If you are transferring your aircraft to someone else, be it through a sale, and exchange, or a gift, it’s important to remember all the paperwork that comes with this. An aircraft exchange of ownership will need to be made official with Transport Canada, after all, so let’s discuss what this process will entail. Don’t worry, it’s not as complicated as it might seem, but it will require you to submit a few forms depending on the particulars of the exchange itself.
Aircraft Exchange of Ownership
Whether you are transferring the registration of your aircraft to a fellow Canadian citizen or you are exporting and selling the aircraft to a foreign entity, you will need to go through Transport Canada to make sure the title is updated as necessary.
Transfer of Ownership Within Canada
There’s nothing complicated about an aircraft exchange of ownership between Canadian citizens. After all, there’s no reason for the registration itself to be that different beyond the subject who holds it. It’s essentially just changing hands, which is very simple given that the registration is tied to the aircraft itself and not exactly to the owner. So, if you are selling your aircraft to a fellow Canadian citizen, resident, or entity, all you will need to do is apply for a Transport Canada transfer of ownership so that the registration is passed along onto the new owner along with all the relevant documents attached to it. This way, the new owner will be able to support their ownership legally going forward.
Transfer of Ownership to a Foreign National
On the other hand, if you are selling the aircraft to a foreign person or entity, this means that there is no reason for the aeroplane to be registered with Transport Canada anymore. Because of this, you won’t have to transfer the ownership as much as delete it from the national registry. you will have to request the de-registration of the aircraft, an application that you can also find here on our website. It will be very important that you go through this process before fulfilling the sale to the new owner because the aircraft will need to be removed from the Canadian registry before it is registered again in a different country. An aircraft can’t be registered in two countries in most cases, so this will be a very important process to go through.
Submit Every Aircraft Registration Form
Here at the National Aviation Registration, we understand that getting any kind of aircraft documentation can soon get more complicated than it should be. That is why we make sure to provide those who need it with the right help whenever the process gets too overwhelming. If you need to submit an application for an aircraft exchange of ownership or for the de-registration of the aircraft, we have all the forms you might have to send as well as the platform through which you can submit them. If you need to talk to someone about any process, just give us a call at 1-800-998-3527 or email us at firstname.lastname@example.org.