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Stock impact report

Transform Your TFSA Into a Cash-Gushing Machine With Just $20,000 [Yahoo! Finance Canada]

Bank Nova Scotia Halifax Pfd 3 Ordinary Shares (BNS) 
Last bank nova scotia halifax pfd 3 ordinary shares earnings: 2/25 05:30 am Check Earnings Report
Canadians looking to build wealth have a powerful tool sitting right in front of them: the Tax-Free Savings Account (TFSA). While many people park their TFSA contributions in low-yielding savings accounts, savvy investors use this registered account differently. Canadians should buy and hold dividend stocks that pay regular cash distributions, while allowing their principal to grow over time. Every dollar of dividend income earned inside your TFSA is yours to keep. And if you pick the right stocks, those dividends tend to grow year after year. The math works in your favour. A well-constructed portfolio of quality dividend payers can generate a 4% to 5% yield today. On a $20,000 investment, that's between $800 and $1,000 in annual passive income to start, with room to grow as companies raise their payouts. The trick is finding businesses with staying power, companies that print cash regardless of what's happening in the broader economy. Two Canadian stalwarts stand out: goeasy Show less Read more
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