Best DIVIDEND Stocks to DRIP // Easy Dividend Reinvestment in CANADA for Compound Growth

What are the Best DIVIDEND STOCKS to DRIP? What are the EASIEST Stocks to Qualify for a DRIP in Canada? How Can I Unlock Dividend Reinvesting without a lot of Money? How to Grow my Stocks on Autopilot? How to use a DRIP for Exponential Growth?
Today I’m doing a new kind of Stocks video. I’m looking at my Favourite Dividend Stocks that are EASY to Qualify for a DRIP! A Dividend Reinvestment Plan or DRIP allows you to automatically buy EXTRA Shares with your Dividend, rather than receiving cash. This allows your stocks to grow on Autopilot, giving you true Exponential Growth! And it doesn’t take a lot of money to get there! All the stocks in this video can reach a DRIP with less than $2500! 📈
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FREE DIVIDEND DRIP TRACKER EXCEL SHEET: 📊
I use this to track my DRIPs and my Dividends for all of my stocks and ETFs
Download for FREE and you can enter your own numbers in the Excel file =)
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SKIP AHEAD ⏩
-Intro: 0:00
-Warning: 0:44
-DRIP Summary: 1:09
-Manulife (MFC): 2:08
-Questrade: 5:02
-Plaza Retail (PLZ): 5:39
-Membership - My Portfolio: 9:44
-Telus (T): 10:16
-Summary: 13:14
WATCH NEXT ▶️
-How to Buy Stocks on Questrade - kzbin.info/www/bejne/lYeVqnWNrLSNjpY
-Best Canadian REITs - kzbin.info/www/bejne/maTGn3tra550msU
-How Taxes Work in Canada - kzbin.info/www/bejne/fYTLfHWhq5erj5o
-What is a DRIP? Compounding Dividends - kzbin.info/www/bejne/pabciaqXibSZnrc
-Best Dividend Stocks in Canada - kzbin.info/www/bejne/lYalnXlnjKmphNE
-TFSA Explained Investing Tax Free - kzbin.info/www/bejne/n5DFiJlng96ImKc
-RRSP Explained Part 1 - kzbin.info/www/bejne/mHywf5qkgqeGmqc
-How to Build Wealth - kzbin.info/www/bejne/gmKTqJmPoZiSh9U
-REITs Explained Real Estate Investing - kzbin.info/www/bejne/apuTh6iLhq2jeJo
-Norbert’s Gambit - Exchange Currency for Free - kzbin.info/www/bejne/p2e0YpewgJ2pqtU
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DISCLAIMER: I am NOT your financial advisor! My videos and the topics discussed are my opinions and are presented for entertainment purposes only. This information should not be construed as legal or financial advice. It is always up to YOU to do your own due diligence. It’s YOUR money so make YOUR own decision!
I will NEVER ask you to send me money nor will I ever provide my phone number or personal email address. If you see this, that is a fake account and please report any suspicious activity or scam accounts claiming to be me.
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#CanadianInvesting #CanadianDividends #DRIP #DividendReinvestment #CompoundingDividends #StocksOnSale2023 #StocksToBuy2023

[@CanadianTShirt]

Make sure you watch my DRIP EXPLAINED video to illustrate the true POWER of DRIPs in the long term and to see exactly how to set one up with Questrade 👇 kzbin.info/www/bejne/pabciaqXibSZnrc

[@CanadianTShirt]

And to learn more how Dividends work and to see my FAVOURITE Dividend Stocks and ETFs, check out my DIVIDEND INVESTING GUIDE 📈 kzbin.info/aero/PLj8bU3AuW2qHYtTOglGG6dQWeM1avWn9m

[@shellz831]

@@CanadianTShirt wealthsimple now allows DRIP. Auto purchase for any stock.

[@CanadianTShirt]

@@shellz831 Sorry to pick on you but that's incorrect. WealthSimple does not allow DRIPs. You can setup a recurring purchase to buy a stock every week or every month but that isn't a DRIP. If it is a monthly dividend, you could probably setup a monthly purchase of a stock and hopefully the dividend will be enough to cover the cost but again, it will be totally unrelated to your dividend. It will just assume you have cash available so it's not a DRIP

[@shellz831]

@@CanadianTShirt OK,I get you. Because I use my dividend amount (which is enough to purchase 2 stocks)... I setup that amount on auto purchase of the same stocks. This is different from my larger 'dollar-cost-averaging' monthly purchases. Since, there is no commission fees, I don't mind

[@joeyh5325]

@@CanadianTShirt Great Vedio. I have my invest account in TD bank, could I do DRIPs there? or I have to open an account with Questrade? Thanks

[@JC-zs7sv]

This is the best channel for beginner investors in Canada. So many things I learned from your channel, keep it up Adrian.

[@CanadianTShirt]

Thank you so much for those kind words! I really appreciate that! =)

[@MutedxP]

Thanks Adrian! Enrolling in DRIP and cutting my Disney+ has set me on the right path for a comfortable retirement!

[@CanadianTShirt]

Hahaha if government officials are cutting Disney+ to make ends meet, then I guess we should too! 😆

[@CanadianTShirt]

But I'm a massive Star Wars fan, so there's no way I'm cutting Disney+ until the Mandalorian comes out. This is the way 😎

[@espirikii]

You can cut Disney Plus and watch Mandalorian in other ways 🏴‍☠️🏴‍☠️ haahahah

[@PrismEnvy]

Your a hell of a teacher my friend. When I make it big I will give you a generous gift for sure. Fellow Canadian

[@CanadianTShirt]

Thanks buddy I really appreciate that! And in the meantime, just share my videos with a friend or family member and we'll call it even 😉

[@stormtrop4]

Great timing, I'm getting close to my TFSA contribution limit so I can't get any more DRIPs on the bigger stocks. These stocks are definitely helpful for me. Thanks!!

[@CanadianTShirt]

Absolutely! Whenever I have limited TFSA room, my priority is maintaining my existing DRIPs since I won't be able to top them up until next year once I'm maxed out. But if you have a few thousand dollars worth of room, all of these stocks are great options to get some automatic and tax-free compounding =)

[@johnathanpotts4357]

Glad to have dudes like you around for the public, with your information. I've gained my portfolio. Thank you, keep the videos coming.

[@CanadianTShirt]

It's my pleasure my man! I'll always walk the line 😎

[@BasicBodThor]

I love investing in stocks like this. Steady passive income, while you don't stress about the overall share price. If it goes up, great, but I almost look at it as a bonus haha

[@CanadianTShirt]

You got that right! In fact, I usually LOVE it when we see the price go down! That just means that I can buy more at a DISCOUNT, especially if I have a DRIP coming up! 😁

[@mathewn3006]

Hello good sir, great video, I appreciate the content. This is the third dividend video I've watched this evening and this is by far my favorite. I will be checking for more of your videos!

