Please excuse my ignorance on such matters. What, if any, are the
considerations for a US citizen buying a boat in Canada and bringing it back
? For example taxes, fee's, customs clearing, etc. Many times I see boats
(Canadian) listed in both US and Canadian dollars. What other dollars,
besides exchange rate, would have to be considered.

jim bailey

If the boat was originally built in the US or in Canada, you can import/export
it between the two countries without paying duty. (NAFTA)

Depending on the province, you might have to pay a government sales tax in
Canada- but you can apply for a refund when the boat is exported.

Once you get the boat to your home in the US, you will be subject to the same
taxes and fees that would be due if you purchased the boat in the United
States.
You will be charged a "use tax" in many states, equal to the amount of the
sales tax you would have paid if you had purchased the boat in the US.

In article ,
says...
Please excuse my ignorance on such matters. What, if any, are the
considerations for a US citizen buying a boat in Canada and bringing it back
? For example taxes, fee's, customs clearing, etc. Many times I see boats
(Canadian) listed in both US and Canadian dollars. What other dollars,
besides exchange rate, would have to be considered.

jim bailey

Chuck explained all the highlights.

I did this four years ago without a hitch. My vessel had been built in
the states and imported into Canada.

I don't remember specifically where in the sale agreement it took place,
but I had to declare my intention to take the boat out of the country in
order to avoid sales tax. If you take the boat out within a certain
period of time, you don't have to go through being taxed and then having
to get a refund.

The one thing I would recommend in addition is that there is a clear
title and no liens, just as you would a sale in the states. Given
you're across the border, it's even more important to make sure it's got
a clear title.

You will, of course, be responsible for any sales tax due in the state
you or the boat resides.

All in all, it was a pretty painless process.

Good luck.

jps

Hi Jim,
I have seen a number of boats brought down from Canada without any
problems except fees.

Capt. Frank

Jim Bailey wrote:

Please excuse my ignorance on such matters. What, if any, are the
considerations for a US citizen buying a boat in Canada and bringing it back
? For example taxes, fee's, customs clearing, etc. Many times I see boats
(Canadian) listed in both US and Canadian dollars. What other dollars,
besides exchange rate, would have to be considered.

jim bailey