Paying no tax on my dividends in Canada
Back again with another update of my Canadian Dividend Portfolio! I'm investing in Canadian dividend paying stocks, on the TSX. In this video, I add around $400 into three positions. One company is in Consumer Staples and the other two are REITs. So far, I'm only buying Canadian dividend paying stocks in my TFSA, to avoid tax complications from international holdings. I'll use my RRSP and unregistered accounts later, but for now I'm trying to keep my taxes as simple as possible on my dividend paying stocks.
If you are Canadian and want to start buying dividend stocks, Wealthsimple Trade is a really easy and convenient way to start putting aside some money. You can even buy one stock at a time for just a few dollars. If you have $100 to invest, you can use the above link, and they’ll add $10 your account as a bonus. Immediate 10% ROI... not bad! If you already signed up for Wealthsimple Trade, you can still claim the $10 with this code: BL5OIW
Disclaimer: I am not a financial professional or advisor. Nothing on this website or the associated social media accounts constitutes financial advice. I'm just documenting my own investing journey and don't suggest that you do the same. Investing is risky, so make your own decisions or hire a qualified professional make them for you.
I'm documenting the growth of a Canadian dividend investing portfolio and make videos about dividend investing, Canadian stocks, Wealthsimple Trade, Google Sheets, personal finance, and passive income.