Ron Frid: Tax Bill

Revenue Canada Dept: 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, according to CBC. "Opened it up and it said you are entitled to one unit for the PNP program on Prince Edward Island," said Frid and 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. In that year Frid said he received a letter from his accountant Arsenault, Best, Cameron and Ellis telling him about an opportunity to have money invested in his business. (www.immigrantscanada.com). As reported in the news.