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Part II: Understanding and Determining Fair Market Value in Canadian Appraisals

International Society of Appraisers

5/22/2025 12:00:00 AM Fair market value (FMV) is foundational in Canadian personal property appraisals prepared for charitable donations, estate administration, and cultural property certification applications. and is used by the CRA and CCPERB in evaluating appraised donations. Minister of National Revenue decision ([1973] 2 F.C.

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Estate Tax Planning Strategies for Art Collections

Art Appraisal Resources

In this post, we will discuss the importance of accurately valuing your art collection, the estate tax implications of art collections, and strategies for mitigating estate tax liability. Appraisers also use comparative analysis to provide a basis for estimating the artwork’s potential market value.