Passive Income Canada 2022: How to Live off Dividends Tax Free

I share my thoughts on the stock market crash 2022, stock market history lessons, outlook on canadian stocks in 2022, bank of canada interest rate hikes and recession in canada.

00:00 - Intro
02:30 - Canadian Dividend Aristocrats
08:11 - How Much to Build $50,000 of Passive
09:41 - REITS and Pros and Cons
13:57 - How to Collect 100K Taxfree in Canada

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DISCLAIMER:
This video is for entertainment purposes ONLY.
I am not a financial advisor. You (and only you) are responsible for the financial decisions that you make.

#canadianstocks #buildwealthcanada2022 #stockinvestingcanada2022

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About Tracy Ma, host of Financial Nirvana Mama:
I help Canadian investors, business owners, professionals who are action takers go from self doubt to confident in building multiple streams of income & wealth so that they can ultimately live their BEST LIFE.

I'm Canadian, former environmental engineer turned real estate & stock investor, featured in Huffington Post, Canadian Real Estate Wealth Magazine, AOL Finance and much more. But mainly I'm a wannabe dancer, fitness enthusiast and mother of twins.

My 1st 'aha moment’ was when I killed my student loans after slaving away at 3 jobs, 70+ hr weeks, and BURNING OUT. I changed my life by investing in real estate & stocks while holding an engineering career, young family (twins) and life. At 35, I built a 7 figure++ legacy so I left engineering + gov't golden handcuffs to live life on my terms.

I'm a super passionate investor living my best life and one of my goals in life is to PAY IT FORWARD by help as many People as I can GAIN time freedom using real estate, stocks & life hacks.
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DISCLAIMER:
This video is for entertainment purposes ONLY.
I am not a financial advisor. You (and only you) are responsible for the financial decisions that you make.

#canadianstockmarket #stockmarket2022 #canadianinvestors

[mr.financial]

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.

[AshtonVsMarket]

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.

[FinancialFreedomLifestyle]

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.

[ib]

TFSA is up to 95k now. 81.5k was the 2022 number 88k 2023, 95k 2024.

[renzenker]

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?

[jeffyoyo]

Truly best insight as a Canadian investor. Keep it coming

[lawrencel]

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!

[LegacyStacker]

Hi Financial Nirvana Mama! I'm a recent investor in dividend stocks (<3 years), and I'm loving it! I'm currently using my dividends to pay for my monthly vehicle payment (which was my strategy)! 😎Of course, I've subscribed to your channel! We have similar investments (Dividend Stocks, Real Estate)!

[daisy]

I realized that Wealthsimple don’t support DRIP if invest in dividend stocks/ETFs. Would you suggest to go with Questrade instead?

[vmtl]

Amazing info very useful thank you 😊 i subscribed !!

[yannik]

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.

[avijami]

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 :)

[Rocco]

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!

[iriscidiscent]

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 :)

[jasonstupak]

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?

[RandyMarsh]

Drink a shot everytime she says CANADA

[jonm]

Let’s see your updated multimillion dollar portfolio :)

[ChrymiaRiver]

What type of engineer were you @Financial Nirvana Mama

[Random-pvzt]

Do you really have any idea of making money.

[presentowner]

Mindbuildingsolutions approved!
Excellent video and content.
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