It's awesome to see other Canadians that know about the tax advantages of eligible dividends! Great video explain the basics. Rental income is also nice, but man do the extra taxes eat up the total return... same goes for capital gains when you sell an investment property.
Definitely it eats it up but I will do a video on what the return on time and return on investment is so that people go in real estate investing with eyes wide open and might be pleasantly surprised.
@@FinancialNirvanaMama That's great! The way I look at it, I invest in rental real estate for the long haul, so I will never sell. I will pass it on to my son, and hopefully he will never sell either, allowing the property to create cash flow each and every month. Also, in the US we can do a 1031 exchange, if we don't like one property, and want to get into another. I don't know if you have anything like that in Canada? 😎🏆
Not a fan of REITs as they don't have as much growth when compared to other dividend stocks especially banking stocks. Your dividend yield on cost would be greater in stocks like TD, BMO and RY instead of REITs. However, a small position in a REIT could be a good way to diversify.
Hi Ashton Vs. Market! If I invest in a REIT, I pretty much treat it as a stock. If I want to invest in real estate, I buy a physical property and rent it out. 😎🏆
Please, if you are retired and your federal and provincial personal exemption is used up interest or other income, how much can you make on top in dividends tax free?
Fortis is projected to double their dividend in 12 years not 10. REITs (pronounced as reat) shouldn't be more than 5 or 10% of portfolio. They have a lot of debt, and the sectors fall in and out of favor. Nobody wants offices or malls. Going 100% Canadian dividends in non registered account is not advisable. Simply not diversified enough. Canada doesn't have drug companies, and we don't make anything besides Bombardier. And most people don't have 1 million in non registered accounts after our RRSP and TFSA contributions. You are a smart woman. You have an obligation to tell the whole story.
Yes, Canadian dividends and REITs is not diversification. And compounding to 1M after your RRSP and TFSA contributions takes a long time, especially with TSX dogs.
Hi Tracy, thanks for the video! The last part I got a bit confused. For the $100k tax free, that has to be in a non-registered account? Why can't it be in a TFSA? Thank you!
It can be for sure. I just pointed another method that’s all, so add the tfsa and Canadian dividend tax credit and your golden! But caveat is no other income sources otherwise there will be some taxes..
Hi there, I’m a 28 y/o male who recently started investing in ETFs. I really like HDIV, HYLD, Canoe EIT, ZWB, ZWU, FIE. I just have a general question (as there is one looming around the corner) and that would be how do these do during bad market times? Ie: how does the dividend get paid? I am holding a certain amount of capital to DCA on these ETFs when that time comes, I just thought I’d ask if it’s something I should continue worrying about. Thank you so much for your time!
I see that you have a few high yield etfs. Those are built for income investors and given your young age, you will be losing out on a lot of growth as they are built for people in retirement who need income now. The high yield dividends may not always pay out in bad times if it’s bad.
@@FinancialNirvanaMama Thank you, I talked to my mother's advisor she said basically the same thing, so I sold and moved into growth, one good individual from each sector and a few growth etfs.
Hi! Your video was very good! I have a question. How did you arrive at the 81500 nunber for tfsa? As far as I can see I only have 6000 available for this year. I became a canadian permanent resident last year. So I have 6K (for 2021) + 6K (for 2022). But I did not understand the 81500 number. Please do answer, I would be much obliged :)
Hi, the 81500 is based on when the TFSA started. Since you are a new resident, I’m not sure how this impacts you. I’m born in Canada and tfsa started in 2009 and it accumulates in contribution room since 2009, and when you add it up, it’s 81500 as total room I can contribute.
she is getting her numbers from the fact that The tfsa was created in 2009 so anyone who was 18 years of age, or in your case a Canadian resident, was eligible to start investing within a tfsa from that day on until it is maxed out. each year there is addition contribution room added, so from inception in 2009 to today there is a total contribution room of $81000. going forward from there a person only becomes eligible on the year they turn 18 or again in your case when they become a Canadian resident. The annual contribution room varies every year, It has been at $6000 for 2021 and $6000 for 2022 which is where you get you numbers from. i hope this helps you. bless you and welcome to Canada.
Hi Tracy, I have tried downloading your free resources but I haven't been able to get them in my email for some reasons. Can you please check and let me know. Thank you :)
Watched and liked, thanks Tracy! Video jumps in and out slightly. Maybe turn off auto-focus? What % of your portfolio is dividend based? Is a majority of your stock portfolio still Tesla?
Ya, thanks for the heads up. I need to do try out turn off auto focus. I’m 50 percent or so Canadian stocks/dividend based and other is growth with a chunk in tesla
It's awesome to see other Canadians that know about the tax advantages of eligible dividends! Great video explain the basics. Rental income is also nice, but man do the extra taxes eat up the total return... same goes for capital gains when you sell an investment property.
Definitely it eats it up but I will do a video on what the return on time and return on investment is so that people go in real estate investing with eyes wide open and might be pleasantly surprised.
@@FinancialNirvanaMama That's great! The way I look at it, I invest in rental real estate for the long haul, so I will never sell. I will pass it on to my son, and hopefully he will never sell either, allowing the property to create cash flow each and every month. Also, in the US we can do a 1031 exchange, if we don't like one property, and want to get into another. I don't know if you have anything like that in Canada? 😎🏆
TFSA is up to 95k now. 81.5k was the 2022 number 88k 2023, 95k 2024.
Ok thanks
Great video and insight! We are working on putting all of our real estate holdings into a corp and solely living off our dividend portfolio.
