I just got home from work and found the following note on my desk:
Gord - I borrowed $30. Will pay you back this weekend. Thanks, Doll.
She added a happy face at the bottom.
["Dear Ann. Should I charge HST?"]
Wait ‘til she learns how much interest I’m charging this week.
Plus, when I add in the Harmonized Sales Tax and Hydro Conservation Tax she’ll learn that family loans don’t come as easy as they once did. Hey, money's tight.
I look forward to seeing the look on her face when I break the news.
***
Do you charge HST on family loans?
Should I consider a discount because she left me a note?
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