I just bought a 2016 Honda cb300f a week ago and will want to take it with me back to Canada next year.The same model is sold in Canada. Is this possible and practical?

You want to bring a motorcycle that is made in that country... God, help us.

Possible but certainly Not Practical....

Doesn't matter if the same model is sold in Canada, the foreign registered vehicle has to be over 15 years old to be insurable in any province. One exception is you temporarily import it to Canada, for a max with years and promise to take it outta country after that time.

Know this 1st hand, for almost 20 years have imported vehicles from Japan in small numbers, and once bought a Zuki SV in stellar shape with no miles that was only 6 years old. Good thing it didn't cost much to buy, and shipping was cheap as I had it stuffed into a Toyota van, as it had to be parked for 9 years.

As others have said, I don't think it would be very practical.

If you just rode the bike here, then sold it and bought another back in Canada I think you would be out of pocket around the same or less with MUCH LESS hassle!

No can do.