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Our principal, Steve Skrlac, has valued hundreds of businesses and has the experience and education to issue a valuation report that you can rely on.  Steve Skrlac is a Chartered Business Valuator (CBV) and a Chartered Financial Analyst (CFA).  Steve also holds a Bachelor's Degree in Economics and a Master's Degree in Business Administration.

Solutions For Accountants & Tax Experts

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Steve Skrlac, B.A. (Econ), MBA, CFA, CBV

Read our blog post: 

The Income Tax Act:  When is a Valuation Required?  click here

The services we provide to accountants & tax experts include valuations for:

  • Corporate reorganizations (section 85, section 86)
  • Divorce involving a business owner or a self-employed person (we can assist by producing a business valuation report and also an income report for spousal or child support purposes pursuant to the Federal Child Support Guidelines.)
  • Purchase or sale of a business
  • Transfer of a business
  • Succession planning
  • Shareholder disputes
  • Non-arm's length transactions
  • Quantification of economic damages
  • Winding up – 88(1)(d) bumps
  • Deemed dispositions at death
  • Valuation of a class of shares
  • Valuation of a minority position in a corporation


Business valuations in support of a corporate reorganization:


  • One of the major reasons that a valuation is undertaken for Income tax purposes is to support and give credibility to a price adjustment clause for a section 85 rollover or a section 86 reorganization.
  • As stated in paragraph 1.5(a) of the CRA’s Folio S4-F3-C1 Price Adjustment Clauses, a price adjustment clause will be recognized by the CRA when the agreement between the parties reflects a bona fide intention of the parties to transfer the property at fair market value.
  • Fair market value must be determined using a “fair and reasonable method."  CRA uses the same definition of 'fair market value' as the Canadian Institute of Chartered Business Valuators, as per Information Circular 89-3.
  • CRA’s valuators follow the practice standards as set out by the Canadian Institute of Chartered Business Valuators (see Information Circular 01-1)
  • If CRA challenges and finds that the value amount was not determined using a "fair and reasonable method", this may invalidate the price adjustment clause and may lead to significant costs, disputes and professional liability.


For corporate reorganizations, an independent business valuation from a Chartered Business Valuator is the prudent course of action!


Please contact us to discuss our business valuation services.