"Inheritance money" refers to the sum of money that an individual receives from a family member or loved one who has passed away. It is usually given as part of their will, and the person receiving the money is called an heir. Full definition
For many investors, setting aside inheritance money for their heirs and loved ones is a natural part of retirement planning. (tsinetwork.ca)
RRSP inheritance money is taxed at the source by the deceased's estate, not the by the beneficiary. (moneysense.ca)
This week we have questions about moving up to a larger house with an uncertain future, and putting away inheritance money till your ready to buy a home. (shoprate.com)