Willcocon
Member
Could someone respond/answer the following scenario.
I've a dual citizenship; Canada and USA and looking to split my time living in a condo southern US and on a boat Canadian side of the Great Lakes. Here is the questions/scenarios
I will purchase a used motor yacht in the US then sail it to Ontario Canada.
Where are sales taxes due? Can I chose the lesser of;
The state the vessel was purchased?
The state I reside in?
OR
The province the boat will be used/stored in?
2nd question
With using and storing the boat in Ontario, would it best (less expensive) be done as an American or Canadian?
If I register the boat from either the sate purchase or state of residence; must I register in Ontario as well?
I've been doing searches on the internet and can not get any consistent answers; believe this is done intentionally so as to create the confusion and be at the mercy of "The Taxman"!
Thanks in advance for any insight or suggestions
Wishing all favorable winds
Willcocon
I've a dual citizenship; Canada and USA and looking to split my time living in a condo southern US and on a boat Canadian side of the Great Lakes. Here is the questions/scenarios
I will purchase a used motor yacht in the US then sail it to Ontario Canada.
Where are sales taxes due? Can I chose the lesser of;
The state the vessel was purchased?
The state I reside in?
OR
The province the boat will be used/stored in?
2nd question
With using and storing the boat in Ontario, would it best (less expensive) be done as an American or Canadian?
If I register the boat from either the sate purchase or state of residence; must I register in Ontario as well?
I've been doing searches on the internet and can not get any consistent answers; believe this is done intentionally so as to create the confusion and be at the mercy of "The Taxman"!
Thanks in advance for any insight or suggestions
Wishing all favorable winds
Willcocon