Capital Gains & CRA Retrospective Appraisals in Ottawa
When Ottawa homeowners need a retrospective appraisal for CRA capital gains reporting — change-of-use, principal residence, and inherited property.
Retrospective appraisals in Ottawa support CRA capital ga…
Retrospective appraisals in Ottawa support CRA capital gains reporting where a value at a specific past date is required. Common triggers include change-of-use elections, deemed disposition on inheritance, and loss of principal residence status.
Common effective dates
Common effective dates: date of change-of-use, date of death, or a specific tax-year date. The appraiser reconstructs the market at that date using archived MLS, land title, and MPAC data.
Report format matters
Report format matters. CRA reviewers expect a narrative report with defined effective date, intended use, comparable evidence, and reconciliation. A short-form mortgage report is typically not sufficient.
Rural west and east comparable depth weakens November
Rural west and east comparable depth weakens November–March; bilingual reporting is occasionally requested for Quebec cross-border situations.
This article is general information for Ontario taxpayers…
This article is general information for Ontario taxpayers and is not tax advice. Coordinate the report scope with a CPA before ordering to make sure the effective date and intended-use language match what the return requires.
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