BILL OF SALE

[fish_fishburn]

My g/f is about to pull the trigger on her own boat, (used from owner). I was wondering what is the best way to have the Bill of Sale written up. And any other advice on purchasing F.S.B.O. Its been awhile since I have purchased a used boat. Thanks

[HTHM]

Include any identifying numbers, hull id number, serial number of the motor, etc.

[gaspumper]

A bill of sale for the boat,one for the motor ,and one for the trailer,each one includes there own serial number.

[kickingfrog]

I would also have a separate bill for any other stuff. Trolling motor, batteries, fish finder etc.

Edited June 8, 2013 by kickingfrog

[BillM]

I would also have a separate bill for any other stuff. Trolling motor, batteries, fish finder etc.

 

What's the point of this? Trailer, motor, boat are all that you need.

[glen]

Merry her quick before she leaves with the boat. Wait what was the question?

[kickingfrog]

I would also have a separate bill for any other stuff. Trolling motor, batteries, fish finder etc.

 

 

What's the point of this? Trailer, motor, boat are all that you need.

 

Legitimate way of lowering the taxes paid on buying used.

[Tybo]

Since you are buying used.The bill of sale should be lower price than the cost.

[bow slayer]

the only thing you will have to pay taxes on is the boat,so get a seperate receipt for the motor...for example for someone I know the break down was like this ,3500 for boat and trailer and then 6000 for the 2 motors. they had to only pay taxes on the boat portion......plus the bills were lower than the cost. as mentioned above

Edited June 8, 2013 by bowslayer

[kickingfrog]

Taxes are paid on the trailer when you get (or transfer) the plates as well.

[ah_long]

this would make your life a lot easier

 

straight from transport canada's website

 

http://www.tc.gc.ca/media/documents/marinesafety/billofsale-actedevente-eng.pdf

 

Right beside engine details, I would hand write and add the following

 

Trailer details:

Brand:

Year:

VIN:

Color:

 

And in the price, write this down: $xxxxx (boat price) $xxxx (trailer price)

 

Warranty period just put as is

 

rmb to print two, one for you and one for the other party

Edited June 9, 2013 by ah_long

[BillM]

 

Legitimate way of lowering the taxes paid on buying used.

 

 

That's why the Boat + motor take up most of the price, the trailer is the cheapest

[Cudz]

That's why the Boat + motor take up most of the price, the trailer is the cheapest

You still have to pay taxes on the boat. It took them almost 3 years to send me a tax bill for my boat. The trailer tax is immediate. I think Rob is itemizing so that when the time comes to pay tax on the boat he will save.