Registration Question

[hpeer]

How does Canadian registry work when there are two or more owners and
only one is Canadian?

Lets say my friend and I want to go in on a boat, share its cost. We
want to register it in Canada. Not a provincial registry but as a
registered vessel - name on the side and all that.

I know that for a single owner that owner must be Canadian. But what
happens if there are shares? Is it sufficient for there to be one
Canadian in the mix? If so is there a minimum share that the Canadian
must have?

Many thanks

Howard

[MyTravels]

This does not answer your question but might give you reason to register
your boat in the USA. Last summer while cruising in the USA I had to phone
Homeland Security every time I moved my boat. While at a marina I came
across another Canadian, whose wife was a British subject, and I asked what
he thought of having to phone into the authorities each day to which he
replied, he did not have to call in because his boat was registered in
Georgia. Assuming the person you wish to be co-owner with is from the States
it may be of benefit to register the boat there and avoid the hassle when
cruising the States.



It seems strange that Homeland Security in the U.S. is more concerned with
where the boat is from and not where the people on the boat are from . which
poses more of a threat, the boat or the people on the boat?

How does Canadian registry work when there are two or more owners and only
one is Canadian?
Lets say my friend and I want to go in on a boat, share its cost. We want
to register it in Canada. Not a provincial registry but as a registered
vessel - name on the side and all that.
I know that for a single owner that owner must be Canadian. But what
happens if there are shares? Is it sufficient for there to be one
Canadian in the mix? If so is there a minimum share that the Canadian
must have?
Many thanks
Howard

[hpeer]

Thanks for response. Yeah, US rules are pretty silly. I'm not much for
all this Homeland Security stuff. Hysterical reaction that accomplishes
nothing.

I suspect that we would be pretty stationary for long periods so it
would not be much of a problem. And in any case it looks like the idea
is blowing up for other reasons. I would still like to know though. I
guess if I was real serious I could look it up. Hopefully I could
interpret the rules correctly. That is why I like to ask. "Local
knowledge."

Post by MyTravels
This does not answer your question but might give you reason to register
your boat in the USA. Last summer while cruising in the USA I had to phone
Homeland Security every time I moved my boat. While at a marina I came
across another Canadian, whose wife was a British subject, and I asked what
he thought of having to phone into the authorities each day to which he
replied, he did not have to call in because his boat was registered in
Georgia. Assuming the person you wish to be co-owner with is from the States
it may be of benefit to register the boat there and avoid the hassle when
cruising the States.
It seems strange that Homeland Security in the U.S. is more concerned with
where the boat is from and not where the people on the boat are from . which
poses more of a threat, the boat or the people on the boat?

How does Canadian registry work when there are two or more owners and only
one is Canadian?
Lets say my friend and I want to go in on a boat, share its cost. We want
to register it in Canada. Not a provincial registry but as a registered
vessel - name on the side and all that.
I know that for a single owner that owner must be Canadian. But what
happens if there are shares? Is it sufficient for there to be one
Canadian in the mix? If so is there a minimum share that the Canadian
must have?
Many thanks
Howard

[m***@radioactif.com]

Post by hpeer
How does Canadian registry work when there are two or more owners and
only one is Canadian?
I know that for a single owner that owner must be Canadian.  But what
happens if there are shares?  Is it sufficient for there to be one
Canadian in the mix?  If so is there a minimum share that the Canadian
must have?
Many thanks
Howard

The short answer is no.

Article 47(a) of the Canadian Shipping Act states that all owners of a
registered pleasure boat must be "qualified persons". Article 2 states
that qualified persons are either a Canadian Citizen or a Permanent
Resident as defined in the Immigration law.

Jean, Montreal Qc

[Tuuk]

Just register it in one name, the Canadian if the other party is anything
other than U.S. or Canadian or Mexio (treaty between the three exhists). But
develop your charter to be specific and controling enough that it is fair
and specific. Have the controlling shares and ownership shares and profit
shares or class of shares to be specific to what you actually want. If both
parties agree, and sign before witness, then you have done your due
dilligence and if it goes before a judge every, 99 times out of a hundred it
will go towards a legally tendered partnership agreement. No need for blood
sucking lawyers to cling on to you for a lifetime like the parasites they
are, do it yourself, you will have the same conclusion.

Post by hpeer
How does Canadian registry work when there are two or more owners and
only one is Canadian?
I know that for a single owner that owner must be Canadian. But what
happens if there are shares? Is it sufficient for there to be one
Canadian in the mix? If so is there a minimum share that the Canadian
must have?
Many thanks
Howard

The short answer is no.

Article 47(a) of the Canadian Shipping Act states that all owners of a
registered pleasure boat must be "qualified persons". Article 2 states
that qualified persons are either a Canadian Citizen or a Permanent
Resident as defined in the Immigration law.

Jean, Montreal Qc