When must the new owner of a pre-owned licensed pleasure craft (greater than 10 horsepower) submit the transfer of licence documentation in Canada?

In Canada, the new owner of a pre-owned licensed pleasure craft greater than 10 horsepower must submit the transfer of licence documentation to the appropriate authority within 90 days of acquiring the vessel. This ensures that the licensing information is updated to reflect the new ownership. Failing to do so may result in penalties or complications in operating the craft legally.