[@CanadianTShirt]

I'm happy to hear that! I have a WHOLE playlist all about dividend so check out my DIVIDEND INVESTING GUIDE! =) kzbin.info/aero/PLj8bU3AuW2qHYtTOglGG6dQWeM1avWn9m

[@aarontitusz8655]

Not the teacher we deserve but the teacher we need. Professor Adrian let’s gooo

[@CanadianTShirt]

hahaha any day I get compared to batman, is a good day 😎

[@camilecanlas]

Sharing it to everyone! 🙏🏻

[@WillNeverforgetmypasswordagain]

Thank you for your time. Your videos are very helpful to those of us who are still learning about investing.

[@CanadianTShirt]

Thank you Will! I'm glad to hear you are finding my videos helpful! 🙂

[@WillNeverforgetmypasswordagain]

@@CanadianTShirt I am. I'm just learning myself, but am also trying to teach my 19 year old daughter so she gets the head start that I didn't. Your videos are very helpful. I thank you again.

[@CanadianTShirt]

@@WillNeverforgetmypasswordagain I LOVE to hear that! I WISH my parents taught me these things at 19! She's going to be at such a financial head start with parents like you! =)

[@SKcanuckfan]

@@WillNeverforgetmypasswordagain I'm teaching my young adult children the same things. Unfortunately the school curriculum in Saskatchewan doesn't teach financial planning. In my opinion, it should be a core subject taught to all students.

[@WillNeverforgetmypasswordagain]

@@SKcanuckfan It should, but it won't. The job of the school system today is to produce good little employees who will go to work and pay their taxes dutifully for 45 years.

[@MrEastsidejamie]

You have the best channel on youtube. No nonsense. Superhelpfull. Helps that I'm canadian too.

[@CanadianTShirt]

Wow! Thank you so much for those kind words, I really do appreciate it! 🙏

[@CanadianTShirt]

And yes I do my best to cut out all the fluff. I hate the idea of wasting anyone's time =)

[@adisonmcgregor9918]

Maybe this is changed in the year since this video was posted but wealth simple does have the drip feature. You can turn it on under automation in your settings. It also allows for fractional shares to be purchased so you don’t need a ton of money invested in order to drip.

[@CanadianTShirt]

It's true! About a year ago, WS finally introduced their DRIP feature and they offer fractional shares =)

[@abhishekjawahirani8366]

Awesome video yet again. Can't miss that shiny plaque

[@CanadianTShirt]

Thanks buddy! It's been a nice and shiny addition to my set! 😁

[@CanadianTShirt]

I also can't miss that badass members badge next to your name 😎

[@yeshuaiskingofkings72]

So GLAD i found you Adrian!!! 💖 Love from Ottawa :)

[@CanadianTShirt]

Thank you so much! I'm glad you found me! 🙏 And I used to live in Ottawa back in the day! Sandy Hill 🙂

[@johnc8591]

Thanks for the hard work and great advice, Adrian. I opened up a Questrade account in mid-2020 using your promo code, and it's excellent. It's so handy to be able to buy even a single ETF at no charge on Questrade, so I'm able to build up savings in a certain sector and once the ETF hits several thousand dollars I'll buy one or two of the underlying stocks (e.g. swap out a banking ETF for shares in TD, RBC etc). It's a nice conservative approach to grow funds from nothing using small but frequent regular purchases of the distribution-paying ETFs to building up capital as an intermediate step before moving into stocks directly.

[@CanadianTShirt]

I'm so happy to hear that I was able to help John! And I'm so glad you started in mid-2020, that was the BEST time to start investing and take advantage of those discounts across the board! =)

[@CanadianTShirt]

And that sound like a great strategy! Regarding bank ETFs, I actually avoid those since those ETFs literally only contain 6 stocks... I prefer ETFs that have at least 30 holdings but ideally over 100. For only 6 stocks, I might as well buy those stocks directly and avoid that annual management fee. But I get in your case, you are doing that to avoid the commission fees. Just something to consider, I agree in occasionally swapping those ETFs for a direct share =)

[@johnc8591]

@@CanadianTShirt Yeah, every time I buy an ETF, I think, "Adrian in a T-shirt wouldn't like this!" 😂

[@CanadianTShirt]

@@johnc8591 oh don't get me wrong, I LOVE ETFs! I just want my ETFs to contain more than 20 stocks 🙂

[@CanadianTShirt]

@@johnc8591 but that is a good motto to have in your mind whenever you make a financial decision: "Adrian in a T-shirt wouldn't like this...." 🤣

[@ColtyT33]

You make my girlfriend drip when we watch your informative videos!

[@CanadianTShirt]

No comment 😅

[@CanadianTShirt]

haha that one made me laugh! 😆 But I am glad that you and your girlfriend have a shared interest in investing! 😁

[@ppcbernier9945]

@@CanadianTShirt yeah they seem to like investing...investing in that ass 😆

[@jeanrichardsonbernard4596]

@@CanadianTShirt😂😂😂

[@caper087]

😂 jeeze

[@nevillejames2200]

Thanks Adrian. Great content and info. I like the variety. Great job

[@CanadianTShirt]

Thank you Neville! I appreciate you watching almost all of my videos! 🙏

[@devujdk]

Signed up for questrade using your affiliated link. Thanks again for this video, just made me realize some stocks are even less than a burger, makes me think twice everytime I take out my card. Thank you 🙏

[@CanadianTShirt]

That's one way to look at it! I always tell people, I don't shop at Apple or Starbucks but I do buy their stock! 😎

[@loosepal]

Could you do a video on Eligible and Non Eligible Dividends , and How they are taxed. Somehow finding this info is a nightmare.

[@CanadianTShirt]

You bet! That video is definitely coming! =)

[@rmcl8834]

Hello Adrien, I have a couple of questions. If investing in DRIP stocks do you have to keep a record or cost basis of the various stock price for tax purposes if in a TFSA ?? Can you suggest the most recent low threshold DRIP stocks that I should consider ?? And when is the deadline for 2023 RRSP contributions ?? Thanks very much, love your informative videos.

[@CanadianTShirt]

For a tax sheltered account like the TFSA, you don't have to track the cost basis since the capital gains are 100% tax free. You don't declare them in your tax return

[@CanadianTShirt]

All of the stocks on this list are still among the easiest DRIPs to qualify for and the RRSP deadline this year is Feb 29, 2024 =)

[@CanadianTShirt]

If this was a non-registered account (Margin account) then yes you have to track the cost basis since that will affect the capital gains you pay when you eventually sell

[@FortunePathVenerable]

Would you get disqualified from the drip when the stock price increase? Or if the dividend amount drop

[@CanadianTShirt]

Yes, the DRIP will only go through if the dividend you receive is greater than or equal to the share price on that day! So if you qualify for a DRIP today but a month later, the share price jumps up, if the dividend can't cover the price of a share, then the DRIP won't go through and you'll just earn cash as usual. That's why I always suggest investing more than the minimum, to give yourself a buffer so that the DRIP goes through even if the share price grows =)

[@FortunePathVenerable]

@@CanadianTShirt thank you for the answer

[@MarcusTor501]

Great video!...I have a question though, why do you keep SRU shares in your RRSP?

