The Tax-Free Savings Account (TFSA) is one of the most powerful tools a Canadian can use to maximize long-term investment wealth creation. When a stock is purchased inside a TFSA, all income (capital gains, interest, and dividends) is tax-free. The TFSA is an investor’s best friend That means you keep all your gains inside the…
Image source: Getty Images Exchange-traded funds (ETFs) continue to be a preferred investment vehicle for many investors looking for exposure to the market. Whether an investor is looking to actively pick individual stocks or simply own the market, there’s a place in every investor’s portfolio for ETFs. These funds can allow investors to build a…
Fortis (TSX:FTS) has long been a staple in retirement and income-focused portfolios, known for its reliable performance and increasing dividends over the past 50 years. This impressive track record has earned it a reputation as a dependable blue-chip stock. But where could Fortis stock be in the next five years? Let’s break down its current…
Bombardier (TSX:BBD.B) has had quite a journey over the past few years. The once-struggling aerospace company has undergone a major transformation, shedding its commercial aviation and rail divisions to focus solely on business jets. This shift appears to be paying off, with the company reporting steady revenue growth and improved profitability. So, let’s see if…
Companies that consistently raise their dividends will be financially stable and enjoy healthy cash flows from their solid underlying businesses even during a challenging macro environment. These companies would help you earn a stable passive income and strengthen your portfolios. Against this backdrop, let’s look at my three top picks that have raised their dividends…
The first contribution limit of the Tax-Free Savings Account was $5,000. Fast-forward to the present, and the total cumulative contribution room for anyone eligible since 2009 but who has never contributed has ballooned to $109,000. The TFSA is a fantastic account because it begins your journey to real wealth when you use it to save…
While the broader markets are trading close to all-time highs, one Canadian dividend stock has underperformed in recent years. Down over 20% from record levels, Toronto-Dominion Bank (TSX:TD) is wrestling with a slew of regulatory and industry-related issues. The Canadian bank faces a US$3 billion settlement with U.S. regulators over anti-money laundering violations, leading to…
In 2025, there are three big changes coming to the Canada Pension Plan (CPP) and Old Age Security (OAS) that all Canadians need to know about. These changes impact how much those still paying into CPP will eventually get when they draw it, as well as the amounts that current beneficiaries receive. So, all Canadian…
Retirement is the longest and biggest investment one makes. Saving up for your dream retirement may or may not become a reality, as several factors can affect your retirement pool. A family emergency might require you to withdraw money from the retirement pool. Only when your present is safe can you secure your future. A…
Canada’s transportation sector is expected to grow steadily through 2030. According to a research report from Grand View Research, Canada’s logistics market is forecast to grow to $473.7 billion by 2030, indicating a compounded annual growth rate of 7.5%. Several other subsectors, such as warehousing, freight, and distribution, are also poised to expand in the…