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Does Does an inheritance affect the money I will be

Customer Question

does
Does an inheritance affect the money I will be receiving from my OLD Age Security Benifit
Submitted: 12 months ago.
Category: Canada Law
Expert:  Legal Ease replied 12 months ago.

An inheritance will not affect the amount of OAS you receive because an inheritance is not income.

If the amount you inherit is high then you may end up earning interest on the inheritance and that interest will counts as income.

But the inheritance itself will not affect your OAS benefit.

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