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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Performance
June 02, 2021
2021 Newfoundland and Labrador Budget Highlights
Newfoundland and Labrador Finance Minister Siobhán Coady tabled the province’s 2021 Budget. Titled Change Starts Here, Budget 2021 focuses on emerging from COVID-19 and investing in health and education to build stronger communities.
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Performance
May 26, 2021
Proper planning helps non-resident property owners avoid tax pitfalls
Proper planning helps non-resident property owners avoid tax pitfalls and costly mistakes that can turn a property investment dream into a nightmare.
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Performance
May 11, 2021
Orthodontist Wins New Court Case to Preserve GST HST Input Tax Credits
A new judgement by the Tax Court of Canada will have ramifications for orthodontists claiming or wanting to claim GST / HST. Find out more.
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).