Canadian buying an American Boat
What are the Canadian tax implications for a Canadian purchasing:
(a) a Canadian registered vessel
(b) a non-Canadian registered vessel
Assume that the vessel will reside in Canadian waters and the vessel
owner is a Canadian resident (for tax purposes).
I'd appreciate the benefit of the experience of others who have had to
face the RevCan (CCRA) challenges. Is there a web address that might
summarize the various scenarios?
Thanks in advance,
WRC
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