+1 705-641-1789
MuskokaAppraiser, 3-200 Manitoba St., Suite 329, Bracebridge, ON, CA, P1L 2E2

Professional Real Estate Appraisals in Muskoka

Expert Property Valuations by AACI-Designated Appraiser Shawn O’Connor, AACI P.App, Hon. B. Comm.

Taxes, Capital Gains, Probate Appraisals

Professional real estate appraisals play a vital role in tax matters, capital gains calculations, and probate proceedings. As a certified AACI-designated appraiser serving Muskoka, Parry Sound, and Haliburton regions, I provide comprehensive valuation services to assist with Canada Revenue Agency requirements and estate settlements

Date of Death Valuations and Capital Gains

When a property owner passes away, determining the fair market value at the date of death is crucial for several reasons:

Establishes the new adjusted cost base for capital gains calculations
Required for deemed disposition rules under Canadian tax law
Helps determine tax liability for the estate
Essential for properties transferred to beneficiaries
Required for principal residence exemption calculations
Helps executors make informed decisions about estate assets
Provides documentation for CRA reporting requirements

How We Can Help

Capital gains tax valuations
Estate and probate property appraisals
Date of death valuations
Retrospective value opinions for CRA matters
Principal residence valuations
Investment property tax assessments
Expert witness testimony for tax appeals

Why Choose a Professional Appraiser

CRA-compliant appraisal reports
Expertise in retrospective valuations
Accredited professional credentials
Detailed documentation meeting tax requirements
Experience with estate and probate matters
Understanding of deemed disposition rules
Knowledge of capital gains tax implications

Our Approach

We understand the complexity of tax-related property valuations. Our appraisals are conducted according to strict professional standards, providing comprehensive reports that:

Document historical and current market values
Research historical market conditions for retrospective valuations
Consider property condition at the date of death
Analyze comparable sales from the relevant time period
Meet CRA and legal documentation requirements
Provide clear explanation of methodologies
Include supporting market data and analysis
Comply with federal and provincial requirements

Understanding Capital Gains Implications

Accurate property valuations at the date of death are essential because

Properties are deemed to have been disposed of immediately before death
Capital gains tax is calculated based on the difference between the adjusted cost base and fair market value

Proper documentation helps prevent CRA challenges
Accurate valuations can help minimize tax liability within legal frameworks
Beneficiaries need this information for future capital gains calculations

Special rules may apply for principal residences and vacation properties

As an AACI-designated appraiser with extensive experience in tax and estate valuations, I provide reliable appraisals that meet regulatory requirements and stand up to scrutiny. Whether you need a current market value or a retrospective valuation for tax purposes, our detailed reports provide the documentation needed for CRA compliance. Contact our office to discuss your tax-related appraisal needs or to schedule a consultation.