[@CanadianTShirt]

Good question! Just because I maxed out my TFSA and I had more RRSP room available! No other reason. Normally I would hold SRU in my TFSA along with the rest of my Canadian REITs =)

[@TheSimpsoys]

I love Plaza. I've been with them right before the pandemic and was able to buy lots of shares for cheap

[@CanadianTShirt]

Great timing! Ya I took advantage of those huge discounts as well! 🔥

[@vladrazym9955]

Thanks a lot! I know that you have covered details in another Drip video, but do I understand correctly that those money from dividents spent on buying more stocks are not taxed?

[@CanadianTShirt]

Unfortunately no! You are STILL taxed on those dividends! It does not matter whether you receive the dividend as cash or reinvest it as a DRIP, it will STILL be taxed! However that's only for a non-registered account like a Margin account. In a tax-sheltered account like the TFSA or RRSP, the dividends are 100% tax-free and so are the DRIPs =)

[@vladrazym9955]

@@CanadianTShirt thanks for clarification! Great video as always

[@CanadianTShirt]

@@vladrazym9955 I'm happy to help! =)

[@nsrobinhood5300]

Great channel been watching for years and now I’m almost a cpa

[@CanadianTShirt]

That's amazing! Thank you for sticking with me throughout your journey! =)

[@mbabcock111]

First of all, great brief Adrian. Convince me I need to DRIP based on below rationale. With the advent of fractional share purchases on Wealthsimple, there really isn't a compelling reason to use a DRIP. I simply reinvest my dividends which now allows me to incrementally benefit from a fluctuating share price. Automated fractional purchasing will likely be an upcoming option for Plus members as Wealthsimple builds out their back end. Note: most of the companies you mentioned are fractional-able on Wealthsimple (exceptions PLZ.UN, HR.UN, CRT.UN, FCR.UN, PMZ.UN, CSH.UN, ZAG, and XRE which is a wrapper for most of the aforementioned REITs). But, I can use an ETF that is fractional-able (eg. ZRE) to buy those REITs that are not fractional-abled as well as a fractional-abled ETF to buy all bond offerings. Recommended next video for you: Explain why you can fractional buy/trade some REITs versus AP.UN, SRU.UN and ZRE which you can. Benefits of $10/mth Plus Wealthsimple Account: - USD accounts; - $0 in FX fees on each US stock or ETF trade from a USD account; - Free USD deposits and withdrawals (for direct USD transfers to/from personal DIY trading accounts only); and - Instant funds deposit up to $5K CAD ($4K USD).

[@Padfoot333]

Caught Manulife on the dip when u recommended it last time 😎

[@CanadianTShirt]

That's what I LOVE to hear! Don't try to time the market but if you happen to buy it at a low point, great! 😎

[@aaronlefler4145]

Hello. Your channel is great! I am not sure what your MARGIN USD and MARGIN CAD stock (AMZN, FB - SHOP, XIC, VCN, BB). I got those values from your excel template. As in the AMAZON stock price today is $92.13. But, in your excel example, you have one share, and it has a value of $3428. And both the AMZN and FB don't have CDN value equivalents. I'm sure I've just missed something in your video.

[@melissadorsey834]

Love this. Do you have a video on how to use your excel spreadsheet?

[@CanadianTShirt]

You got it! I cover my Excel template in detail in this video here, DRIPs Explained =) kzbin.info/www/bejne/pabciaqXibSZnrc

[@melissadorsey834]

@@CanadianTShirt thank you so much. I'm having a lot of fun learning how to manage my portfolio through your videos

[@CanadianTShirt]

@@melissadorsey834 That's what I LOVE to hear! =)

[@Rocco1994]

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!

[@judysargeant6388]

I met you at the Craft and i just love your content wishing you all the best for 2024 and good investing and thank you for all these videos which has given me the confidence to buy shares thank you so much wishing you all the best Judaline

[@CanadianTShirt]

Hi Judy! Sorry I'm not sure what is Craft? Is that a restaurant? To be honest, I don't eat out too much 😆

[@CanadianTShirt]

But thank you for those kind words and I wish you a happy new year as well! Keep investing! 😁

[@marlonrosema3895]

Hello again adrian im here watching your videos!!!

[@CanadianTShirt]

Thank you Marlon! I'm glad you found me! =)

[@rileym7115]

Hey Adrian, love your videos. Quick question for you If I put $40,000 in my tfsa it grows to $100,000 I pull it out. I have then $100,000 of contributing room next year. Do I have a time limit to re contribute that back?

[@CanadianTShirt]

Nope! You will never lose that contribution room! You will ALWAYS have that $100K of contribution room until you put in another $100K to use it up! Plus you will continue to gain $6.5K of new room every year! I cover this in detail in my TFSA MISTAKES video here =) kzbin.info/www/bejne/qWXGc5yYgaaHhbc

[@roberttaylor3594]

I’ll have to check out Plaza. I have the others and use the dividends to buy stocks, almost always from businesses I am already invested in. so my TFSA is sort of one big DRIP with me deciding on the stock.

[@CanadianTShirt]

That's perfect! As long as you are reinvesting your dividends, you're tapping into that exponential growth! I just like using DRIPs to do it entirely on autopilot! =)

[@CanadianTShirt]

Plus if you use a DRIP, you avoid paying any commission fees when you buy that extra share. That can save you up to $10 depending on your broker =)

[@graceucat7418]

I am waiting for this topic. Thanks so much Adrian.

[@CanadianTShirt]

Thank you Grace! I've been wanting to make this video for a while! 🙂

[@tonym46]

Hey there...I was wondering if you share your template as well with your members?

[@CanadianTShirt]

I share it for FREE with EVERYONE! I always include a link in the description box below =)

[@CanadianTShirt]

I'll include the link here as well. Download the Excel file and use it yourself! =) bit.ly/2O4f3sr

[@kzpjwv]

Thanks for the videos and all the tips you provide. Learned a lot... I am (hopefully) going to but my first share via DRIP, MFC will be the first attempt. If possible, I would like to ask you about DRIP - If my thinking is correct, at this moment, 85 shares enough for the MFC DRIP. Is that correct? or would you recommend having more margin? If yes, what would be the minimal # of MFCs you would have. Thank very much for all the videos and feedback you provide via comments. it really helps beginners like myself.

[@kzpjwv]

Anyone?

