Iristel's wireless plans hang in the balance over withheld tax returns

$30 million in withheld tax refunds were earmarked for wireless growth By Ahmad Hathout MARKHAM – Wired and wireless carrier Iristel is facing the prospect of pausing its wireless expansion plans – if not shutting down services altogether – if it does not get tax refunds it says it is owed by the Canada Revenue Agency. The Markham-based telecom, which also owns far north operator Ice Wireless, is currently asking the Federal Court to provide it interim relief and the disbursement of at least $62 million out of $80 million it says the CRA is withholding from it because the...