Dr Mukesh (Mick) Jain, 45, who is a radiologist, and his brother Dr Minto Jain, 48, who is a surgeon, have been slapped with charges of fraud of over $5,000 each.
The Rescue Co-ordination Centre confirms the Harken 10 sank off Sandheads, not far north of the Tsawwassen ferry terminal.
A warrant has been issued for a Yukon man after he slipped out the front door of the Whitehorse courthouse.
Cpl. Dave Tyreman says the RCMP Underwater Recovery Team will search the depths of a Rossland reservoir on Monday.
It means walk-on passengers will continue to have the option of a free booking service, guaranteeing boarding on sailings from Tsawwassen to Salt Spring, Galiano, Saturna, Pender or Mayne islands.
Mounties says personal items discovered during the search have led police to believe the pair drowned.