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Debra, Lawyer
Category: Canada Law
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Does Does an inheritance affect the money I will be

Customer Question

Does an inheritance affect the money I will be receiving from my OLD Age Security Benifit
Submitted: 1 year ago.
Category: Canada Law
Expert:  Debra replied 1 year 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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