Both the CBR and the R1 came from the US. There is a bit to it, but if you are organized, its actually straight forward.
Pit falls:
- You need to figure out if it is really worth it, especially with the dollar now. Do the math for the mileage, and import and time costs
- Importing it as a road legal bike has more restrictions. You really want a stock bike, in particular an OEM exhaust. New rules have become really rigid on this in particular and are very loosey goosey on what the RIV considers 'modified'
- Canadian Tire is the only place that can do federal inspection. If you get a moron looking at the bike (i.e. exhaust requirements), this could be an issue
- If the bike does not pass federal inspection it must be returned to the US.
- There is a 72 hour period before you can import. They are pretty rigid on this. Can only be done M-F, weekends don't count. Its a chicken and an egg problem. You can't export the bike until you have the title, and it is unlikely someone is going to give you the title without receiving money. You probably don't want to pay for a bike and not take it with you from some random person. You can store it at places like CBI, but its another layer of headache.
- The US does not have a centralized lien system like the MTO. Absolutely be sure you pay the $10 USD for a vin search. I can dig up the place I used which was good. I could not believe how many US bikes had liens. You must have a clean title to import.
- Shipping bikes in the US is the wild west, I shipped the R1 and would avoid it if you can