[Public-list] Canadian/US Alberg Market ~ Boats repatriated to Canada and US destined Albergs built "in bond"

[Gordon Laco]

Or use 'Boat for Sale' - http://www.boatforsale.org/about/


Gord #426 Surprise












> To those of you Americans who purchased your A-30's from a second or
> subsequent Canadian owner, as opposed to having bought new from the factory,
> where the boat was built "in bond." If you still have the documents that the
> boat came from a Canadian owner and if it shows the then Manufacturers Sales
> Tax (MST) was paid by the original Canadian owner you will have an edge up
> on the market when it comes time for you to sell.
> 
> This is because any Canadian built boat that had the MST paid for
> originally, if the boat is later repatriated to Canada, the next purchasing
> Canadian owner will not have to pay the Goods and Service Tax (GST) as the
> MST had been already paid. The GST was brought in to replace, in part, the
> MST - however you will have to have the MST receipt.
> 
> Boats built "in bond" did not have the MST charged against them as they were
> designated for direct export.
> 
> If you do have that MST receipt, effectively, the next owner importing the
> boat back to Canada will not have to pay the 7% GST - which is normally
> collected at the border. They will still have to pay PST -(Provincial Sales
> Tax) which in Ontario is 8% - but effectively you, as a US owner selling,
> will have a 7% pricing advantage over Albergs built "in bond."
> 
> For instance, "if you buy my boat it will be 7% cheaper for you to return
> home to Canada with than my good friend Wally's down the road - whose boat
> was always a US flagged boat."
> 
> But the new owner will need that document.
> 
> As the Canadian dollar has been steadily rising relative to the US dollar, I
> would expect to see more Canadians shopping South of the border for their
> new baby. Just an extra market to tap in to. If you are selling then I would
> suggest an advert in GAM on Yachting http://www.gamonyachting.com/cover.html
> as it seems to be the place to move boats in Canada.
> 
> On a per capita basis there are more boats registered in Canada as a
> percentage of population than in the US - and as a seller you only need one
> buyer. By the way, in Canada boats are not registered below 9.9hp or if
> engineless like canoes, dinghys etc.
> 
> Just an FYI.
> 
> Hope that this info is helpful to someone out there.
> 
> Cheers,
> 
> John - and no I don't work for GAM
> 
> 
> 
> 
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