Knowing the True Value Ensures You Make Informed Decisions
Waddington’s has been providing professional appraisal services for generations; our specialists are recognised as experts in their fields. We prepare comprehensive written appraisals with objective, justified values that can be prepared to ISA and USPAP standards.
Whether a simple valuation for sale or a complex inventory, we can provide you with the information you need. We can also provide verbal appraisals when circumstances warrant a more informal, lower cost approach.
There are many reasons you may require an appraisal, including:
Downsizing and Retirement Planning – Downsizing your home and contents is an effective way to create liquid assets to help finance your retirement. An accurate appraisal ensures you know what everything is worth to make the right decisions.
Estate Planning and Tax Reporting – Knowing the true value of the estate is essential for estate planning, division of property and understanding estate administration taxes.
Insurance Coverage – Often a requirement for coverage, an insurance appraisal will minimize any risk of you not receiving the full value for your property while ensuring you aren’t overpaying for coverage.
Equitable Distribution; Divorce; Partnership Dissolution, Bankruptcy – An appraisal ensures a fair distribution of property.
Charitable Donation – When you donate property to a registered charity, you may qualify for a tax credit. An accurate appraisal helps in the donation decision-making process.
Donation of Certified Cultural Property – Certified Cultural Property is described by Revenue Canada as a property of outstanding significance and national importance to Canada. Certified cultural property donations bring the greatest tax benefits, as they are not subject to capital gains tax.
Appraisal Fees
- “Walkabout” (verbal appraisal) – $175 (approximately one hour)
- Fair Market Value – $300/hour (one hour minimum)
- Estate Appraisal – $300/hour (one hour minimum)
- Insurance Appraisals – $400 for first hour; $300/hour after that in 1/4 hour increments
- Administration – $50/hour
Please note that cancellations made within 24 hours of the appointment are subject to a charge equal to one hour at the hourly rate.
All fees are subject to 13% HST.
Mileage is billed at $0.60/km. There is NO HST charged on mileage.
Charges are in Canadian dollars.
Find Out More
Please contact Ellie Muir, member of ISA and USPAP compliant, to discuss your appraisal needs: appraisals@waddingtons.ca
Note:
For Fine Wine & Spirits appraisals, please contact: our Fine Wine & Spirits Department