Nice! Awesome work
Great time to jump in on TD!!
Truly best insight as a Canadian investor. Keep it coming
Thanks!
Not a fan of REITs as they don't have as much growth when compared to other dividend stocks especially banking stocks. Your dividend yield on cost would be greater in stocks like TD, BMO and RY instead of REITs. However, a small position in a REIT could be a good way to diversify.
Hi Ashton Vs. Market! If I invest in a REIT, I pretty much treat it as a stock. If I want to invest in real estate, I buy a physical property and rent it out. 😎🏆
Hi Financial Nirvana Mama! I'm a recent investor in dividend stocks (
Thanks for sharing!!
@@FinancialNirvanaMama If you're like me, I appreciate each and every one! 😎🏆
Please, if you are retired and your federal and provincial personal exemption is used up interest or other income, how much can you make on top in dividends tax free?
I say, check wealthsimple tax calculator to simulate your scenario. www.wealthsimple.com/en-ca/tool/tax-calculator
Would ETF’s qualify ?
Amazing info very useful thank you 😊 i subscribed !!
Great video btw
How to learn fully from you ?
Fortis is projected to double their dividend in 12 years not 10. REITs (pronounced as reat) shouldn't be more than 5 or 10% of portfolio. They have a lot of debt, and the sectors fall in and out of favor. Nobody wants offices or malls. Going 100% Canadian dividends in non registered account is not advisable. Simply not diversified enough. Canada doesn't have drug companies, and we don't make anything besides Bombardier. And most people don't have 1 million in non registered accounts after our RRSP and TFSA contributions. You are a smart woman. You have an obligation to tell the whole story.
Diversification is key. 1 M takes time to build up, if you start young, it can compound to 1 M without needing 1 M.
Yes, Canadian dividends and REITs is not diversification. And compounding to 1M after your RRSP and TFSA contributions takes a long time, especially with TSX dogs.
Hi Tracy, thanks for the video! The last part I got a bit confused. For the $100k tax free, that has to be in a non-registered account? Why can't it be in a TFSA? Thank you!
It can be for sure. I just pointed another method that’s all, so add the tfsa and Canadian dividend tax credit and your golden! But caveat is no other income sources otherwise there will be some taxes..
for high earner CG is more favor
I realized that Wealthsimple don’t support DRIP if invest in dividend stocks/ETFs. Would you suggest to go with Questrade instead?
that's another discount brokerage, it has more features.
Wealthsimple supports drip.
Hi there,
I’m a 28 y/o male who recently started investing in ETFs. I really like HDIV, HYLD, Canoe EIT, ZWB, ZWU, FIE. I just have a general question (as there is one looming around the corner) and that would be how do these do during bad market times? Ie: how does the dividend get paid? I am holding a certain amount of capital to DCA on these ETFs when that time comes, I just thought I’d ask if it’s something I should continue worrying about. Thank you so much for your time!
I see that you have a few high yield etfs. Those are built for income investors and given your young age, you will be losing out on a lot of growth as they are built for people in retirement who need income now. The high yield dividends may not always pay out in bad times if it’s bad.
@@FinancialNirvanaMama Thank you, I talked to my mother's advisor she said basically the same thing, so I sold and moved into growth, one good individual from each sector and a few growth etfs.
Hi! Your video was very good! I have a question. How did you arrive at the 81500 nunber for tfsa? As far as I can see I only have 6000 available for this year. I became a canadian permanent resident last year. So I have 6K (for 2021) + 6K (for 2022). But I did not understand the 81500 number. Please do answer, I would be much obliged :)
Hi, the 81500 is based on when the TFSA started. Since you are a new resident, I’m not sure how this impacts you. I’m born in Canada and tfsa started in 2009 and it accumulates in contribution room since 2009, and when you add it up, it’s 81500 as total room I can contribute.
she is getting her numbers from the fact that The tfsa was created in 2009 so anyone who was 18 years of age, or in your case a Canadian resident, was eligible to start investing within a tfsa from that day on until it is maxed out. each year there is addition contribution room added, so from inception in 2009 to today there is a total contribution room of $81000. going forward from there a person only becomes eligible on the year they turn 18 or again in your case when they become a Canadian resident. The annual contribution room varies every year, It has been at $6000 for 2021 and $6000 for 2022 which is where you get you numbers from. i hope this helps you. bless you and welcome to Canada.
Its not when you become permanent resident,contribution limit adds from the day you are in canada so I believe you have more room to put in tfsa
Hi Tracy, I have tried downloading your free resources but I haven't been able to get them in my email for some reasons. Can you please check and let me know. Thank you :)
800k into one stock yolo
Haha! Pls don’t!
@@FinancialNirvanaMamamaybe you should have mentioned that VDY holds the stocks you want with diversification and a higher yield.
AQN caught me out
Watched and liked, thanks Tracy! Video jumps in and out slightly. Maybe turn off auto-focus? What % of your portfolio is dividend based? Is a majority of your stock portfolio still Tesla?
Ya, thanks for the heads up. I need to do try out turn off auto focus. I’m 50 percent or so Canadian stocks/dividend based and other is growth with a chunk in tesla
Let’s see your updated multimillion dollar portfolio :)
*🔥 Get your Free Ultimate Dividend Growth Guide: bit.ly/2SdwuvZ ⬅⬅
Drink a shot everytime she says CANADA
What type of engineer were you @Financial Nirvana Mama
Environmental engineer
Do you really have any idea of making money.
Mindbuildingsolutions approved!
Excellent video and content.
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