MoneyPassive income 101: 3 stocks for a TFSA dividend fund

19:35  09 may  2019
19:35  09 may  2019 Source:   fool.com

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These are the Top 3 Best Dividend Stocks in Canada to give you consistent and reliable passive income in 2020 and beyond. These three stocks pay out a

My second passive income is owning Dividend Growth Stocks First, Dividend Yield. It is just like the interest you are receiving from your savings account . Two main considerations before you invest in Dividend Growth Stocks . #1: It indicates the minimum rate of return you can expect to earn on your

Passive income 101: 3 stocks for a TFSA dividend fund© Provided by The Motley Fool, Inc Piggy bank next to a financial report

Canadians are searching for ways to put more money in their pockets without having to work extra hours or, even worse, get a second job.

One popular option is to buy quality dividend stocks inside a Tax-Free Savings Account (TFSA). The beauty of the TFSA is that all of the income earned on the investments is yours to keep. That’s correct; the tax authorities can’t touch your TFSA income, dividends, or capital gains!

In addition, the TFSA income is not considered when the government calculates possible clawbacks. This is always a concern for seniors, but could also have an impact on families who receive child care benefits or subsidized daycare that is determined by family income levels.

First-timers can use both their RRSP and TFSA to buy a home

First-timers can use both their RRSP and TFSA to buy a home Last week my friend and long-time Alberta-based journalist, Mario, rang me up to discuss what’s better for a first-time homebuyer; using their RRSPs or their TFSAs. 

Mentioned + Relevant Videos 2 Canadian Dividend Stocks To Buy Now (SRU.un) - https Over the past 11 years, I've built three multiple 7-figure businesses and in 2017 I sold my one of my businesses for a 7-figure exit. Today, I am a full time stock market investor, researcher and trader.

If we're building out our TFSA , RRSP or even a cash account to provide passive income for years to come, financial stocks pay some of the best These are some of the top Canadian dividend stocks in the country and all of these stocks have safe payout ratios that should be able to withstand this

Let’s take a look at three TSX Index stocks that might be interesting picks to launch your passive-income portfolio.


TC Energy is the new name for TransCanada. The company decide to make the change to better reflect the overall business. TC Energy is a major player in the North American energy infrastructure sector with oil, gas, and gas liquids assets located in Canada, the United States, and Mexico. Gas storage and power generation are also part of the mix.

The company just reported strong results for Q1 2019. Net income came in at $1 billion, or $1.09 per share, compared to $987 million, or $1.07 per share, in the same period last year.

TC Energy has $30 billion in secured developments lined up with $7 billion scheduled for completion in 2019. As new assets go into service cash flow should increase to support steady dividend growth.

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(Aristocrat Passive Growth). 12 068 просмотров 12 тыс. просмотров. Canadian Dividend Aristocrats are companies that have maintained steady dividend increases for a minimum of 5 consecutive years, with no more than 2 TFSA Contribution 2020 - Tax Free Compound Interest!

How Withholding Taxes WORK in TFSA , RRSP and Cash Accounts ! Best Stocks For Building Passive Income In Canada. Brandon Beavis Investing.

The current quarterly payout of $0.75 per share provides a yield of 4.75%.

Toronto Dominion Bank (TSX:TD)(NYSE:TD)

TD generated $12 billion in adjusted net income in fiscal 2018. That’s an impressive sum, and investors should see the company continue to grow earnings per share by about 7-10% on an annualized basis over the medium term.

TD’s large U.S. operations provide investors with a great way to get exposure to the American economy through a top Canadian company. The U.S. unemployment rate is now at a 50-year low.

TD has a compound annual dividend growth rate of better than 11% and the current payout provides a 3.9% yield.


BCE is a giant in the Canadian communications sector with world-class wireless and wireline networks, providing homeowners and businesses with mobile, internet, and TV services.

The company also has a large media division and is ramping up its presence in other areas, including home security.

A top buy-and-hold stock for TFSA investors

A top buy-and-hold stock for TFSA investors Here is what makes Telus Corporation (TSX:T)(NYSE:TU) an ideal stock for your TFSA portfolio.

As I continued to fund my investment accounts namely, RRSP (Registered Retirement Savings Plan) and TFSA ( Tax Free Savings Account ), I I will share my Wealthsimple dashboard and will review Wealthsimple stock market investing portfolio of ,000 in funds . Wealthsimple is all about Investing

BEST CANADIAN ETFs FOR DIVIDENDS | TFSA Passive Income 2020. Best Stocks For Building Passive Income In Canada.

BCE is targeting 2019 free cash flow growth of 7-10% and pays a generous dividend. Investors who buy today can secure a yield of 5.3%.

The bottom line

TC Energy, TD, and BCE are industry leaders with strong track records of dividend growth. All three should be attractive picks to start a balanced TFSA passive-income portfolio today.

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More reading

  • TFSA Investors: A Top Dividend Growth Stock to Buy Today
  • Dividends for Life: 3 “Forever Assets” to Provide $999 in TFSA Income
  • 2 Overlooked Dividend Stocks for a New TFSA Investor
  • Big Bank Showdown: Toronto-Dominion Bank (TSX:TD) vs. Royal Bank of Canada (TSX:RY)
  • Why TransCanada’s Name Change Could Be a Big Move for the Stock

Fool contributor Andrew Walker owns shares of BCE.

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