$15K tax bill follows immigrant program ruling
CBC News Posted: Apr 30, 2012 2:03 PM AT Last Updated: Apr 30, 2012 4:26 PM AT
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A P.E.I. business has been hit with an unexpected $15,000 tax bill after Revenue Canada ruled money from an immigrant investment program is a fee for service, not investment.
Ron Frid was surprised to get a tax bill from the Canada Revenue Agency over his involvement in an immigrant investment program. (CBC)
Ron Frid of York Greenhouses and Garden Center, north of Charlottetown, received the tax bill a couple of weeks ago, stemming from an audit of a transaction from 2008.