The federal government introduced the Tax-Free Savings Account (TFSA) in 2009 to reinforce the Registered Retirement Savings Plan (RRSP). However, unlike the RRSP, Canadians of all income levels, or even those without proof of income, can open a TFSA. The after-tax dollar contributions are not tax-deductible, although investment income, capital gains, and interest earned within…
Job-hopping isn’t just a Gen Z stereotype anymore. According to a new CVwizard study, a staggering 66% of Gen Z and 65% of Millennials are planning to change jobs in 2025. It’s not just about the money, though 35% said salary is their top motivator. Job security is just as important, with 20% citing it…
With interest rates still high and volatility in the market, more Canadians are looking for steady income they can count on. That’s especially true heading into the second half of 2025, as consumer concerns about inflation, job security, and recession risks continue to climb. With that in mind, it makes sense to highlight four dividend…
New Canadian investors should have at least a handful of robust dividend payers at the core of their TFSAs (Tax-Free Savings Accounts). Undoubtedly, income and dividend investing may be a bit more appealing to older investors near retirement who actually need the passive income supplement. But for new and young investors, I’d argue there’s also…
When the stock market gets bumpy, most investors find themselves looking for safe ground. Some rush to cash, others hide in gold. But for Canadians who want income, stability, and long-term growth, our biggest banks tend to be the go-to move. Not only have these proven to weather economic storms, but they also tend to…
Market corrections can feel nerve-wracking. Red numbers, falling valuations, and talk of recession can unsettle even seasoned investors. But for those focused on the long game, corrections are often moments of opportunity. When stock prices fall across the board, high-quality companies with strong fundamentals and reliable dividend histories often get unfairly punished, allowing investors to…
On the lookout for a way to generate passive income while tapping into the strength of Canada’s banking sector? The BMO Covered Call Canadian Banks ETF (TSX:ZWB) might just be your ticket to financial freedom. This exchange-traded fund (ETF) offers investors a unique blend of high dividend yields and potential capital appreciation. All wrapped up…
Image source: Getty Images Over the past year, both Manulife Financial (TSX:MFC) and Canadian Imperial Bank of Commerce (TSX:CM) have posted impressive returns of around 55%. While these gains are certainly exciting, investors should keep in mind that such high returns are unlikely to repeat in the near future. So, which stock is the better…
Now that the last few months of 2024 are within sight, many investors are looking towards their 2025 portfolios. That’s a shame because I’m looking to buy two stocks in the next few weeks, and you should, too. Let’s start with a great overall pick While I am looking to buy two stocks within the…
Image source: Getty Images Market sentiment on dividend stocks started to shift last fall from selling on fears of higher interest rates to bargain hunting based on anticipation of rate cuts in 2024. The Bank of Canada has already reduced interest rates twice, and more cuts are expected. The U.S. Federal Reserve could start cutting…