Appraisal Services from Waddington's™ Professionals



For additional appraisal information please contact
Ellie Muir  appraisals@waddingtons.ca  416.847.6196 

Our Expertise

Waddington's has been providing quality appraisal services for over 160 years.  Our appraisal professionals are internationally respected and cover a broad spectrum of disciplines.  With Waddington's you will receive a comprehensive written appraisal with objective, justified values that can be prepared to ISA and Uniform Standards of Professional Appraisal Practice (USPAP) standards.

An appraisal is an informed opinion of the value of an object, based on an adequate inspection of the item, knowledge and research in to the value and recent selling prices of similar items, and the review of available documentation such as provenance and sales receipts. 

There are many situations in which you may require an appraisal:

Whether you are a private collector, an insurance professional, an estate trustee, a financial planner, a registered charity or a museum, our written appraisals - whether simple valuations for sale or complex inventories - can provide you with the information you need to make informed decisions.

We can also provide verbal appraisals when circumstances warrant a more informal, lower cost approach. 

Likewise, if you are considering consignment with Waddington's consider using our Online Appraisals service.  You can send us descriptions and digital images of your valuables.  A member of our team will contact you with our advice as to the market potential of your items.  This is a complimentary service. Click here to access the Online Consultation Form.

  

Estate Planning, Tax Reporting & Equitable Distribution

The distribution of assets whether a result of a bankruptcy, the dissolution of an estate or business, requires a fair market value appraisal.

According to the Canada Revenue Agency the generally accepted meaning for Fair Market Value is “the highest price, expressed in terms of money, that the property would bring in an open and unrestricted market between a willing buyer and a willing seller who are both knowledgeable, informed and prudent, and who are acting independently of each other”.

In the case of an estate, a fair market value appraisal is used for the function of determining estate administration taxes and to assist in the division of property.

In situations involving the dissolution of a business or a bankruptcy, and the sale of assets is required, you may need to have a fair market value appraisal prepared to aid in determining any capital gains tax.  Capital gains tax is levied on the profit realized when an asset is sold for a price greater than it was purchased for on an earlier date.

 

Insurance

Whether you require an appraisal for insurance coverage, to file a loss claim, or because you are shipping or moving items and it is required by your mover, our insurance appraisals will minimize any risk of you not receiving the full value for your property, yet ensure you aren’t overpaying for coverage.

 

Charitable Donation

When you donate property to a registered charity, you qualify for a tax credit based on 75% of the fair market value of the property.  If the deduction is $1000 or greater, you are required by Revenue Canada to have a fair market value appraisal.  Capital gains taxes must be paid on the difference between the fair market value and the price at the time of purchase. 

 

Certified Cultural Property

Certified cultural property donations bring the greatest tax benefits, as they are not subject to capital gains tax.  You can claim the full 100% of the appraised fair market value. If the donation is $20,000 or less you will require one fair market value appraisal.  If the value is greater than $20,000 you are required to submit two appraisals, prepared independently of each other.  The appraisals must meet the format guidelines established by the Canadian Cultural Property Export Review Board

Certified Cultural Property is described by Revenue Canada as a property of outstanding significance and national importance to Canada, for which the Canadian Cultural Property Export Review Board has issued a certificate. 

If the cultural property is not certified, the donation is considered a regular gift in kind and you will receive an official donation receipt based on the fair market value however you will not receive the same tax advantages as a certified cultural property.

Regardless of whether the cultural property is certified or not, you will require a fair market value appraisal for gifts $1000 or greater in value. 

 

Why use Waddington's  

Waddington's appraisal professionals are knowledgeable about the principles, theories and procedures of the applicable valuation discipline and follow the Uniform Standards of Professional Appraisal Practice as recommended by Revenue Canada.

With Waddington's you benefit from 160 years of appraisal experience.

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UPCOMING AUCTIONS & EVENTS



Inuit Art Online Auction
January 26-29, 2015


On View:
Tuesday 27 January 2015
from 2:00 pm to 7:00 pm


"Off the Wall" Art Online Auction
January 26-29, 2015


On View:
Tuesday 27 January 2015
from 2:00 pm to 7:00 pm

View the Gallery


Asian Art Online Auction
February 23-26, 2015


On View:
Tuesday 24 February 2015
from 2:00 pm to 7:00 pm


British Paintings and Watercolours Online Auction
February 23-26, 2015


On View:
Tuesday 24 February 2015
from 2:00 pm to 7:00 pm


Decorative Arts & Silver Online Auction
February 23-26, 2015


On View:
Tuesday 24 February 2015
from 2:00 pm to 7:00 pm


"Off the Wall" Art Online Auction
February 23-26, 2015


On View:
Tuesday 24 February 2015
from 2:00 pm to 7:00 pm


Inuit Art Online Auction
February 23-26, 2015


On View:
Tuesday 24 February 2015
from 2:00 pm to 7:00 pm


Jewellery & Watch Auction
including Numismatics
Wednesday 25 February 2015 at 1:00 pm


