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Stock impact report

TFSA: 3 Canadian Dividend Stocks to Buy and Hold for Decades [Yahoo! Finance Canada]

Brookfield Renewable Corporation Class A Subordinate Voting Shares (BEPC) 
Since taxes can be a significant drag on the long-term performance of your investments, the Tax-Free Savings Account (TFSA) is easily one of the most powerful investing tools that Canadians have, especially when you use it to buy high-quality dividend stocks you plan to hold for decades. Saving on taxes each year is important, but the effects start to add up significantly over the long haul as your wealth is compounding So, when you buy high-quality dividend stocks inside a TFSA and every dollar you're earning from both dividends and capital gains is tax-free, and when those returns are constantly reinvested, that tax-free compounding adds up significantly over the decades. That's why the focus in a TFSA should always be on high-quality businesses that are reliable, consistently expanding their operations, and have the ability to generate significant cash flow. So, if you're a long-term investor looking for reliable, high-quality Canadian dividend stocks to buy in your TFSA, Show less Read more
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