Property Tax
MNP Property Tax Services
Property taxes represent a significant portion of operating costs. Minimizing this tax liability improves the competitiveness and liquidity of your assets, specifically those situated in challenging real estate markets.
MNP’s Distinct Service Offerings
MNP’s National Property Tax Services is a best-in-class leader in commercial real estate markets across Canada. Through pro-active cooperation and investment in government committees, MNP continues to invest resources to shape the property tax environment.
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.
MNP’s Core Competencies
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Quality and Performance
Our internal software systems allow us to meet the highest quality standards for accurate and timely data.
Professional reports are reviewed by management before submissions are made to either clients or municipalities.
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Compliance
Demonstrated 100% civic and municipal compliance across all jurisdictions.
Internal system to track all engagements and meet all deadlines.
Extensive client reporting to fulfill all requirements for client businesses and private investors.
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Analytics Expansive database of transactions, property information to support our analysis.
Conduct mass market appraisals.
Produce yearly market reports for major Canadian markets.
Correctly reduce and valuate property taxes based on accuracy and usefulness of inputs into analysis
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Communication Clear and consistent information to meet your internal needs.
Regular portfolio updates and timely reports on appeal statuses and results.
Comprehensive online portal.
Annual portfolio reviews and updates for total tax reductions of client portfolios.
For more information, contact Giovanni Worsley
Contact our Property Tax Team
Giovanni Worsley
Partner, Property Tax Services
As a seasoned Property Tax Services (PTS) practitioner with more than a decade-and-a-half of property and business tax experience, Giovanni oversees MNP’s PTS operations for Canada.
Giovanni helps clients with strategic property tax planning, annual property tax cycle management and analysis of property tax assessments, tax classifications, tribunal representation, forecasting market trends and cost / benefit analysis for new developments.
Giovanni, who has worked at two of Canada’s leading realty tax advisory firms, consults on assessment and tax procedures, appeals management, tax calculations, property tax exposure and compliance. He actively informs clients on legislation. He has led and managed numerous property reviews and appeals with a well-documented record of success. Giovanni has researched and presented complex valuation arguments before assessment tribunals in Alberta. He is frequently involved in providing tax policy feedback, best practice and legislation recommendations to municipalities, focus groups and Alberta Municipal Affairs.
Giovanni graduated from the University of Calgary’s Haskayne School of Business with a Bachelor of Commerce (BComm) in finance and risk management. He is a member of the Building Owners Managers Association (BOMA) - Government Affairs and the Canadian Property Tax Association.
Insights
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Performance
June 01, 2022
Tax Update: Canada Revenue Agency prescribed interest rates increasing July 1, 2022
Annual prescribed interest rates that will apply to amounts owed to and from the Canada Revenue Agency for the third quarter of 2022 will increase as of July 1, 2022.
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Progress
May 20, 2022
Enhanced hospital GST / HST rebates for long-term care facilities
If you operate a long-term care facility and are currently only claiming the GST / HST rebate for charities or qualifying not-for-profit organizations, it may be time to revisit your eligibility for an enhanced hospital rebate announced in the 2022 Federal Budget.
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Agility
May 19, 2022
Crypto asset mining – A review of recent proposals
Proposed amendments to tax rules around crypto assets could impact business engaged in crypto mining activities. We explore how new definitions shift GST / HST costs under the proposed changes.