[@CanadianTShirt]

Yes your math is correct! Right now with a share price of $27 divided by the dividend per share of $0.33 we get 82 shares required for a DRIP, but it's always safe to bump this up to 85+ just to make sure the DRIP goes through as the share price grows =)

[@CanadianTShirt]

Check out my DRIP EXPLAINED video where I break down my thought process and I provide a FREE Excel DRIP Template that I personally use to manage my DRIPs. I always use an inflated share price called Max_Val in my calculations to give myself that extra buffer and I want to have a DRIP ratio not exactly at 1, I prefer to have something around 1.07 kzbin.info/www/bejne/pabciaqXibSZnrc I also talk about this in detail in my Members-Only videos if you are interested =)

[@kzpjwv]

@@CanadianTShirt Adrian, I would like to express my gratitude for your invaluable guidance. Our first DRIP was an unqualified success, thanks in no small part to your informative videos. As a member for over a year now, I have found your insights to be both practical and insightful. I had downloaded your Excel spreadsheet some time ago and customized it to better suit my needs. However, I do have a follow-up question. Is there a specific reason why you keep ETFs separate from stocks? For visualization purposes maybe? While I understand the distinction between RRSP vs TFSA or even separate TFSA accounts, I am curious about this particular differentiation. Your expertise and input would be greatly appreciated.

[@MrCarter925]

Hey Adrian, great video! I’ve just started investing using Questrade for my TFSA. I was wondering for a beginner if it is better to prioritize diversification (buying many different stocks across different industries) or buying a smaller number of different stocks and locking in a DRIP? Please let me know, thanks!!!

[@CanadianTShirt]

I always say diversification is the name of the game! It can be tempting to focus all your attention on one stock to lock in that DRIP ASAP but I think it's safer overall to spread out your investments over different stocks and sectors and work your way up to a DRIP across the board! =)

[@MrCarter925]

@@CanadianTShirt Great to know! Thank you for the reply :)

[@CanadianTShirt]

@@MrCarter925 my pleasure! =)

[@erhunabbasli]

Adrian I would love to know your opinion on Hamilton high dividend ETFs. Especially ok HYLD and HDIV.

[@evadeanu1]

Brilliant! I should have learned all this 20 years ago but better late than never. Can’t thank you enough for your educational videos. Keep doing what you’re doing as you are great explaining and your passion for investing is purely addictive.

[@CanadianTShirt]

I couldn't agree more Enid but still better late than never! I'm glad you found my channel and I'm so happy that my videos have been able to make a difference! Keep it up! =)

[@wurdofwizdumb1928]

You are legit AF BRO. mad love for you.

[@CanadianTShirt]

hahaha thanks buddy! I appreciate that! 🙏

[@CanadianTShirt]

Not sure I've ever been called legit AF but I'll take it! 😁

[@mgi1005]

hi. just starting to do investments here. and new subscriber to your channel. still confused where to put my tfsa, plan to put in couple hundrerd $ every month and hoping it will grow more compared to the banks. thanks in advance for your insights.

[@CanadianTShirt]

Welcome to my channel and thank you for joining my membership program! I recommend Questrade for your TFSA, it's my favourite broker in Canada but WealthSimple Trade is also a great option! I would suggest investing in dividend ETFs and a few well-established dividend stocks to get your feet wet with investing. Check out this video on my favourite Canadian Dividend ETFs. They would be great to help you build confidence in investing =) kzbin.info/www/bejne/a5TVoWinmracpMk

[@Ian-of9oi]

Drips are cool but I’m not so busy that I can’t reinvest my dividends on my own. I only ever own around 10 stocks. That’s 40 dividends a year. I think I can find the time.

[@CanuckDividends]

Thanks for the video. I was unaware of the commitment from Telus to increase dividend twice per year. All the more reason to buy Telus. And thanks for the Excel sheet to keep track of DRIPs. I will check it out now

[@CanadianTShirt]

I'm always happy to help! Yes with Telus, it's certainly an aggressive dividend growth campaign but they have the revenue to support it! I'm excited to see those extra DRIPs each quarter! =)

[@badrats3542]

Would you recommend a student invest in Plaza even if they don’t have enough money to qualify for drip? Or would it be better to wait for the share price to drop?

[@CanadianTShirt]

Absolutely! Remember a DRIP does NOT have to be locked in all at once! Most of my DRIPs took YEARS to reach! Invest what you can and slowly build up to it, brick by brick =)

[@CanadianTShirt]

All that matters to get a DRIP is to own enough shares so that your dividend you receive is larger than the share price. It doesn't matter when you buy those shares or how long it takes. Also note, I wouldn't wait for a dip, just generally when it comes to investing. I have a whole video on "Buying the Dip vs Dollar Cost Averaging" so make sure you check it out =) kzbin.info/www/bejne/nmqqYnaMYtSooKs

[@badrats3542]

@@CanadianTShirt thanks!

[@FrancisDGM]

can you make a video on HMAX,UMAX,HCAL,HYLD,HDIV ...all those ''hamilton'' stocks looks weird to me

[@CanadianTShirt]

It's not something I'm into.... the management fees are crazy high, worse than some mutual funds even. And yes the massive dividend yields are tempting but you are losing any hope of capital gains and most likely you will see a LOSS in value over time... I would rather invest in quality companies that have a bright future, that way I can benefit from BOTH dividends and long term capital appreciation! 😁

[@s246088]

Love the video man. How can I get a copy of the template from 4:30?

[@CanadianTShirt]

I'm glad you found it helpful Shawn! I include a FREE Excel Template of my Dividend Tracker in the description box below the video! Just click the link and download the Excel file for your own use =)

[@CanadianTShirt]

If you're unclear on the columns, make sure you watch my DRIPs EXPLAINED video where I give a full walkthrough on this Excel Template =) kzbin.info/www/bejne/pabciaqXibSZnrc

[@enian82]

@canadian in a T-Shirt Does CDR quality for DRIP program? Thank you

[@CanadianTShirt]

That will depend on your broker!

[@toantruong2581]

Adrian, quick question: I have a chunk amount of money now and wanted to max my TFSA. But considering the FHSA coming out later this year. Should I wait for that since if I max out TFSA now, I won't have enough for FHSA? Thanks again for a great video as always.

[@CanadianTShirt]

Ideally you want to max out both! But between the two of them, I would prioritize the FHSA! You get the SAME tax-sheltered benefit PLUS the enormous benefit of tax deductions like the RRSP! As it stands right now, the FHSA is set to launch on April 1 but it still isn't confirmed. I'll keep you guys updated! =)

[@CanadianTShirt]

You might also consider putting in some money into your RRSP! Remember if you contribute to your RRSP before March 1, you'll reduce your 2022 taxable income so you'll receive a tax refund in April when you file your taxes. Then you can use that tax refund to invest in the TFSA or the FHSA =)

[@CanadianTShirt]

And that way, you get to invest in stocks right away in the RRSP, rather than sitting on cash for the next 3 months =)

[@toantruong2581]

Great advice. Thanks andrian. Are you replying all comments!? I've never seen people do that when they get more than 100k subscribers. You're such an exceptional KZbinr. Keep it up Andrian!

