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.
A successful dividend stock investing strategy includes growth stocks plus value stocks that have a history of making dividend payments to investors
A dividend stock investing strategy is an important contributor to your long-term portfolio gains, and dividend-paying stocks tend to expose you to less risk… Read More
Investors interested in dividends should only buy the highest-yielding Canadian dividend stocks if they meet certain 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
Are stocks with high dividend yields the most prized finds or bad investments in disguise?
Stocks with a high dividend yield are a key part of a successful portfolio—but at the same time, they can give investors a false sense of security. That’s because some investors… 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.
One big advantage of index funds when weighing dividend vs index investing is that they can help you avoid the… Read More
In choosing dividend investing vs value investing, it’s important to recognize that both can lead to favourable returns
To decide between dividend investing vs value investing, investors must first distinguish between the two. The best dividend stocks respond to tough economic times by doing their best to maintain,… Read More
Investing in Canadian blue chip dividend stocks is a key step in building a successful portfolio. But to find the best of them, you’ll need to look for these key traits—including hidden assets
A company with a long-term record of paying dividends is generally one that… Read More
Dividend investing in Canada is a great profit-spinning strategy, especially if you factor in the Canadian dividend tax credit
If you include top-quality dividend stocks in your portfolio, the income they provide can make up a significant percentage of your total return—as much as a third… Read More
The best Canadian dividend stock picks include those with a long history of dividends, often a recent dividend increase, and a commitment by management to keep offering an attractive dividend
One key feature of the best Canadian dividend stock picks is that they are maintaining or… Read More
When comparing penny stocks vs blue chip stocks, only one provides value and consistency. Here’s how to evaluate them and maximize your investment returns.
Penny stocks are generally riskier than other investments, and early success can (paradoxically) lead to big losses. On the other hand, blue… 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
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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