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Owning a vehicle in Ontario involves more than just driving it off the lot. Whether you’re a first-time car buyer, moving to the province, or transferring ownership, there are several important steps to follow. From registration and licensing to insurance and taxes, understanding the legal requirements is crucial for anyone who owns or plans to own a vehicle in Ontario.
In Ontario, every vehicle must be registered with the provincial government. When you purchase a new or used vehicle, you’ll need to complete the registration process within six days. Here’s what you’ll need:
You’ll also need to pay the vehicle registration fee, which varies depending on the vehicle type and location.
If you’re buying a used vehicle privately, transferring ownership requires a few extra steps. The seller must provide a completed Used Vehicle Information Package (UVIP), which includes important details such as the vehicle’s history and previous ownership.
Here’s how to transfer ownership:
Every vehicle in Ontario must meet the province’s safety and environmental standards. This includes obtaining a Safety Standards Certificate if you’re transferring ownership or registering a used vehicle. If your car is older, you may also need an emissions test to ensure it meets Ontario’s Drive Clean program requirements.
Yes! Auto insurance is mandatory in Ontario, and you cannot drive or register a vehicle without valid coverage. Your insurance must meet the following minimum requirements:
Make sure you shop around for the best auto insurance rates and coverage options, as they can vary significantly depending on your driving history, vehicle type, and location.
When purchasing a vehicle, you’ll need to pay Retail Sales Tax (RST). This tax applies to both new and used vehicles and is typically 13% of the purchase price. Additionally, there are registration fees, and if you’re importing a vehicle from another province or country, there may be additional duty and import fees.
Failing to comply with vehicle ownership regulations in Ontario can lead to hefty fines and legal issues. Driving without insurance is not only dangerous but also illegal and can result in fines of up to $50,000, licence suspension, and vehicle impoundment. Similarly, failing to register your vehicle or not transferring ownership properly could result in fines or complications when you try to sell the vehicle in the future.
Owning a vehicle in Ontario comes with several important responsibilities. From registration and insurance to safety certifications and taxes, it’s essential to stay informed and ensure your vehicle meets all provincial requirements.
If you’re looking to purchase a vehicle or transfer ownership, make sure your auto insurance is up to date and provides adequate coverage for your needs. Contact Regal Insurance today to speak with a broker and explore the best options for your vehicle.
Protect your vehicle and stay compliant with Ontario’s vehicle ownership laws. Contact Regal Insurance for expert advice on your auto insurance needs today.
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