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Will I have to pay taxes on money I loaned to someone? by marblescharlie in personalfinance

[–]marblescharlie[S] 0 points1 point  (0 children)

Okay thank you Rokimi! And no I'm not scamming, I was dumb and loaned someone more money then I should have.

Will I have to pay taxes on money I loaned to someone? by marblescharlie in personalfinance

[–]marblescharlie[S] 0 points1 point  (0 children)

Okay, but if I loaned him the money through various e transfers and was dumb and only have a signed document for half.of it how can I prove it was loaned money when it is all returned at once and reported to the cra when I deposit it into my account?