Canadian
Boats
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We recently had
a Canadian boat listed for sale in Canadian dollars. The
Boats For Sale page only lists prices in US dollars. The
listing owner provided some interesting information about
exchange rates between the US and Canada and gave some
information about US citizens buying a boat in Canada, then
bringing it into the US. Here are his thoughts. "Unfortunately
for me the C$ has appreciated vs. the US$ by 25% since I bought
the boat. This adds 25% to the normal depreciation that I have
already suffered: it and all similar boats are built in the US
or priced in US $$$$. That means that new boats like mine
are now 25%
less than they were when I bought mine. That of course
affects resale prices. By the time I sell the boat I
suspect that the Can.$ will cost US$0.85. Currently it is
US$0.83. If I sell
in US$$$$ each 1 cent rise in the Canadian dollar “costs” me
C$3,500! OUCH!
"Although I have no personal experience I do not believe
that there are too many problems
buying a Canadian registered boat & taking it back to the
States. When the C$ was worth
US$0.62 Canadian boats were selling like “Hot Cakes”.
"I know that if a Canadian buys my boat with out using a
broker or a dealer they “only” have to pay 8% provincial
sales tax (PST) in Ontario. Other Provinces have higher
“PST” rates. Alberta has no PST. They have lots
of oil though! If a Canadian buys a boat through a broker
or from outside the country they would have to pay PST & a
7% (Federal) goods & services tax (GST).
"This at least gives me an advantage in price against the
US boats like mine that are for sale. The average price for a
396 like mine on Yacht World is US$270,000. Most all of
them are “salties”. That gives me 10% advantage.
The GST another 7%."
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Best
Places to Retire
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Every now and then, Patsy and I
think about selling everything, moving to a slightly bigger
boat, and running away. The question we haven't answered is
where to run to? We've been researching the best places
for the past month and ended up with more questions than
answers. For example, do you have to be a resident of a
state? This is a big deal when you consider taxes.
Do you actually have to live somewhere to be a resident?
Alaska has the best tax rates, but the winter weather is not
great for boating.
I would appreciate your thoughts
on where you would like to retire to boat and what influences
your decision.
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Contact
Information for Parts
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Last
month, I mentioned that McDaniel Yacht Basin is a source
for spare parts. I omitted their phone number. It is
410-287-8121.
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Requests
for Passwords
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It is never a problem to look up
your password. I keep hoping that I will eventually have
an automated means to provide the password to you.
Occasionally, I receive a request
for a password from someone I cannot identify by email, name,
telephone number, or address. I send the request for
passwords to the email address we have on file if it is
different from the requesting email address.
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Famous
Member??
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One of our members recently
auditioned for and was accepted as a contestant on "Who
Wants To Be a Millionaire", the syndicated game show.
The member reminded me that being accepted as a contestant and
actually appearing on the show are two distinctly different
things. If he makes it onto the show, he promises to let
me know when the show will be broadcast.
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Upcoming Events
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| The
Club is beginning to plan events for next year.
Last month I mentioned something about finding additional crew
members and received NO responses. Not even the original
member asking about other crew members responded. I have
to assume that this is not a good idea.
Saturday
Night Out.(SNO)
We had good success with the Saturday Night Out during
the summer. We’d
like to expand this to more areas.
Saturday Night Out is where members and owners who may be
interested in becoming members meet at a restaurant on Saturday
night and have dinner. One
member coordinates the restaurant.
People attending pay for their own dinner and drinks.
In the summer or in nice weather, we usually cruise in.
The Club’s goal is to have a member “host” one
month a year in an area.
The
Club received the following suggestions for SNO's:
- Doug's
Restaurant, west Catalina Island, California
- Dave
and Busters, Philadelphia
- MacGregor's,
Havre de Grace, Maryland
- Mike's
Restaurant, South River Maryland
We
are still looking for dates and places in the New York City and
Chicago areas. Let me know what you think.
Rendezvous.
We received several suggestions for possible marinas in the
Tidewater Virginia area that we are looking into. Again, any ideas are greatly appreciated.
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The New Web Site
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| The new
web site continues to evolve with some problems still cropping
up. I think that most of the problems are solved now,
which only means that I haven't found too many mistakes lately.
If you encounter any problems with the web
site, please drop me a note or call. It is very hard for
me to test the web site, because I know how it's supposed to
work and it almost always works for me. Thank you. |
Gift Ideas
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| With
the holidays coming up, you may be interested in some nautical
themed jewelry. Check
out Jewelry By Design at http://www.virtik.com
for some unique ideas in most price ranges.
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| Safe Boating, Dave Bishop, aka webdude@carverownersclub.com |
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