[@CanadianTShirt]

​@@toantruong2581 thank you so much for those kind words! I try really hard to reply to everyone! Obviously that becomes MUCH harder as my channel grows! 😅 But since day one, my favourite part of this whole KZbin gig was engaging with you guys and answering your questions! That's why I still spend at least 2-3 hours every day responding to questions! I hope that never goes away! =)

[@illestwhite]

Is it ok to invest a full $800 into PLZ.UN to get the DRIP right away? or suggest to diversify or DCA in? Thank you.

[@CanadianTShirt]

It depends on the size of your portfolio! If you only have a $1000 in total, then I wouldn't put 80% into any one stock. But if you already have portfolio and you're looking for something new, then sure $800 into PLZ is a good move to lock in that monthly DRIP! =)

[@CanadianTShirt]

If you see my Members-Only videos (black thumbnails) I usually buy around $700 - $900 of PLZ at a time so I basically bump up my DRIP every time =)

[@pa6989]

Do you know if Wealthsimple now allows DRIPs? I think it does because my dividends get reinvested automatically.

[@CanadianTShirt]

They do now! It's a new feature they finally introduced a few months ago! =)

[@CanadianTShirt]

It took them many years but they finally implemented DRIPs! You can't customize which positions or which holdings however. With WealthSimple, you can only select all or nothing but still progress!

[@janetjanet1674]

thank you so much! another great video

[@CanadianTShirt]

I'm happy to hear that and glad you found it helpful! Hopefully you get to enjoy some of these DRIPs! =)

[@kanek2438]

Thanks, man! Keep it up!

[@CanadianTShirt]

You got it bud! I'm happy to help! 😁

[@GeorgeFelixBarbosa]

Is the Telus analysis still valid? It seems the telecom market is getting more competitors and telus is having trouble to keep the revenue.

[@AndrewBrowner]

thoughts on how Rising interest rates might effect REITS like Plaza? do they own their properties outright? any information on their current debt levels on cash on hand, maybe some data on vacancy rates compared to other similar commercial REITs, ect would like to have more information and pick a few stocks i feel confident in rather than dozens of stocks just winging it, especially heading into a recession

[@CanadianTShirt]

Most companies but especially REITs are heavily leveraged with mortgages and loans to finance new developments and redevelopments. That's why REITs are hit particularly hard when interest rates rise since their mortgage interest increases. But that's why it's important to pick REITs with quality tenants, high occupancy rates and a history of consistent and growing revenue to endure those extra costs =)

[@willkeen5010]

Another informative video Adrian. Love my Canadian drips for their tax efficiency in my non registered account. Look forward to the next one.

[@CanadianTShirt]

Absolutely Will! I definitely recommend maximizing your tax sheltered accounts first! But yes for eligible Canadian dividends like Manulife or Telus, I also hold them in my Margin and they are much more tax efficient than regular income! I'll cover the dividend tax credit in an upcoming video =)

[@willkeen5010]

Absolute, since tfsa has been maxed for me and my wife, Canadian dividend payers in my non registered just makes sense. Hopefully next year, the contribution room will increase again with the inflation being what it is.

[@CanadianTShirt]

​@@willkeen5010 mostly likely yes! There's a very good chance that the TFSA limit will increase to $7K next year, let's see! =)

[@ArafDewanVlogs]

Can you give some suggestions to students who have low income and wants to get into investing earlier. Like monthly investing 100-200$ . Need some advice 🖤

[@ex4edgeinc469]

How can we distinguish whether it is an ETF or a single stock from the ticker symbol? In general how do we know it ?

[@ryankavehei1143]

Awesome!! Thanks for sharing these information. I have a beginner’s question. If we already bought $3000 of TD stock months ago, do we still get qualified for drip if we buy the rest $7000 now or it should be bought in single $1000 trade?

[@CanadianTShirt]

Absolutely! A DRIP does NOT need to be unlocked all at once! What matters is how many share you own NOT when you bought them! For example, it took me about 5 years to unlock a DRIP with TD! I built my way up to it brick by brick. It's VERY rare to unlock a DRIP all in one go unless it's one of the stocks on this list 😉

[@YoutubeFEEN]

thoughts on new investors not being able to drip their dividends? should I just suck it up and keep adding to my positions that dont drip? I wish I didnt think so much lol

[@CanadianTShirt]

I totally get it and I used to feel the same way! You do NOT need a DRIP to make it a good investment. It's just a nice bonus!

[@CanadianTShirt]

For example, one of my favourite stocks of all time is PG. I will likely NEVER get a DRIP with it since it takes tens of thousands in order to lock one in. But it is still one of my BEST investments for the dividends and the long term growth!

[@CanadianTShirt]

If I can't get a DRIP, I'm totally happy to manually reinvest those dividends into ETFs =)

[@YoutubeFEEN]

@@CanadianTShirt Thanks again!

[@CanadianTShirt]

@@KZbinFEEN my pleasure!

[@sarahsworld2024]

I’m just today opening my Questrade acc, thx again 😊

[@CanadianTShirt]

Way to go Sarah! Make sure you watch my step by step walkthrough on How to OPEN a QUESTRADE Account! kzbin.info/www/bejne/q6Cyc4WLjp18jrM And make sure you use my referral link to get that $50 bonus! =)

[@jamesl420]

If I'm not mistaken, Wealthsimple has zero trading fees for CDN stocks. If that's the case, despite not having DRIP system, is it not just better to manually buy stocks than to pay ~5 trading fees in Questrade (if you plan to make large and frequent purchases of CDN stocks)?

[@CanadianTShirt]

You are correct, with WealthSimple you don't pay commission fees so you can MANUALLY reinvest your dividends by buying an extra share with that cash, but it won't be done automatically and if you have many dividend stocks with DRIPs, this can be annoying to do manually. I will be making a WHOLE video comparison on WealthSimple vs Questrade. They are both great platforms and I think WealthSimple is fantastic for Canadian beginners but there are a ton of hidden fees and severe restrictions which I will cover. And most importantly, I ONLY recommend WealthSimple for purely CANADIAN stocks. Do NOT use them for US investing, it will cost you a TON of money in the long run in currency conversion fees!

[@CanadianTShirt]

For US investing, use NORBERT'S GAMBIT with Questrade to avoid paying ANY currency conversion fees! This will save you hundreds or thousands in the long run! I have a step by step tutorial on how it's done in this video =) kzbin.info/www/bejne/p2e0YpewgJ2pqtU

[@jamesl420]

@@CanadianTShirt looking forward to this content! 🙏🏼

[@lw1405]

@@CanadianTShirt I use your step by step tutorial to use Norberts Gambit in Questrade! Thanks Adrian!

[@CanadianTShirt]

@@lw1405 happy to help! =)

[@RedDestroyer4]

Hey Adrian thanks for another great video keep them coming!

