Loyalty program Aimia Inc. says it expects to pay a bill of about $30-million, plus another $5-million in interest following an audit by the Canada Revenue Agency.
The Montreal-based company says the CRA has concluded its audit and a reassessment is expected.
Aimia says it will make the payment using a portion of a $100-million restricted cash account set up as part of the sale of its Aeroplan program.
However, Aimia says it plans to vigorously contest the case once it receives the notice of reassessment.
Aimia owns and operates the Air Miles Middle East loyalty program and also own stakes in other loyalty programs.
The company completed the sale of its flagship Aeroplan program to a consortium led by Air Canada earlier this year.