Appraisal Services



Waddington’s has been providing professional appraisal services for over 160 years. Our specialists are internationally recognized as experts in their fields. We create comprehensive written appraisals with objective, justified values that can be prepared to ISA and USPAP standards. There are many reasons for which you may require an appraisal including: - Estate Planning and Tax Reporting - Insurance Coverage or Loss/Damage Claims - Equitable Distribution - Charitable Donation - Donation of Certified Cultural Property - Bankruptcy, Divorce or Partnership Dissolution Whether a simple valuation for sale or a complex inventory, we 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. Please contact Ellie Muir, member of ISA and USPAP compliant, to discuss your appraisal needs. Appraisals@waddingtons.ca Click Here to Meet Our Appraisers Our Appraisal Services

Estate Planning and Tax Reporting
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. 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”.

Insurance Coverage or Loss/Damage Claims
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.

Donation of 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 $50,000 or less you will require one fair market value appraisal. If the value is greater than $50,000 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.

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UPCOMING AUCTIONS & EVENTS



Small Art Big Hearts
June 24 - 29, 2017


On View:
Friday, June 23, 2017
from 12:00 pm to 5:00 pm
Saturday, June 24, 2017
from 11:00 am to 5:00 pm
Sunday, June 25, 2017
from 11:00 am to 5:00 pm
Monday, June 26, 2017
from 9:00 am to 5:00 pm

View the Auction Gallery


"Off the Wall" Art Online Auction
June 24 - 29, 2017


On View:
Friday, June 23, 2017
from 12:00 pm to 5:00 pm
Saturday, June 24, 2017
from 11:00 am to 5:00 pm
Sunday, June 25, 2017
from 11:00 am to 5:00 pm
Monday, June 26, 2017
from 9:00 am to 5:00 pm

View the Auction Gallery


The Canada 150 Auction
Tuesday, June 27, 2017 at 7:00 pm


On View:
Friday, June 23, 2017
from 12:00 pm to 5:00 pm
Saturday, June 24, 2017
from 11:00 am to 5:00 pm
Sunday, June 25, 2017
from 11:00 am to 5:00 pm
Monday, June 26, 2017
from 9:00 am to 5:00 pm

View the Auction Gallery


International Art Online Auction
July 8 - 13, 2017


On View:
Sunday, July 9, 2017
from 12:00 pm to 4:00 pm
Monday, July 10, 2017
from 1:00pm to 7:00pm


"Off the Wall" Art Online Auction
August 26 - 31, 2017


On View:
Sunday, August 27, 2017
from 12:00 pm to 4:00 pm
Monday, August 28, 2017
from 1:00 pm to 7:00 pm


Inuit Art Online Auction
August 26 - 31, 2017


On View:
Sunday, August 27, 2017
from 12:00 pm - 4:00 pm
Monday, August 28, 2017
from 1:00 pm - 7:00 pm




Decorative Arts Online Auction
September 9 - 14, 2017


On View:
Sunday, September 10, 2017
from 12:00 pm to 4:00 pm
Monday, September 11, 2017
from 1:00 pm to 7:00 pm


Prints & Photography Online Auction
September 9 - 14, 2017


On View:
Sunday, September 10, 2017
from 12:00 pm to 4:00 pm
Monday, September 11, 2017
from 1:00 pm to 7:00 pm

View the Preview Gallery


Asian Art Online Auction
September 9 - 14, 2017


On View:
Sunday, September 10, 2017
from 12:00 pm to 4:00 pm
Monday, September 11, 2017
from 1:00 pm to 7:00 pm


Fine Wine Online Auction
September 11 - 19, 2017


This auction will start closing at 6:00 pm on Tuesday, September 19, 2017

Under the authority of the LCBO


Fine Spirits Online Auction
September 11 - 19, 2017


This auction will start closing at 4:00 pm on Tuesday, September 19, 2017

Under the authority of the LCBO


Quarterly Jewellery and Watch Auction, including Numismatics
Tuesday, September 12, 2017 at 1:00 pm


On View:
Sunday, September 10, 2017
from 12:00 pm to 4:00 pm
Monday, September 11, 2017
from 1:00 pm to 7:00 pm
Tuesday, September 12, 2017
from 10:00 am to 12:00 pm


Canadian Art Select Online Auction
September 16 - 21, 2017


On View:
Sunday, September 17, 2017
from 12:00 pm to 4:00 pm
Monday, September 18, 2017
from 12:00 pm to 07:00 pm

View the Preview Gallery


"Off the Wall" Art Online Auction
September 30 - October 5, 2017


On View:
Sunday, October 1, 2017
from 12:00 pm to 4:00 pm
Monday, October 2, 2017
from 1:00 pm to 7:00 pm


American and Modern Art Online Auction
September 30 - October 5, 2017


On View:
Sunday, October 1, 2017
from 12:00 pm to 4:00 pm
Monday, October 2, 2017
from 1:00 pm to 7:00 pm


Fine Wine Online Auction
November 20 - 28, 2017


This auction will start closing at 6:00 pm on Tuesday, November 28, 2017

Under the authority of the LCBO


Fine Spirits Online Auction
November 20 - 28, 2017


This auction will start closing at 4:00 pm on Tuesday, November 28, 2017

Under the authority of the LCBO


Canadian Fine Art Auction
Monday, November 20, 2017 at 7:00 pm


On View:
Friday, November 17, 2017
from 12:00 pm to 5:00 pm
Saturday, November 18, 2017
from 11:00 am to 5:00 pm
Sunday, November 19, 2017
from 11:00 am to 5:00 pm
Monday November 20, 2017
from 10:00 am to 12:00 pm