[@CanadianTShirt]

You got it buddy! That's the plan! 😎

[@Nagsification]

Does Questrade charges $5 for buying stock in lieu of dividends through Drip?

[@CanadianTShirt]

Nope! That's one of my favourite things about using a DRIP with Questrade! Not only is it on autopilot but whenever you buy a share through a DRIP it doesn't cost ANY commission fees! That's why I call them a free share! =)

[@justinlam1699]

Great video! So the minimum $ invested in order to qualify for a drip must be more than the dividends they are paying you each quarter (or month)? Are there brokers in Canada that allow for ownership of partial shares through DRIP? Thanks.

[@CanadianTShirt]

The minimum amount of $ I list in this video means that if you invest that amount today, you will own enough shares so that your dividend will be enough to cover the price of an extra share =)

[@CanadianTShirt]

There are very few brokers in Canada that offer fractional shares and none of them support DRIPs, that I know!

[@leejunta]

I am new to investing in Canada, so I asked for a Finacial advisor at Sunlife who helped me open and Invesit in stocks through my TFSA and RRSP accounts. and my contribution room for the year 2022 is full. Now should I open another TFSA with QuestTrade for Drips or ask my Financial Advisor for the same?

[@CanadianTShirt]

Which broker did you open your TFSA and RRSP with? If they support DRIPs, then set it up with them! But Questrade is my favourite online broker and if you'd like to transfer your stocks into a Questrade TFSA or RRSP account, check out my tutorial to see how to make that transfer =) kzbin.info/www/bejne/eJeUq6icg9GEic0

[@CanadianTShirt]

Remember when you have a "financial advisor" at a bank or a financial institution like Sunlife, they aren't really your advisors. They are ONLY allowed to "advise" you or sell you on their banks products, usually mutual funds which cost you a ton of fees and makes them a ton of money. "Financial Advisors" are often more like glorified salesmen. Listen to their advise and ask them questions but don't blindly do what they tell you. A real advisor who you pay upfront with a fee will give you the actual best solution since they don't have any incentive to push their bank's products onto you.

[@freakerss]

I'm wondering if there is any difference in tax owed in a dividend vs price appreciation scenario. Scenario 1: Buy 100 shares @ $10 each, after 1 year you have 200 shares @ $10 each due to a steady dividend drip, no price increase in the stock. Scenario 2: Buy 100 shares @ $10 each, after 1 year you have 100 shares @ $20 each due to a steady increase in the share price. You sell both of these for $2,000 is there any difference in the tax owing in these 2 scenarios?

[@CanadianTShirt]

Absolutely there is! If you're in a tax-sheltered account like the TFSA, RRSP, RESP or FHSA then there are no taxes anyway so you don't have to worry about it. But in a non-registered account (Margin) investment income will be taxed differently. I'll be making a whole video about it since it can be quite complex

[@CanadianTShirt]

Here is the short summary: capital gains will be taxed at HALF of your marginal tax rate on the profit when you sell. US and foreign dividends and taxed at your full tax rate. Canadian eligible dividends will be taxed less due to the dividend tax credit, the effective tax rate will depend on your income. I'll break this all down in an upcoming video =)

[@freakerss]

@@CanadianTShirt Thanks! I figured there'd more nuance than a yes/no, this/that answer.

[@Mr-hz1ko]

Thank you for your information

[@CanadianTShirt]

It's my pleasure! I'm happy to help! =)

[@judysargeant6388]

Adrian today the MFC is 29$ i bought it for 22.... should i sell since ihave 47 shares please.thanks

[@CanadianTShirt]

I'm not selling! I plan on holding onto my MFC shares for decades!

[@CanadianTShirt]

Remember investing is a LONG game! The money you invest with should be money you will not touch for years. So keep it invested and let it grow, unless of course you NEED this money now =)

[@judysargeant6388]

Thank you for your honest advise i will keep them because for just 63$ in profit it is of no use. I plan to hold it thank you so much. Another ? please when you say a DRIP is 900$ for example PLAZA. This 900$ is it the present time for today? Does the 900$ fluctuate or instead is there a certain amount of shares that i have to buy which amounts to 900$. I just take the 900$ and divide it by the share price on that day. Is that the right way to go? thanks and i hope my Question is clear.

[@CanadianTShirt]

The DRIP required value fluctuates every single day since it depends on the share price! So the $900 value was at the time the video was released (it's still around there) Check out my DRIPs Explained video to see the calculation =) kzbin.info/www/bejne/pabciaqXibSZnrc

[@judysargeant6388]

thanks i will Adrian.

[@Nicole-jc8hl]

What do you think about Algonquin? 😢

[@CanadianTShirt]

That's a sad story.... luckily for me I have never invested directly with it. But I did have some indirect exposure through ETFs. I feel your pain =(

[@ryanweaver3910]

I'm a bit confused by this. My understanding is that a DRIP allows you to buy fractional shares after you have already purchased one full share in the company?

[@CanadianTShirt]

At the time of this video, WealthSimple did NOT support DRIPS...

[@CanadianTShirt]

But now finally, after so many years they finally offer DRIPs and they allow you to own fractional shares which a lot of people really like!

[@CanadianTShirt]

Personally, I don't want fractional shares. It makes it MUCH harder to track, record my calculations and file my tax returns. I like whole numbers but it's a personal preference =)

[@salut8598]

Hello, I have a question, can you do the same with American dividend stocks in the TFSA? Thanks in advance

[@CanadianTShirt]

Yes you absolutely can however, US dividends will face a 15% withholding tax in a TFSA! I cover this in detail in my TFSA MISTAKES video here =) kzbin.info/www/bejne/qWXGc5yYgaaHhbc

[@CanadianTShirt]

That's why I only hold my US dividends in my RRSP instead to waive that tax. A 15% cut can really hurt in a TFSA!

[@salut8598]

@@CanadianTShirt thank you so much🙏

[@CanadianTShirt]

@@salut8598 happy to help!

[@salut8598]

@@CanadianTShirt then it would be better to just use canadian stocks on the tfsa

[@ZuhaibShahzadaMusic]

Hey man Wealth Simple has DRIP now!

[@CanadianTShirt]

You're right! They introduced their DRIP feature about a year ago. I'm glad they finally added this! =)

[@Northern_Squirrel]

Great contents as always Adrian, appreciate your hard work. Have a question, do you ever put a cap, in terms of dollars, of a single stock whether you hold it in a single account or across many? Thanks

[@CanadianTShirt]

I don't have a dollar cap but I never want to be too exposed to one individual stock! I always believe in diversifying across multiple holdings and industries. For example, none of my stocks have more than 10% of my entire portfolio! That's my cap, if you want to call it that =)

[@Northern_Squirrel]

@@CanadianTShirt thank you Adrian, I tried to put a dollar limit but break my rules sometimes, Eg: FTS, RY as I consider these two the best within utilities and financial, hope I won’t regret one day, lol😀

[@CanadianTShirt]

@@Northern_Squirrel that's totally fine! It's YOUR portfolio and YOUR choice! There is no diversification police out to get you! 😅

[@CanadianTShirt]

@@Northern_Squirrel and if you're gonna be heavily invested in 2 companies, you can't really go wrong with FTS and RY! I would be more concerned if your 2 biggest holdings were Gamestop and Dogecoin 😆

[@jasonstupak4535]

Great Scott! Watched and liked, thanks Adrian!

