I think the biggest problem that would have to be overcome would be the requirement (in most Canadian provinces) to have a safety check carried out on the vehicle before transferring the registration as a 'fit vehicle' (vehicle that is entitled to plates) to another person. This would present a huge logistical headache if the moto is in Europe.
There is also the nuisance matter of GST / provincial sales tax to contend with.
If only the back of the registration was signed, but the original plate belonging to the seller was still on the bike, I think that would mean very little... if push came to shove, the seller would still be considered to be the person responsible for the vehicle.
Michael
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