On View:
Tuesday 24 February 2015
from 2:00 pm to 7:00 pm
Wednesday 25 February 2015
from 9:00 am to 12:00 Noon


Concrete Contemporary Auctions and Projects

Contemporary Art Online Auction
March 2-5, 2015


On View:
Tuesday 3 March 2015
from 2:00 pm to 7:00 pm


Canadian Art Online Auction
March 2-5, 2015


On View:
Tuesday 3 March 2015
from 2:00 pm to 7:00 pm

View the Gallery


Fine Prints and Photography Auction
Tuesday 10 March 2015 at 7:00 pm


On View:
Saturday 7 March 2015
from 11:00 am to 5:00 pm
Sunday 8 March 2015
from 11:00 am to 5:00 pm
Monday 9 March 2015
from 10:00 am to 12 Noon

View the Gallery


Old Master and Related Works Online Auction
March 16-19, 2015


On View:
Tuesday 17 March 2015
from 2:00 pm to 7:00 pm


"Off the Wall" Art Online Auction
March 16-19, 2015


On View:
Tuesday 17 March 2015
from 2:00 pm to 7:00 pm


Hollywood North: The FXSMITH Studio Collection Online Auction
March 23-26, 2015


On View:
Saturday 21 March 2015
from 11:00 am to 5:00 pm
Sunday 22 March 2015
from 11:00 am to 5:00 pm
Monday 23 March 2015
from 10:00 am to 12 Noon


Concrete Contemporary Auctions and Projects

Contemporary Art Auction
Monday 13 April 2015 at 7:00 pm


On View:
Saturday 11 April 2015
from 11:00 am to 5:00 pm
Sunday 12 April 2015
from 11:00 am to 5:00 pm

View the Gallery


Charles Bronfman’s Claridge Collection Online Auction: Part V
Tuesday 21 April 2015 at 1:00 pm


On View:
Saturday 18 April 2015
from 11:00 am to 5:00 pm
Sunday 19 April 2015
from 11:00 am to 5:00 pm
Monday 20 April 2015
from 10:00 am to 12 Noon


Rug and Textile Online Auction
April 27 - 30, 2015


On View:
Tuesday 28 April 2015
from 2:00 pm to 7:00 pm


Jewellery & Watch Auction
including Numismatics
Wednesday 13 May 2015 at 1:00 pm


On View:
Tuesday 12 May 2015
from 2:00 pm to 7:00 pm
Wednesday 13 May 2015
from 9:00 am to 12:00 Noon


Canadian Fine Art Auction
Monday 25 May 2015 at 7:00 pm


On View:
Saturday 23 May 2015
from 11:00 am to 5:00 pm
Sunday 24 May 2015
from 11:00 am to 5:00 pm
Monday 25 May 2015
from 10:00 am to 12 Noon


Inuit Art Auction
Monday 1 June 2015 at 6:00 pm


On View:
Saturday 30 May 2015
from 11:00 am to 5:00 pm
Sunday 31 May 2015
from 11:00 am to 5:00 pm
Monday 1 June 2015
from 10:00 am to 12 Noon


Asian Art Auction
Monday 8 June 2015 at 6:00 pm


On View:
Saturday 6 June 2015
from 11:00 am to 5:00 pm
Sunday 7 June 2015
from 11:00 am to 5:00 pm
Monday 8 June 2015
from 10:00 am to 12 Noon


Fine Jewellery Auction
Tuesday 9 June 2015 at 7:00 pm


On View:
Saturday 6 June 2015
from 11:00 am to 5:00 pm
Sunday 7 June 2015
from 11:00 am to 5:00 pm
Monday 8 June 2015
from 10:00 am to 12 Noon


Decorative Arts Auction
Monday 15 June 2015 at 7:00 pm


On View:
Saturday 13 June 2015
from 11:00 am to 5:00 pm
Sunday 14 June 2015
from 11:00 am to 5:00 pm
Monday 15 June 2015
from 10:00 am to 12 Noon


Decorative Arts and International Art Auction
Tuesday 16 June 2015 at 7:00 pm


On View:
Saturday 13 June 2015
from 11:00 am to 5:00 pm
Sunday 14 June 2015
from 11:00 am to 5:00 pm
Monday 15 June 2015
from 10:00 am to 12 Noon