A car bill of sale will have a section dedicated to the selling or purchase price of a vehicle, with that price determining how much the buyer has to pay in sales taxes. When selling or buying a vehicle in Ontario, you must be aware of sales taxes. A bill of sale is one of the documents you must submit to a ServiceOntario centre to register your vehicle. If you buy a used vehicle in Ontario, you’ll need to register it within six days of the purchase being made. Without this document, a buyer can’t legally claim the right to a car’s ownership. To transfer ownership of a car, you need to have a completed bill of sale with the signatures of both the buyer and the seller. Here are a few reasons why you need a bill of sale: Transfer of OwnershipĪ bill of sale acts as legal proof of a car’s ownership. ![]() Without a bill of sale, you’ll run into a lot of trouble when registering your car or applying for the legally mandated auto insurance you need to be able to drive. You need a car bill of sale in Ontario to prove that you legally own a car. Why Do You Need a Bill of Sale in Ontario?
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |