1 CFI Workshop: Fair Market Value

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  CFI Workshop: Fair Market Value
  
  Description
  
  In this STAR Canada Foundation for Innovation (CFI) workshop, we take an in-depth look at Fair Market Value (FMV) assessments - What are they? Why are they needed? We take a step-by-step walkthrough of how to complete an FMV assessment and solidify your knowledge with practical case studies.
  
  Learning Outcomes:
  
  1. Understand what a Fair Market Value (FMV) assessment is

2. Understand why an FMV assessment is needed
3. Understand how to complete an FMV Assessment for Purchases with an In-kind Contribution of both more than and less than $100K
   
   Key Takeaways:
   
   1. When do I need to complete a CFI FMV assessment?
   
   A Fair Market Value (FMV) assessment needs to be completed for all CFI equipment purchases, regardless of the in-kind contribution amount. The assessment determines the proper valuation of items purchased. If the in-kind portion is less than $1,000, no FMV is necessary.