Question: Amelie s client, age 6 7 , has $ 2 5 0 , 0 0 0 in unrealized capital gains on a vacation property. The

Amelies client, age 67, has $250,000 in unrealized capital gains on a vacation property. The client asks about the implications for her Old Age Security payments if she sells the property. What information should Amelie provide to her client?
a.
Because the client is already receiving OAS payments, she will not be affected.
b.
The Guaranteed Income Supplement will be reduced, but not her OAS payments.
c.
Capital gains income does not affect OAS payments.
d.
Inclusion of the capital gains income will result in clawback of OAS benefits.

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