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 has $ 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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