Register or manage a marine mortgage

Fees and service standards

Table 1: Fees and service standards for registering or managing a vessel mortgage
Service Fee Service standard
Register a marine mortgage Notify the client of the mortgage registration within 5 business days of receiving a complete application.
Transfer a marine mortgage to a different mortgagee Notify the client of the mortgage transfer within 5 business days of receiving a complete application.
Transfer a marine mortgage following the bankruptcy of a mortgagee or assignee Issue the certificate of registry within 30 business days of receiving a complete application.
Transfer a marine mortgage following the death of a mortgagee or assignee Issue the certificate of registry within 30 business days of receiving a complete application.
Change the priority of marine mortgages Notify the client of the change to order of priority of registered mortgages within 5 business days of receiving a complete application.

All fees may change based on inflation every year on April 1.

Based on Transport Canada's Policy on remissions, if we miss the service standard some of your fee may be reimbursed.

Learn more about the Service Fees Act.