Importing Pleasure Boats
Thinking about importing a pleasure boat? Let our import specialists with decades of experience handle the clearance process for you. Located on Vancouver Island, we have become experts in the field of vessel importation.
Whether it be a 120’ luxury yacht, a 12’ inflatable or anything in between, we can provide the guidance to ensure smooth and efficient import. We can represent you at virtually any port of entry across Canada.
Our knowledge and support involve working with you, the importer, the boat broker, the marine title agent, and CBSA. We can provide information and guidance with respect to duty rates based on country of origin, the application of the import luxury tax, and licensing and registration, among others.
Please contact King Bros., and we will be happy to assist you.
A Note about Duty and Tax:
If not covered by a trade agreement and direct shipped from the respective country, many boats will attract duty of 9.5%. It is important to contact us first to determine the rate of duty applicable to the boat you may be seeking to import.
Federal GST and Provincial PST are payable in most instances.
A Note about the Federal Luxury Tax:
In September of 2022 the Liberal Government made true its promise of levying a luxury tax against private vessels, aircraft, and automobiles of certain value. Personal boats built in 2018 and later and valued at $250,000 or greater are subject to this tax. Please contact us to learn how this will be calculated against your purchase.
Resource Links:
Transport Canada – Vessel Registration
https://tc.canada.ca/en/marine-transportation/vessel-licensing-registration
Federal Luxury Tax
https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/ltn3/subject-vessels-select-luxury-items-tax-act.html
BC PST Bulletin 108
https://www2.gov.bc.ca/gov/content/taxes/sales-taxes/pst/publications
Please note that any person importing an engine, vessel, or off road vehicle into Canada must submit, prior to importation, the required Import Declaration Form.
For your convenience, we have provided a downloadable .PDF version below.
https://pollution-waste.canada.ca/environmental-protection-registry/regulations/view?Id=85