[@CanadianTShirt]

Thanks Jason as always! I'm glad you found it useful! =)

[@codyryanlifts]

heads up, I went and bought a bunch of PLZ and its not eligible for DRIP within Qtrade...

[@CanadianTShirt]

I don't use Qtrade but thanks for the heads up. I use Questrade and I'm able to setup a DRIP with ALL of my stocks and ETFs. Check out my DRIP Explained video to see exactly how to do that with Questrade =) kzbin.info/www/bejne/pabciaqXibSZnrc

[@cris471]

Crash coming up sometime this year ! I’ll wait for it to buy good Canadian bank stocks at a big discount

[@CanadianTShirt]

It's possible but be very careful when trying to time the market... I have a whole video on timing on the market vs Dollar Cost Averaging, check it out! =) kzbin.info/www/bejne/nmqqYnaMYtSooKs

[@honda71000]

Thank you so much TOP G 🙌

[@CanadianTShirt]

haha never been called that before but I appreciate the support! 🙏

[@aliasgarabdul1873]

Hey Adrian, I am currently investing in TFSA with the CIBC investors edge account. Is it possible for me to use DRIP from that platform?

[@CanadianTShirt]

I've never used CIBC but I believe they support DRIPs. Most of the big banks do. If they're charging you that much in commission fees, they BETTER support DRIPs! 😅

[@22balthazar]

Absolutely, go to (up right on pc), Preferences, Account transactions, Manage dividends

[@xXheartszXx]

I can answer that! You have to call into Investors Edge and request that dividend reinvestment be applied to your entire portfolio.

[@BirdArambula]

If on desktop, Menu>MoreAccount Transactions>Manage Dividends>Choose an account>Dividend payment options>Enrol in dividend reinvestment Plan (DRIP/ShareBuilder Plan) all dividends will be reinvested to purchase more shares of stock or Cancel existing Plan all dividends will be paid in cash. If your currently receive our dividends in cash, you don't need to complete this form. Mobile, top right corner>scroll down to preferences>Account Transactions>Manage Dividends>Choose Account Type>Dividend Payment Options (Enrol in dividend reinvestment Plan (DRIP/ShareBuilder Plan) or Cancel Existing Plan

[@tinzar1692]

Hi Adrian, thank you for this informative video. You are the best 👍🏻. I came Canada as a Permanent Resident in June 2022, do you have any idea how much my TFSA contribution room will be ?

[@CanadianTShirt]

Thank you for those kind words and for supporting my channel through my membership program! I will be launching 2 members-only videos in the next few days so stay tuned! 😁

[@CanadianTShirt]

Welcome to Canada! 🇨🇦 Luckily I answer that EXACT question in my video on TAX CHANGES in 2023, I include a table showing the TFSA contribution room for immigrants based on the year you arrived in Canada =) kzbin.info/www/bejne/kJvJqpJ9ZtFopc0

[@CanadianTShirt]

But in your case, you would have $12,500 worth of TFSA room. You earned $6K in 2022 when you moved here and $6.5K for 2023 (the TFSA limit was bumped up this year) 🙂

[@tinzar1692]

@@CanadianTShirt I am always waiting for all your insightful videos.

[@tinzar1692]

@@CanadianTShirt Thank you very much 😊

[@InvestInFrench]

I love Plaza, one of my favorite REITS

[@CanadianTShirt]

You got it! Plaza Retail doesn't get enough love, I think most people overlook it because of it's smaller market cap. But definitely look into Manulife. If you see my TFSA portfolio reveal, you'll see it's one of my best performing stocks =)

[@canpin]

As always great video.. you rock!

[@CanadianTShirt]

Right back at you buddy! 😎

[@tidy]

Great video!

[@CanadianTShirt]

Thank you! I'm glad you found it useful! =)

[@shuja-ur-rehmankhandurrani3974]

Hi How to make an Excell sheet with auto reboot? Can you make a video for that pleased .

[@CanadianTShirt]

There are tools and plugins you can use to extra current market data into Excel, but many of them you will have to pay for. Personally I don't do that.... I only track the Book value in Excel since that does NOT fluctuate, it only changes when I buy a stock or receive a DRIP so easy to maintain. If I want to see current, live market values, I just open Questrade. They do it for me! Check out my FREE Excel Dividend Template here if you like =) bit.ly/2O4f3sr

[@ryanm7171]

Adrian, I don't DRIP largely in part because I don't like having to constantly recalculate Adjusted Cost Base each time. Is there a software program you use that helps you with your ACB calculations on your non registered investments or do you also do everything by hand? I would be very grateful for any other ideas you might have because I am tired of doing everything on paper as I have discovered the ACB the brokerage firms provide aren't always accurate.

[@CanadianTShirt]

I can definitely make a video on ACB, honestly it's not that hard for me to do it by hand. I just track every purchase and DRIP in Excel by logging the date, # of shares, share price, fees and USD exchange rate (for US stocks). Your broker will also track this for you but I like to keep my own record to double check! As you said, they can make mistakes!

[@CanadianTShirt]

Also for everyone else reading this comment, you do NOT have to worry about any of this in a tax-sheltered account like the TFSA, RRSP and RESP! Capital gains are 100% tax-free in those accounts so you don't have to keep track of this at all! But in a non-registered account like a Margin account, you WILL have to pay capital gains tax when you sell your stocks at a profit. So if you buy stocks many times over time, you have to keep track of the price you paid, the ACB. Great question! =)

[@ryanm7171]

@Canadian in a T-Shirt I'm clearly not as computer savvy as you. I don't even have Excel. I would love to see a video one day on how you do multiple ACB with year-end Return of Capital, buys, sells, stock splits, and DRIPs with your Excel spreadsheet. Might you even provide us with a blank template so we can try ourselves. I am much older than you and still record all my stock purchases in an exercise book and do everything with pencil and paper. It has worked but has limitations.

[@CanadianTShirt]

​@@ryanm7171 oh boy, with pencil and paper? That sounds exhausting 😅 But if it works for you, then all the best! I think it would be worthwhile to play around with Excel though. It's very powerful, especially for adding up tallies and calculations like this! Yes I can definitely make a video on that then! Also to note, I generally avoid REITs in my non-registered account since the tax situation on those distributions is more complicated than eligible Canadian dividends. The REITs I hold almost exclusively in my TFSA and RRSP =)

[@fomena72]

Thank you very much for all your advices 👍🏼

[@CanadianTShirt]

It's my pleasure! I'm glad you are enjoying them! 😁

[@thanoss77]

How can we determine the amount to invest in a stock to qualify for DRIP?

