The TFSA (Tax-Free Savings Account) is a perfect place to earn and collect income from stocks. There is no other avenue where you can earn regular passive income without any tax consequences. The less tax you pay, the more cash you keep. Why not earn that passive income monthly? Canada has a ton of stocks…
The TFSA (Tax-Free Savings Account) is a Canadian investor’s best friend when it comes to building a portfolio that generates sustainable income from dividends. Inside the TFSA, no income is taxed. That can save an investor as much as 10-20% (depending on their tax bracket every year). If you are looking to build a cash…
On Wednesday, the Bank of Canada (BoC) cut its benchmark interest rate by 0.25% to 2.5%, marking another step in its cautious stance amid signs of economic weakness. With second-quarter data showing contraction and a softening job market, economists expect at least one more 0.25% cut — potentially in October or December, according to Reuters….
Monthly paying dividend stocks are ideal for investors looking for consistent passive income in this low-interest-rate environment. Therefore, let’s look at three Canadian companies that offer monthly payouts with dividend yields over 5%. Northland Power Northland Power (TSX:NPI) has an economic interest in several power-producing facilities, with a combined capacity of 3.5 gigawatts. It sells…
Dividend stocks are a must for any balanced portfolio, as these companies provide consistent payouts and stabilize your portfolio. Given their regular payouts, these companies are less prone to broader market fluctuations. Additionally, investors can reinvest these regular dividend payouts to earn superior returns. Meanwhile, dividend stocks have also historically outperformed non-dividend-paying stocks. Against this…
The Tax-Free Savings Account, or TFSA, has been providing investors with tax-free gains and income since 2009. In this time frame, the cumulative contribution limit has increased to $102,000. This means that there a lot of tax-savings to be had. So, wherever you are on your TFSA journey, I would recommend maxing out on this…
If I had $7,000 of tax-free contribution room in my Tax-Free Savings Account (TFSA), I wouldn’t hesitate: I’d put it all into Northland Power (TSX:NPI). With a high yield, reliable income, and major growth catalysts on the horizon, this renewable utility stock could be an ideal long-term TFSA holding — especially for investors looking to…
Turning $25,000 into $250,000 may sound like a stretch, but for long-term investors focused on monthly dividends and steady reinvestment, it’s very possible. It doesn’t require picking high-risk stocks or gambling on fast gains. Instead, it takes three simple ingredients: solid dividend payers, time, and consistency. By investing in stocks like Dream Industrial REIT (TSX:DIR.UN),…
Canadian investors have had plenty to cheer about in recent months. The S&P/TSX Composite Index is up more than 10% since June and is now trading just shy of 20% on the year. But with the market at all-time highs today, is now really a good time to be investing? It’s a fair question. For…
Renewable energy in Canada is booming, with more focus than ever on sustainability and clean power sources like wind, solar, and hydro. It’s a fantastic opportunity for investors looking to tap into the green revolution! However, not all companies in the sector are created equal. Some are trailblazers with strong growth potential, while others may…