Property Tax
Annual property tax is expensive. That’s why it’s important to maximize every opportunity to reduce or recover it. Unlike the scrutiny given to income taxes, this annual tax often does not receive the special attention required. Undermanaging property tax can result in operating surprises and missed recovery opportunities for owners and tenants.
Navigating Canada’s complex property tax assessment process without the expertise of a tax professional is risky. Without the extensive knowledge and understanding of the appeals process, owners of commercial real estate will not be able to maximize their full tax recovery potential. We help you secure the best possible assessment outcome, enhance potential ROI from future tenants and minimize time while maximizing opportunities throughout the process.
Our team of Property Tax specialists are highly skilled and knowledgeable in the assessment and appeals process. Working with you one-on-one, we take the time to understand your unique situation and deliver the services you need to achieve your goals. Our services are customizable and flexible to ensure you pay the correct amount in property tax liability.
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Are you paying more than your fair share of taxes?
Property taxes represent a significant portion of your operating costs. Minimizing this tax liability improves the competitiveness and liquidity of your assets, specifically those situated in challenging real estate markets.
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Insights
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Agility
May 13, 2022
Real estate and construction: Insights from Federal Budget 2022
The Federal Budget 2022 proposed a number of business and personal tax measures that will impact the real estate and construction sector. Melissa Aveiro, MNP’s Real Estate and Construction tax lead, discusses what the 2022 Federal Budget addressed – and what it did not.
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Progress
April 27, 2022
Being ready anytime for a practice sale
As your practice matures, start thinking about how to reposition your practice so that you can manage your income tax liability when you eventually sell.
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Performance
April 28, 2022
2022 Ontario Budget Highlights
Ontario Finance Minister Peter Bethlenfalvy tabled the Provincial Government’s budget on April 28, 2022.
Contact our Property Tax Team
Lee Thiessen MBA
National Leader, Real Estate & Construction
Lee Thiessen, MBA, is a Senior Partner in MNP’s Calgary office and the firm’s National Leader of the Real Estate and Construction group. Highly experienced, Lee focuses on helping clients achieve their short- and long-term goals, bringing strategic expertise and insight to each engagement.
Lee’s past and present leadership roles have provided strategic expertise and insight into the preparation of many real estate value challenges. As a seasoned commercial realty professional, he has provided strategic consulting expertise to many of Canada’s leading public realty firms, emerging private firms and high-net-worth real estate professionals.
Active for many years in both realty tax as well as commercial real estate consulting, Lee was a senior partner and leader of the national realty tax consulting service line at a Big Four consulting firm for eight years. He also was an executive vice president for a global commercial real estate consulting firm based in Toronto.
Lee holds a Master of Business Administration (MBA) degree in Corporate Finance from Golden Gate University in San Francisco, as well as a Bachelor of Arts from the University of Calgary. He is the chair of the Calgary Building Owners and Managers Association (BOMA).