Question regarding taking CAR to Canada

[ravi2009]

Currently I'm in USA and moving to Toronto on 1st Dec 2009 as new immigrant. 
I'm buying 2004 Camry (97000 miles) to take it to Toronto.

Want to know if I can take this car or do I run into any troubles.
(i) In order to take the car should I own it for a specific period of time.
(ii) Do they have any restriction on the mileage of the car, when taken into Canada.

Would appreciate if anyone can answer my questions.

[jes_ON]

http://www.riv.ca/ImportingAVehicle.aspx

[ravi2009]

I could only find that I should own the title inorder to export the car to Canada. But couldn't find if the car should be owned for specific period of time, before it is exported.

Also, could not find if there is any restriction on the mileage for exporting a car into canada.

Can you please let me  know where can I find these details.

[ImmEnforce]

Owned and Used prior to Importation. Doesn't sound like you have a problem with that. No limit to mileage.

[bla333]

No requirement for length of ownership as long as it other requirements from the RIV is met

[snilespg2]

One inquiry that I have is (forgive me for intruding on your post) base on this posting is can I import a car that I am making payments on? Or would it have to be a direct sale which I am assuming you are doing?

[PMM]

Hi

One inquiry that I have is (forgive me for intruding on your post) base on this posting is can I import a car that I am making payments on? Or would it have to be a direct sale which I am assuming you are doing?

It is unlikely that the lien holder will give you permission to export it from the US.  You require either the "pink slip" or a letter from the lien holder.

PMM

[ravi2009]

Do I need to pay taxes, since I did not own the car for specific period of time (3/6 months) at the time of crossing the border.

[ImmEnforce]

Vehicles owned prior to landing can be imported as part of you exemption at time of landing or Goods to follow. If they are GTF it must be documented at the time of landing. No purchases after landing would be considered part of your GTF.

Now if you own a vehicle but there is a lean (loan)...

Generally speaking most finance companies will not allow the exportation of the vehicle. If the company is established in Canada as well then your chances are better. If they aprove the export then you need to have a letter from the company along with the title.

Ravi2009; not sure what you are saying. You either owned the vehicle at time of landing or not.