The TFSA (Tax-Free Savings Account) can become an engine of dividend income if you design it that way. When you pay no tax on your income, you can significantly increase the income you keep. It really simplifies your investment process. With the TFSA, there is no reporting of income either when you earn it or…
Whether you are retired, near retirement, or just tired of working, dividend stocks can help supplement or even replace your employment income. In fact, many Canadian investors have slowly and steadily built dividend-producing portfolios that far exceed their regular income. If you are looking for a place to start, here are three stocks that provide…
Despite Canadian and American stock indices trading near all-time highs, there are signs a recession is nearing. The real estate market is cooling, unemployment is rising, and business investments have declined. If you are worried about a recession in Canada, some quality stocks should remain resilient. Here are four kinds of stock investments to consider…
You don’t need to be a millionaire to collect monthly passive income from real estate investments. In fact, investing in real estate is more accessible than ever when you buy a publicly traded real estate investment trust (REIT). REITs can be a superior way to invest in real estate REITs are attractive investments for a…
Image source: Getty Images The economic and political environment is a little crazy right now. It doesn’t hurt to add some low-risk stocks that pay stable dividends. If you are looking for some passive-income investments to add to your portfolio, here are four to buy today. An energy stock with 25 years of dividend increases…
Canadians get to add an additional $7,000 to the TFSA (Tax-Free Savings Account) in 2025. That is an extra $7,000 that can be used to generate passive income with zero tax consequence. Inside the TFSA, you don’t pay tax when you sell your investments or collect dividends. You don’t pay tax when you withdraw from…
Interest rates are coming down and Canada’s many dividend stocks are on the rise. This dynamic is a big reason for the 17% rise on the TSX Index in 2024 so far. Returns from Guaranteed Investment Certificates (GICs) and money market funds no longer look attractive, so stocks are the place for passive income again….
Canadian real estate investment trust (REITs) stocks are a great place to collect monthly passive income. REITs collect rents monthly. To maintain their REIT status on a tax basis, they must also distribute most of their rental income to unit holders. REITs are ideal platforms for earning monthly passive income As a result, REITs are…
Image source: Getty Images The Bank of Canada (BOC) just initiated the first rate cut, and G7 central banks are watching in awe. In a press conference on June 5, 2024, BOC Governor Tiff Macklem said, “If inflation continues to ease, and our confidence that inflation is headed sustainably to the 2% target continues to…