Transfer Ownership Of A Pleasure Craft In Ontario
If you are a boat owner in Ontario, it's essential to know how to transfer ownership of your pleasure craft. A pleasure craft is any vessel used for recreational purposes or sports activities and includes motorized and non-motorized boats. A boat transfer of ownership is a legal process that allows the new owner to register the boat in their name and obtain the necessary licenses and permits to operate the vessel.
Why Transfer Ownership Of A Pleasure Craft?
There are several reasons why you may need to transfer ownership of your pleasure craft:
- You have sold the boat to another person
- You are gifting the boat to a family member or friend
- You are inheriting the vessel from a deceased relative
- You are changing the ownership structure of a corporation that owns the boat
Steps To Transfer Ownership Of A Pleasure Craft
Here are the steps you need to follow to transfer ownership of a pleasure craft in Ontario:
Step 1: Obtain The Necessary Documents
The first step is to obtain all the necessary documents required for the transfer of ownership. These documents include:
- The original bill of sale or a sworn affidavit from the seller
- The original pleasure craft license or registration
- A completed Application for Transfer of Ownership
- A completed Declaration of Ownership
- A completed Notice of Sale or Transfer of a Motor Vehicle
- A completed Used Vehicle Information Package (if the boat has a motor)
Step 2: Pay The Required Fees
Once you have all the necessary documents, you need to pay the required fees for the transfer of ownership. The fees include:
- A transfer fee of $35
- A lien search fee (if applicable) of $20
- A registration fee (if applicable) based on the length of the boat
Step 3: Submit The Documents
Once you have paid the required fees, you need to submit all the completed documents to ServiceOntario. You can submit the documents in person, by mail, or online. If you submit the documents in person, you will receive the new ownership certificate and stickers immediately. If you submit the documents by mail or online, it may take up to eight weeks to receive the new ownership certificate and stickers.
Conclusion
Transferring ownership of a pleasure craft in Ontario is a legal process that requires you to obtain the necessary documents, pay the required fees, and submit the completed documents to ServiceOntario. By following these steps, you can ensure that the transfer of ownership is completed smoothly and efficiently.
