Just in the process of buying a used boat, In 1990 I bought a 14 foot princecraft and duly licensed it with TC, in 1997 I bought a 21 foot campion and licensed as well so now to make this clear I have 2 boats . I have just bought another boat 24 feet and the campion is toast. In going through the process off licensing the 24 foot boat I discover that TC {transport canada} specifically says that licensing a boat is not at all proof of ownership.I also discover that the licence is good for ten years. So now I have 2 boats beside the one I am buying that are licensed one 24 years ago and the other 17 years ago. I have never received a letter from TC staying that my licenses were due for renewal. When I licensed both of these boats it was with the understanding that in doing so I am claiming I am the rightful owner of both boats until I sell them with a bona fida a bill of sale signed by me and with the new owners. I know this sounds confusing but what is TC purpose of saying we have to Licence a vessel but then say it is not proof of ownership. Now to add to the confusion go and read the section of regristrating a boat. Guys this is going to drive you nuts, first of all how many of us have boats that we have owned for 15 20 years and never give this a thought.