The engine of a boat has been removed (so that to be moved, it would need to be towed) and it is kept moored at a dock for use in an (unspecified) business, e.g., a tourist, restaurant or accommodation business. In finding that it would qualify as a Class 7(c) “vessel,” CRA stated:
The Canada Shipping Act, 2001 now defines a vessel as a boat, ship or craft designed, used or capable of being used solely or partly for navigation in, on, through or immediately above water, without regard to method or lack of propulsion, and includes such a vessel that is under construction. However, that definition excludes a floating object of a prescribed class. To date, no Regulations to that effect have been promulgated.