Since the introduction of the capital gains tax in 1972, property owners in Canada are often required to have appraisals of their properties completed for taxation purposes. Working from our extensive database, we can help you establish market values for capital gains purposes.

Capital gain is best described as the increase in the value of a capital asset (investment or real estate) that gives it a higher market value than the purchase price. The gain is not realized until the asset is sold. Usually, this asset is not one that is a regular source of income. This is usually the case with rental properties.

There is capital gain when the current selling price of the property is greater than the purchase price. When this occurs, the investor gains financially, although the gain is not realized until the property is sold. A capital gain must be claimed on income taxes. To determine the true value of the property, an appraiser is hired to determine the current market value. This value can be used in the future for taxation purposes, asset evaluation, or property sale.

At Advanced Real Estate Services our appraisers can determine the market value of the property based on current market value or retrospective value back in a set date in time.