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Tax implications of purchasing boat in Canada?

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Old 08-04-2005, 11:47 AM
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Default Tax implications of purchasing boat in Canada?

Looking at a boat thats located in Canada. I'm wondering what the tax implications of doing so would be? Would I have to pay sales tax here in the U.S.? What about if I document with the Coast Guard? I plan to go to the bahamas in it so I probably would want to document anyway.

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Old 08-04-2005, 06:02 PM
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Default Re: Tax implications of purchasing boat in Canada?

Just bought my boat in Canada. However, this boat was originally a US boat, so all duties were paid once. So I did not have to pay duties.
As for sales tax, that's up to the state you intend to register it in. Some want sales tax and some have a personal property tax. Doesn't matter if it is documented or not.
You should use a broker to bring the boat in. I used Norman-Jensen. Laurie Boucher @ 810-982-8183.
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