[@CanadianTShirt]

I have a WHOLE video answering that question, so check it out! =) kzbin.info/www/bejne/pabciaqXibSZnrc

[@CanadianTShirt]

Basically you need to own enough shares so that the dividend you receive exceeds the share price. So # shares needed = share price / dividend per share My video goes into greater detail and I provide a free Excel sheet to help you calculate these =)

[@thanoss77]

@@CanadianTShirt thanks a lot!

[@grantp1610]

Do you pay a commission fee for a DRIP on questrade? Are dividends automatically reinvested back to the company or do you have to set it up yourself?

[@CanadianTShirt]

Nope! That's one of the beauties with a DRIP! When you use a DRIP to buy extra shares, you don't pay ANY commission fees! That's why I say those shares are free! =)

[@CanadianTShirt]

So using a DRIP with Questrade will save you $5 every time versus manually reinvesting those dividends yourself 🙂 Watch my DRIP Explained video where I show you exactly how to setup a DRIP with Questrade. It's very simple, you just have to submit a DRIP Request form and then for the rest of time (unless you change your mind) your DRIPs will go through as long as the dividend exceeds the share price =) kzbin.info/www/bejne/pabciaqXibSZnrc

[@grantp1610]

@@CanadianTShirt Very helpful information. Thank you!

[@CanadianTShirt]

@@grantp1610 I'm happy to help! =)

[@mariavaranese6323]

Hi there, appreciate the info! I am super interested in easy drip! I looked into my VSP investment in my tfsa. Though it is supposed to have a quarterly yield of 1.3% for a total of 5.2% per year, my annual yield is only 0.8%. I am not sure where to find the share minimums you need to hold to earn the full yield potential. Would love some help :)

[@CanadianTShirt]

Hi Maria! I hate to be the bearer of bad news but VSP does not have that high of a yield... it tracks the S&P 500, the largest companies in the US most of which don't pay dividends so VSP actually has an ANNUAL dividend yield of 1.3%. In the finance world, whenever you see a percentage like dividends or interest it is always an ANNUAL amount! So the 1.3% yield is 1.3% paid out over the year, it's just divided into quarterly payments, so you can think of it as 0.325% yield every quarter. I hope that makes sense! =)

[@mariavaranese6323]

@@CanadianTShirt thanks so much! P.S. I picked up some manulife!

[@CanadianTShirt]

@@mariavaranese6323 way to go! Enjoy those dividends! =)

[@dividendduck]

@@mariavaranese6323 Great choice with Manulife! Looking to pick some up myself

[@brettmaddox7326]

I’ve never clicked on a video so fast

[@CanadianTShirt]

That's what I LOVE to see! I hope you find it helpful! 🙏

[@lintonmeyer]

Thanks for the content. Big thumbs up!

[@CanadianTShirt]

Thank you Linton! I'm glad you found it helpful! =)

[@MalcolmJubinville]

Hey Adrian. Any chance you are going to make a video that is an update to this one, now that WealthSimple has DRIP capabilities in their app?

[@CanadianTShirt]

Sure I can definitely make a new video with updated numbers but everything still applies whether you are using Questrade or WealthSimple for your DRIPs =)

[@obieeetleb7764]

Not mentioned in the video but with Questrade you wont receive the DRIP discount you could with traditional banking for ex. you would lose on the 2% Telus DRIP discount

[@CanadianTShirt]

That is true! With Questrade it is a synthetic DRIP so you won't get a DRIP discount, although these discounts are quite rare nowadays

[@CanadianTShirt]

But more importantly, with Questrade you can earn a DRIP on ANY stock or ETF, even the stocks that suspended their DRIPs!

[@CanadianTShirt]

For example Enbridge and RioCan suspended their DRIP program a few years ago but with Questrade, I'm still able to DRIP them every month and every quarter =)

[@superfluman6684]

Love the content! quick question, would you recommend Coved Calls ETF? The high dividend in interesting but so far couldn't find the catch, if there is any... thanks!

[@CanadianTShirt]

I've touched on covered-call ETFs in my last ETF video. I personally avoid covered-calls. The issue is that you are sacrificing any chance of capital gains JUST for larger dividends. And if something changes and the dividends are ever cut, then you're left with nothing. I prefer to buy and hold quality companies with a bright future like the ones in this video. This way you will enjoy growing dividends every year AND long term capital appreciation =)

[@superfluman6684]

@@CanadianTShirt I'll re-watch the last video, but that's a very clear explanation, thank you!! :)

[@tlb23]

I'm a bit late but congrats on reaching 100k subscribers! Another great topic to discuss for those building their TFSA portfolio. I remember when I watched the first DRIP video you released and immediately decided to focus on qualifying Enbridge stock for a DRIP. Since then, I 've went from receiving 1 free stock every quarter to now almost 3 stocks! Thank you as always, Adrian!

[@CanadianTShirt]

Thank you buddy! It was one of my biggest goals for my career and I am SO happy I finally reached it! And way to go with that Enbridge DRIP! It's one of the juiciest dividends out there! 😁

[@sshumkaer]

Does it make sense for American to buy?

[@CanadianTShirt]

Absolutely it does! However, you might have to consider some tax implications on the US side when you invest in Canadian companies. Also consider that both Telus and MFC trade on the NYSE as well so you can buy them in USD =)

[@tamitam1670]

Thanks for your time and hard work

[@CanadianTShirt]

Wow! That was fast! Thanks for watching! 😁

[@marlonrosema3895]

Hi adrian, how do you calcute drip again?

[@CanadianTShirt]

I have a whole video answering that question here! =) kzbin.info/www/bejne/pabciaqXibSZnrc

[@CanadianTShirt]

But basically it's DRIP amount = (Share price)^2 / (dividend per share)

[@MrRezz20002000]

Great Content 🙏 Please make a Video which dividend stocks suitable for RRSP 2023, Many Thanks.

[@CanadianTShirt]

I already have a whole playlist of videos on my favourite Dividend Stocks and ETFs that I hold in my TFSA and RRSP! =) kzbin.info/aero/PLj8bU3AuW2qFD4sCsCxXdaAADlyiP8bqB

[@CanadianTShirt]

Note that ANYTHING you hold in your TFSA (like the 3 stocks in this video) can also be held in your RRSP. However I do prioritize US dividends in my RRSP since that's the only play to make US dividends tax free! Since US dividends are taxed a 15% withholding tax in a TFSA =)

[@MrRezz20002000]

@@CanadianTShirt Thank you very much for sharing your insights. 🙏

[@tenzinn]

Thanks for the great updates Adrian !

[@CanadianTShirt]

My pleasure Tenzin! I'm glad you found it helpful! =)