marshall

On Nov 5, 2007, at 5:20 AM, Bob McDermott wrote:

On Nov.4 Tim Johnson wrote;

I just called Canadian Customs in Victoria 250-363-0343 and was
informed that a US citizen that resides in the US can keep a boat
in Canada for 12 months and if the boat is returned to a US
port and checked in for even a portion of a day, the boat can be
returned for another 12 months repeatedly as long as the owner
"visits" the boat occassionly.

Bob McDermott
48' Diesel Duck

That's good news... their written law (referenced in earlier email) is more restrictive than that, but if the Customs people are interpreting it that way on Vancouver Island... so much the better. John Marshall On Nov 5, 2007, at 5:20 AM, Bob McDermott wrote: > On Nov.4 Tim Johnson wrote; > > I just called Canadian Customs in Victoria 250-363-0343 and was > informed that a US citizen that resides in the US can keep a boat > in Canada for 12 months and if the boat is returned to a US > port and checked in for even a portion of a day, the boat can be > returned for another 12 months repeatedly as long as the owner > "visits" the boat occassionly. > > Bob McDermott > 48' Diesel Duck