some real great posts here. Just to add/reinforce:
If you are within a VTM Zone on the coast of BC (which is mostly Vancouver Island and approaches to Rupert) - ALL vessels over 20 m length (fishing vessels 24+m, yachts 30+m) and/or over 500 GRT (gillnetters are 11-15 Tons, seiners 20-45 tons, yachts 15-2500 tons, tugs often 200-500 tons, container and bulk carriers ships often 30,000 - 50,000 tons, oil tankers 30,000 - 300,000 tons, etc.) by law (the Vessel Traffic Services Zones Regulations, part of the CANADA SHIPPING ACT, 2001) have to comply with VTM procedures - including following traffic lanes and calling-in and monitoring the appropriate VTM channel (ch 11, 71, etc).
This is all listed in the Radio Aids to Marine Navigation (RAMN) book avail at the same place you buy your charts from. Maps of each the zones are also found in the RAMN book with the CIPs annotated on the maps. Any marine chart you buy also has the CIPs on it. It is a good idea to have a map or chart with the CIPs in your area handy or even posted-up in your wheelhouse. You can even print-off this webpage with low quality jpg maps and lat/longs of CIPs:
http://www.ccg-gcc.gc.ca/RAMN2012/Pacific/Part3
http://www.ccg-gcc.gc.ca/folios/00873/images/Pac-part_3-5-eng.jpg
http://www.ccg-gcc.gc.ca/folios/00873/images/Pac-part_3-6-eng.jpg
http://www.ccg-gcc.gc.ca/folios/00873/images/Pac-part_3-7-eng.jpg
http://www.ccg-gcc.gc.ca/folios/00873/images/Pac-part_3-8-eng.jpg
It only makes sense to monitor the appropriate VTM channel - no matter what the size of your own boat - so you hear what calling-in point (CIP) these vessels are at, and where they are headed and the ETA for the next CIP is. If you know where you are - you know where the large shipping is and when you can expect to see it - all by listening to your radio. It's the most basic of information - and doesn't require fancy hardware/software.
The AIS (Automatic Identification System) works for all vessels over 299GRT. In December 2004, the International Maritime Organization (IMO) required all vessels over 299GT to carry an AIS transponder on board, which transmits their position, speed and course, among some other static information, such as vessel’s name, dimensions and voyage details. Some very good posts on this already.
Radar reflectors are ALWAYS a good idea - esp. for smaller, fibreglass/wood boats. Larger vessels will see you in the radar- and even if they don't expect to swerve for you - they will be looking to see what that target is. Radar reflectors are cheap insurance.
There is still quite a bit of traffic under 500tons and under 20-30m. SO, just being outside of the VTM lanes does not mean you are immune to vessel interactions. There is also a large wake from the big boats - particularly the cruiseships, ferries, and container ships. You are not immune to getting swamped or rocked hard by the wake if you are near the traffic lanes, either.