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Aimia receives $29.3-million tax refund from CRA

By The Northwire Desk — AI Analysis Sep 02, 2025 · 18:54 AIM · 3.18 Aimia Inc
AIM · Price

Executive Summary

  • Aimia Inc. has received a $29.3 million tax refund, including net interest, following the final processing of a settlement with the Canada Revenue Agency regarding a 2013 income tax audit of its former subsidiary, Aeroplan Inc.
  • The company intends to use these proceeds to support its 2025-2026 normal course issuer bid and for general investment purposes.
  • Aimia anticipates an additional refund of $6 million from Revenu Quebec related to the remaining portion of the 2013 audit.

Key Details

  • Refund Amount: $29.3 million (including net interest proceeds).
  • Source: Settlement agreement with the Canada Revenue Agency (CRA).
  • Origin: Final processing of a 2013 income tax audit of Aimia’s former subsidiary, Aeroplan Inc.
  • Use of Proceeds: To support the 2025-2026 normal course issuer bid and for general investment purposes.
  • Pending Refund: Aimia expects a further $6 million refund from Revenu Quebec for the remaining portion of the 2013 income tax audit.
Read the original news release →

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