Capital Gains Appraisal – What It Is & Why You Need One
What is a Capital Gains Appraisal?
​A capital gains appraisal is a professional property valuation required by the Canada Revenue Agency (CRA) when converting a principal residence into a rental or income-generating property. This appraisal determines the fair market value of the home at the time of conversion, ensuring accurate capital gains tax calculations when the property is sold.
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Why is this important?
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If no formal valuation exists at the time of conversion, you may:
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Face tax disputes or higher tax liabilities from the CRA.
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Have claims rejected due to insufficient evidence of property value.
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Be unable to provide a retrospective appraisal for legal or financial planning.
At Walson Consulting Inc., we provide CRA-compliant, certified capital gains appraisals to help property owners establish accurate valuations for tax purposes.
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Do I Need a Capital Gains Appraisal?
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Converting a Principal Residence to a Rental Property – The CRA requires proof of market value at the time of conversion.
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Retrospective Appraisals – If the conversion happened in the past, a backdated appraisal provides an estimated value as of that date.
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Tax Planning & CRA Compliance – Properly document your home’s value to avoid penalties and legal issues.
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Legal & Estate Planning – A professional home appraisal is required for divorce settlements, inheritance, and financial disputes.
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Since a property’s purchase price does not always reflect its true market value at the time of conversion, a formal appraisal from an AIC-certified appraiser is often the only valuation accepted by the CRA and courts.
What’s Included in a Capital Gains Appraisal?
Our comprehensive capital gains appraisal reports (20-30 pages) include:
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Property Inspection – A thorough assessment of the home’s condition, size, features, and unique attributes.
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Comparable Sales Data – A detailed market analysis of similar properties sold at the time of conversion.
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Market Trends & Economic Factors – Insights into real estate trends, demand, and property value fluctuations.
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Valuation Analysis & Conclusion – A clear market value estimate, supported by professional appraisal methods.
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CRA-Compliant Report – A formal, well-documented home appraisal accepted by the CRA, accountants, and legal professionals.
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A properly documented capital gains appraisal helps avoid costly tax disputes and ensures a smooth CRA filing process.
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Service Areas for Capital Gains Appraisals
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We provide certified home appraisals across the Greater Toronto Area (GTA), including:
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Toronto Region: Toronto, East York, North York, York, Etobicoke, Scarborough
Peel Region: Mississauga, Brampton, Caledon
Halton Region: Oakville, Milton
York Region: Markham, Newmarket, Richmond Hill, Stouffville, Vaughan/Thornhill and Woodbridge
Durham Region: Pickering, Ajax, Whitby, Oshawa
Not in these areas? Contact us to confirm service availability!
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​​Why Choose Walson Consulting Inc. for Your Capital Gains Appraisal?​
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Certified & CRA-Compliant Appraisers – Our AIC-designated appraisers provide professional, CRA-accepted property valuations.
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Accurate Retrospective Valuations – We specialize in estimating past property values for tax and legal purposes.
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CUSPAP Standards & Professional Integrity – Our reports adhere to the highest industry standards for accuracy and compliance.
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Fast, Reliable & Unbiased Reports – Delivered within a few business days, accepted by the CRA, accountants, and legal professionals.
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Expert Local Market Knowledge – Specializing in Toronto, Mississauga, Brampton, Oakville, Markham, and surrounding areas.
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Our certified home appraisers ensure that your capital gains appraisal is thorough, legally compliant, and professionally documented.