Canadian Utilities (TSX) has long been a favored option for conservative investors, thanks to its steady dividend payouts and stable performance. However, recent developments suggest that it may not be the optimal choice for those seeking growth. With rising interest rates and increased competition in the utility sector, CU’s growth prospects appear more constrained. The … Read more
Investing in stocks that have recently dipped but still show a positive trend year-to-date can be like finding a hidden gem on sale. Such stocks may have faced short-term challenges, causing their recent decline, but the overall positive performance for the year suggests resilience and potential for a rebound. This situation is akin to catching … Read more
A Tax-Free Savings Account (TFSA) is an excellent tool for growing your investments without worrying about taxes on gains. Whether you’re interested in stocks, bonds, exchange-traded funds (ETFs), or mutual funds, a TFSA provides the flexibility to create a balanced and diversified portfolio tailored to your financial goals. In this article, we’ll explore some of … Read more
Your Tax-Free Savings Account (TFSA) is a powerful tool for building wealth, particularly when it comes to housing income-generating assets. One of the key advantages of a TFSA is that any dividends you receive are entirely tax-free. This feature makes the TFSA an ideal place to create a secondary stream of passive income, whether you’re … Read more
The most effective and straightforward approach to becoming a successful investor is to identify the highest-quality stocks on the TSX and commit to holding them for the long term. By choosing top-performing stocks in Canada, your portfolio can benefit from the stability and growth offered by well-established companies. These elite stocks typically have strong financials, … Read more
Even a modest investment of $1,000 can significantly impact your financial future, thanks to the power of compounding. Imagine placing $1,000 into a diversified stock portfolio with an average annual return of 7%. After 20 years, that initial $1,000 would grow to approximately $3,870! The beauty of compounding is that it not only grows your … Read more
Top Canadian dividend stocks have consistently provided a reliable stream of passive income, even during times of market instability. Companies such as Bank of Montreal, Scotiabank, and Toronto-Dominion Bank have a long history of paying dividends, with over a century of consistent payouts, underscoring their resilience and dedication to shareholders. Additionally, stocks like Fortis, Enbridge, … Read more
“Discover the best ways to make money online in Canada! Learn how to earn extra income from the comfort of your own home with our expert guide. From freelancing and online surveys to affiliate marketing and e-commerce, we’ll show you the top opportunities to make money online in Canada. Start building your online income today … Read more
When it comes to tax-sheltered accounts in Canada, the First Home Savings Account (FHSA) stands out as one of the most powerful options available. Combining the tax benefits of both the Registered Retirement Savings Plan (RRSP) and the Tax-Free Savings Account (TFSA), the FHSA offers a tax break on contributions and tax-free withdrawals. The catch? … Read more
Oil and gas stocks play a significant role in the Canadian stock market, especially on the TSX. As of 2023, the energy sector, dominated by oil and gas companies, makes up about 15-20% of the TSX. Over the past decade, these stocks have seen considerable volatility, with annual returns ranging from a 30% decline during … Read more