Many fishermen and boating enthusiasts purchase private boats to traverse open waters and enjoy the great outdoors. However, before scheduling your next fishing trip or lake retreat, you must transfer the boat title into your name. Unfortunately, many Canadians don’t know how to transfer boat ownership in Ontario. That’s why Canada Powersports Financing is here to explain everything you need to know about the boat ownership transfer process.
Canada Powersports Financing is Ontario’s source for all their boat financing needs. If you need an experienced boat finance specialist in Ontario, contact the experts at Canada Powersports Financing.
Legal Requirements for Boat Ownership Transfer
Understanding how to transfer boat ownership in Ontario is vital to avoid legal repercussions and financial penalties. Fortunately, transferring ownership is relatively easy and doesn’t require you to leave your home.
You can transfer boat ownership in two ways:
- Online
- By mail
How To Transfer Boat Ownership Online
The easiest way to transfer a boat is to request a license through PCELS (Pleasure Craft Electronic Licensing System). Simply fill out the form and upload the following information:
- The bill of sale document or proof of ownership
- Signed government-issued identification
- A coloured photograph of the boat’s side
- A third-party authorisation letter (if a non-owner applies on your behalf)
After uploading all the required information, submit your application and wait for approval.
How To Transfer Boat Ownership by Mail
Applying for Ontario boat registration by mail is almost identical to the online process but requires a bit more documentation.
First, print and fill out Form 84-0172E, Application for Pleasure Craft License, and send it to Transport Canada with the following information:
- Proof of ownership
- Signed government-issued identification
- A coloured picture of the boat’s side
- A third-party authorisation letter (if necessary)
You can also submit this information in person by visiting your local Service Canada Centre.
It’s important to note that new boat owners have 90 days to update their license and transfer ownership to their name. If the new owner plans on using the boat before finalising the transfer, they must take their proof of purchase documents with them to stay within the boating regulations in Ontario. If you apply online, you will receive an acknowledgment number to put on the side of the boat until you receive your license and other Ontario marine documentation.
Contact Canada Powersports Financing for First-Class Boat Financing in Ontario
If you want to learn how to transfer boat ownership in Ontario or need professional financing services, contact Canada Powersports Financing. Our team will ensure a legal transfer of the boat title while explaining your financing options to make your payments more affordable. We work with over 20 lenders and will help you find the best rates regardless of your credit standing.
Whether you need refinancing services or tips on what to look for when buying a used boat, contact Canada Powersports Financing. Give Canada Powersports Financing a call at (343) 308-1593, or reach out to us online and schedule your appointment today!
