fish_fishburn Posted June 8, 2013 Report Share Posted June 8, 2013 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 Link to comment Share on other sites More sharing options...
HTHM Posted June 8, 2013 Report Share Posted June 8, 2013 Include any identifying numbers, hull id number, serial number of the motor, etc. Link to comment Share on other sites More sharing options...
gaspumper Posted June 8, 2013 Report Share Posted June 8, 2013 A bill of sale for the boat,one for the motor ,and one for the trailer,each one includes there own serial number. Link to comment Share on other sites More sharing options...
kickingfrog Posted June 8, 2013 Report Share Posted June 8, 2013 (edited) I would also have a separate bill for any other stuff. Trolling motor, batteries, fish finder etc. Edited June 8, 2013 by kickingfrog Link to comment Share on other sites More sharing options...
BillM Posted June 8, 2013 Report Share Posted June 8, 2013 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. Link to comment Share on other sites More sharing options...
glen Posted June 8, 2013 Report Share Posted June 8, 2013 Merry her quick before she leaves with the boat. Wait what was the question? Link to comment Share on other sites More sharing options...
kickingfrog Posted June 8, 2013 Report Share Posted June 8, 2013 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. Link to comment Share on other sites More sharing options...
Tybo Posted June 8, 2013 Report Share Posted June 8, 2013 Since you are buying used.The bill of sale should be lower price than the cost. Link to comment Share on other sites More sharing options...
bow slayer Posted June 8, 2013 Report Share Posted June 8, 2013 (edited) 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 Link to comment Share on other sites More sharing options...
kickingfrog Posted June 8, 2013 Report Share Posted June 8, 2013 Taxes are paid on the trailer when you get (or transfer) the plates as well. Link to comment Share on other sites More sharing options...
ah_long Posted June 9, 2013 Report Share Posted June 9, 2013 (edited) 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 Link to comment Share on other sites More sharing options...
BillM Posted June 9, 2013 Report Share Posted June 9, 2013 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 Link to comment Share on other sites More sharing options...
Cudz Posted June 10, 2013 Report Share Posted June 10, 2013 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. Link to comment Share on other sites More sharing options...
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