Used boat taxes?

Anything and everything related to boating, motors, and electronic equipment. Find out the answers to your questions here.
Post Reply
User avatar
jshow89
Participant
Participant
Posts: 74
Joined: Sat Mar 07, 2015 5:20 pm

Used boat taxes?

Post by jshow89 »

I just bought my first boat off of a fellow Fish-Hawker, I just completed the online pleasure craft license transfer, i am just wondering will they notify me if i need to pay the HST on this purchase? or is this something i need to do or not? i have no idea, i dont want to sit idle on something and get bit in the butt months from now
User avatar
Trout_83
Participant
Participant
Posts: 55
Joined: Mon Apr 20, 2015 9:05 pm

Re: Used boat taxes?

Post by Trout_83 »

If things haven't changed since I bought mine... you won't pay taxes on the used boat. You will however need to pay tax for the trailer. This will happen when you go to the MTO to get a trailer plate/registration and all that. I got a separate receipt for the boat and trailer so that I could bring my trailer receipt to the MTO for this. Get a receipt for what would be fair value for the trailer (I think mine was for somewhere around 800-1000).
2007 Crestliner Fish Hawk 1600, 75 Merc, Terrova iPilot
User avatar
Cyber
Silver Participant
Silver Participant
Posts: 586
Joined: Mon Apr 11, 2005 7:40 pm
Location: Kanata,Ontario

Re: Used boat taxes?

Post by Cyber »

You will "eventually" get a notice requesting you to tell them what you paid for the boat and they will expect their tax submission.
I've gotten them twice for two different boats. One seemed to be around a year after the transaction, the other maybe 3 months.
If you don't stand for something,
you'll fall for anything!!
User avatar
curls
Bronze Participant
Bronze Participant
Posts: 428
Joined: Fri Jul 20, 2007 9:35 am
Location: Nepean

Re: Used boat taxes?

Post by curls »

Cyber wrote:You will "eventually" get a notice requesting you to tell them what you paid for the boat and they will expect their tax submission.
I've gotten them twice for two different boats. One seemed to be around a year after the transaction, the other maybe 3 months.
I'll just leave this little note here... ;)

There is NO 'book' on used boat prices.

Do with that information what you want. :icon-wink:
User avatar
Trout_83
Participant
Participant
Posts: 55
Joined: Mon Apr 20, 2015 9:05 pm

Re: Used boat taxes?

Post by Trout_83 »

It's been 2.5 years since I bought mine...I may have gotten a free pass!
2007 Crestliner Fish Hawk 1600, 75 Merc, Terrova iPilot
User avatar
banjo
Silver Participant
Silver Participant
Posts: 718
Joined: Fri Jan 24, 2003 9:18 am
Location: Ottawa

Re: Used boat taxes?

Post by banjo »

There are taxes on the transfer of a used boat. From the Transport Cda website.
Do I have to pay taxes when buying a new or used pleasure craft?

For the application of the Goods and Services Tax (GST) or Harmonized Sales Tax (HST) to the supply of a new or used boat, please contact the Canada Revenue Agency (CRA) by calling 1-800-959-8287.

Additionally, Provincial Sales Tax (PST) may need to be paid to the provincial/territorial government. You should contact your provincial/territorial Ministry of Finance to get more information on how to remit the PST.

For links to provincial/territorial departments of finance, business service centres, and other tax and financial services please visit the related provincial and territorial Canada Revenue Agency web sites.
I have been able to pay the tax on the boat portion along with the trailer portion at Service Ontario. Then when I get a letter in the mail I send a copy of that receipt. One boat I got, it was 3 or 4 years after the purchase that CRA sent a request that proved I paid the taxes.
User avatar
OntarioRider
Bronze Participant
Bronze Participant
Posts: 145
Joined: Fri Apr 01, 2005 7:03 am
Location: Osgoode, Ontario

Re: Used boat taxes?

Post by OntarioRider »

banjo wrote:There are taxes on the transfer of a used boat. From the Transport Cda website.
Do I have to pay taxes when buying a new or used pleasure craft?

For the application of the Goods and Services Tax (GST) or Harmonized Sales Tax (HST) to the supply of a new or used boat, please contact the Canada Revenue Agency (CRA) by calling 1-800-959-8287.

Additionally, Provincial Sales Tax (PST) may need to be paid to the provincial/territorial government. You should contact your provincial/territorial Ministry of Finance to get more information on how to remit the PST.

For links to provincial/territorial departments of finance, business service centres, and other tax and financial services please visit the related provincial and territorial Canada Revenue Agency web sites.
I have been able to pay the tax on the boat portion along with the trailer portion at Service Ontario. Then when I get a letter in the mail I send a copy of that receipt. One boat I got, it was 3 or 4 years after the purchase that CRA sent a request that proved I paid the taxes.
Same thing happened to me. I had to contact my ex to get her to pay her half as it was a joint purchase while we were together. :lol:
User avatar
lape0019
Gold Participant
Gold Participant
Posts: 1817
Joined: Fri May 10, 2013 8:54 am

Re: Used boat taxes?

Post by lape0019 »

Like stated above, you will need to pay taxes sooner or later. I received my notice 2 years after I bought the boat but I paid it at the MTO along with my trailer taxes and sent the green slip ( a photocopy of it anyway) to the requesting office to show the amount fully paid.

So you can sit idle if you want. Just know you will get a request to pay the taxes on the boat between 3 months to 3 years from now most likely.
User avatar
scarkner
Silver Participant
Silver Participant
Posts: 816
Joined: Fri May 10, 2013 6:09 pm
Location: Ottawa
Contact:

Re: Used boat taxes?

Post by scarkner »

lape0019 wrote:Like stated above, you will need to pay taxes sooner or later. I received my notice 2 years after I bought the boat but I paid it at the MTO along with my trailer taxes and sent the green slip ( a photocopy of it anyway) to the requesting office to show the amount fully paid.

So you can sit idle if you want. Just know you will get a request to pay the taxes on the boat between 3 months to 3 years from now most likely.
Yup - my first boat, it took 2-3 years before they sent me a notice to pay taxes. The frustrating part is that I was pretty sure I paid them when I registered the boat license, but since I couldn't find the receipt, I had to pay again. They actually included the amount they thought the boat was worth in the paperwork and basically said that I had to prove if their assessment was wrong (and it was wayyyy high). Luckily I did have the original purchase paperwork so could at least prove that point.
User avatar
zman
Participant
Participant
Posts: 10
Joined: Mon Feb 13, 2006 3:00 pm

Re: Used boat taxes?

Post by zman »

Does anyone know the link to this site , I just boat a used aluminum 14Ft boat
Do you still have to do this for this little boat ?
User avatar
scarkner
Silver Participant
Silver Participant
Posts: 816
Joined: Fri May 10, 2013 6:09 pm
Location: Ottawa
Contact:

Re: Used boat taxes?

Post by scarkner »

zman wrote:Does anyone know the link to this site , I just boat a used aluminum 14Ft boat
Do you still have to do this for this little boat ?
If the boat is licensed and has an ownership then yes. If it is just a run-about with a 9.9hp then probably not (I mean... legally you are meant to pay tax on friggin' everything in ontario, so I dunno about the exact letter of the law)
Post Reply