Canadian dividend stocks are publicly traded Canadian stocks that pay a dividend. And at TSI Network, we think Canadian dividend stocks are some of the best shares you can own.
Dividend stocks from Canada have added appeal because their dividends receive special tax benefits—U.S. dividends are not eligible for these tax benefits.
Canadian taxpayers who hold Canadian dividend stocks are eligible for the dividend tax credit. This means that dividend income will be taxed at a lower rate than the same amount of interest income (investors in the highest tax bracket pay tax of around 23% on dividends, compared to 50% on interest income—investors in the higher tax bracket pay tax on capital gains at a rate of 25%.)
But we caution investors to be wary of a Canadian dividend stock that has an unusually high dividend yield. This could be a sign of share-price volatility and also an indication of a yield that is not sustainable—in other words, investors may be anticipating a dividend cut. As well, look for a history of dividends before investing in a stock.
All in all, we think Canadian dividend shares are some of the best stocks you can own. And to build a strong portfolio with the best chance of gains, we recommend using our three-part Successful Investor philosophy for long-term investing:
Invest mainly in well-established companies;
Spread your money out across most if not all of the five main economic sectors (Manufacturing & Industry; Resources & Commodities; the Consumer sector; Finance; Utilities);
Downplay or avoid stocks in the broker/media limelight.
Knowing the ins and outs of the dividend calendar is an important part of dividend investing
Dividend stocks are an essential part of a good conservative investing philosophy. But there are certain details you should know about the way dividends are paid out. One of the… Read More
We’ve long recommended that most Canadian investors own two or more of the Big Five Canadian bank stocks—Bank of Nova Scotia, Bank of Montreal, CIBC, TD Bank and Royal Bank. Simply put, they are some of the best stocks for dividends
Banks remain key lower-risk investments… Read More
Take into account various options when you consider dividend vs index investing: Not all index investments are equal, and dividends are a true sign of investment quality.
Let’s start with the advantages of Canadian index funds
One big advantage of index funds when weighing dividend vs index investing… Read More
Here are 5 Canadian dividend stocks we recommend holding in your portfolio during and after COVID-19
One of the key points in our three-part investment advice is to invest mainly in well-established dividend-paying stocks. The COVID-19 pandemic and the downturn it spurred in March 2020 highlight… Read More
Some of the highest dividend-paying stocks on the market can be unexpectedly risky
The best Canadian dividend stocks respond to tough economic times by doing their best to maintain, or even increase, their payouts. That may or may not make them the highest dividend-paying stocks.
The best TFSA investments provide you with tax advantages, but last year’s COVID-19 market downturn still highlights the need to pick your investments wisely; indeed, not all of your top picks belong in this increasingly popular investment account
Tax-free savings accounts (TFSAs) let you earn investment… Read More
Look for companies with a strong hold on their market, a history of sustainable dividends, and more when trying to find the best Canadian blue-chip stocks that pay high dividends
Top-quality stocks tend to lose less of their value with the kind of severe downturn that… Read More
Looking for Canadian blue-chip stocks that pay high dividends? First, what makes a blue-chip stock.
Start by looking for strong companies, a history of dividends and reliable yields when looking for the best blue-chip stocks with high dividends.
The best blue-chips offer both capital gains potential and… Read More
Here’s what you need to know to answer the question, “How are dividends taxed in Canada?”
How are dividends taxed in Canada? Taxpayers who hold Canadian dividend-paying stocks can be eligible for the dividend tax credit in Canada. This means that dividend income will be taxed… Read More
Investors interested in dividends should only buy the highest-yielding Canadian dividend stocks if they meet these criteria—and don’t have these risk factors
Dividend yield is the percentage you get when you divide a company’s current yearly payment by its share price.
The best of the highest-yielding Canadian… Read More
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