Pages

Wednesday, October 26, 2011

Local or Import

For those wondering I had a really busy week last week, with a test on Wednesday, exhibition on Saturday and Flyering for a club on Sunday. I also picked up the materials for a workbench which I almost finished building on the weekend.

As many of you know I am looking and searching pretty well everywhere for a sailboat. Due to the current economic crisis in the United States the boat market is flooded and the prices are substantially lower than the similar boats in Canada. But there is a lot (well maybe not that much, but more than just buying a boat locally) paperwork that you must have on hand or have to fill out when you arrive. Mostly to do with going through Customs/Canadian Border Services Agency and Transport Canada. Plus the fact you'll have to pay a duty and taxes for bringing it here.

Compared to buying a local boat at a marginally higher, in the end the costs come very close or no difference which means zero savings. But also there are less things to go wrong since you don't have to worry about all that paperwork and re-licencing.

The final thing is... do I aim to get a sailboat now, with the 12% HST still in effect or do I wait till Jan 1st 2012 to get it with only 5% GST. Its a tough call, since boats come and go on the market and it is hard to find the right one at the right place. And about the project boat, well I am going to look for something at a slightly higher price with less work needed to fix it up.


No comments:

Post a Comment