When buying a boat, it is essential that you have it registered as soon as possible, and absolutely before you start using it for commercial purposes. If you have bought a new boat, then you and the seller will have to complete a transfer of ownership form and submit it to the Transport Canada registry before you can consider yourself the owner of the vessel. There are good reasons to record your ownership of the boat, and all of the forms that you complete are there to help you satisfy the legal requirements surrounding ownership of a commercial vessel.
Read more at https://canadianvesselregistry.ca/registering-your-vessel-with-transport-canada/
