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Does a Reverse Mortgage Affect Your OAS CPP Payments?
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If you're wondering about reverse mortgage impact on your CPP and OAS payments, let's clarify: A reverse mortgage will not adversely affect your CPP and OAS benefits in Canada. Funds received through a CHIP Reverse Mortgage are categorized as a loan and do not contribute to your taxable income, ensuring the preservation of your old age benefits.
If you're aged 55 or older and own a home, this presents an opportunity to access up to 55% of your home's value in tax-free cash. HomeEquity Bank offers flexible options, whether you prefer a lump sum or monthly payments. It's a strategic way to enhance your retirement income.
Contact us: 1-866-758-2447
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If you're aged 55 or older and own a home, this presents an opportunity to access up to 55% of your home's value in tax-free cash. HomeEquity Bank offers flexible options, whether you prefer a lump sum or monthly payments. It's a strategic way to enhance your retirement income.
Contact us: 1-866-758-2447
Follow us on-
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