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Date-of-death appraisals in Toronto and the GTA
On death, the CRA generally treats a person as having sold their capital property at fair market value immediately before death, unless it passes to a spouse or common-law partner under a rollover. An appraisal as of the date of death documents the value for the final tax return.
How it works
We value homes, cottages, rental properties and commercial property as of the date of death. That value generally becomes the beneficiary’s cost. Executors should confirm the rules with an accountant or estate lawyer.
What we provide
- Value immediately before death for the final tax return
- A cost base for beneficiaries
- Homes, cottages, rental properties and commercial property
- Reports for executors, accountants and lawyers
What to send us
- The property address and the valuation date you need
- Your accountant’s or lawyer’s name, if they need the report
- Purchase or transfer documents, if you have them
This page is general information, not tax or legal advice. Tax rules change and depend on your situation, so confirm with your accountant or tax lawyer. We provide the property valuation only.
Common questions
What is a deemed disposition at death?
It is the rule that treats a person as having disposed of their capital property at fair market value just before they died, which can create a capital gain on the final return.
How can you value a property after the date has passed?
We prepare a retrospective appraisal using sales and market information from around the date of death.
Areas we serve
We provide this service across Toronto, Peel, York, Halton, Durham and surrounding areas.
City of Toronto
Peel Region
York Region
Halton Region
Durham Region
Surrounding Areas
Request a quote
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If your request is urgent, please call us or email us directly and we will respond as soon as possible. Your request is kept confidential.
Phone: 416-728-1666
Email: Housevalue@iCloud.com