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Tue, December 10, 2024
[ Tue, Dec 10th 2024 ] - 24/7 Wall St
Here's Why The Vanguard S&P 500 (VOO) Could Rocket to New Highs in 2025
[ Tue, Dec 10th 2024 ] - The Motley Fool
3 Magnificent S&P 500 Dividend Stock Down 35% to Buy and Hold Forever
[ Tue, Dec 10th 2024 ] - Seeking Alpha
BNY Mellon Small/Mid Cap Growth Fund Q3 2024 Commentary
[ Tue, Dec 10th 2024 ] - MSN
Ask an Advisor: I Have $1 Million and Want to Max .. Passive Income and Minimize Taxes. What Can I Do?
[ Tue, Dec 10th 2024 ] - Seeking Alpha
Dividend Income Summary: Lanny's November 2024 Summary
[ Tue, Dec 10th 2024 ] - CNN
Argentina's Milei counts Trump and Musk as fans. Here's what his 'chainsaw approach' has delivered
[ Tue, Dec 10th 2024 ] - MSN
Why this ASX 200 bank stock could face a hard slog in 2025
[ Tue, Dec 10th 2024 ] - Seeking Alpha
The 2 Worst Mistakes Dividend Investors Keep Making
[ Tue, Dec 10th 2024 ] - MSN
Dividend investors should put these 2 top ASX shares on their watchlist
[ Tue, Dec 10th 2024 ] - Seeking Alpha
IGD Continues To Show Improvements, Now Covering Distribution
[ Tue, Dec 10th 2024 ] - The Globe and Mail
No retirement savings in your 40s? Here's what to do now
[ Tue, Dec 10th 2024 ] - The Daily Telegraph
'It's hard to tell where inflation might strike, but one tobacco stock is up 40pc this year'
[ Tue, Dec 10th 2024 ] - Investopedia
Oracle Stock Slides as Revenue Falls Short of Expectations
[ Tue, Dec 10th 2024 ] - Yahoo Finance
BILL Holdings (BILL) is a Great Momentum Stock: Should You Buy?
[ Tue, Dec 10th 2024 ] - Wall Street Journal
Wall Street Is Betting Billions on Rental Homes as Ownership Slips Out of Reach
[ Tue, Dec 10th 2024 ] - Seeking Alpha
Payoneer Global: The Young Company Is A Strong Candidate For A Growth Portfolio
[ Tue, Dec 10th 2024 ] - The Motley Fool UK
3 ways to harness the wisdom of Warren Buffett when stock picking
[ Tue, Dec 10th 2024 ] - Seeking Alpha
SoundHound AI: Redefining Business With AI Customer Service Becoming A Critical Utility
[ Tue, Dec 10th 2024 ] - MSN
Prediction: Palantir Stock Will Soar After Dec. 13 (There's a Catch Though)
[ Tue, Dec 10th 2024 ] - Seeking Alpha
Telenor: Superb Income Is Very Likely To Continue
[ Tue, Dec 10th 2024 ] - The Motley Fool
Is It Smart to Buy Stocks With the S&P 500 at an All-Time High? History Has a Clear Answer.
[ Tue, Dec 10th 2024 ] - esquiremag
Financial Adviser: 5 Low-Priced Value Stocks in 2 .. 's 'Net-Net' Strategy and How to Profit from Them
[ Tue, Dec 10th 2024 ] - The Motley Fool
Want Safe Dividend Income in 2025 and Beyond? Invest in the Following 2 Ultra-High-Yield Stocks.
[ Tue, Dec 10th 2024 ] - Seeking Alpha
VICI Properties: Why I Am Selling This Dividend Darling
[ Tue, Dec 10th 2024 ] - Seeking Alpha
Why Is Singapore Equity Attractive To Investors?
[ Tue, Dec 10th 2024 ] - AOL
Can You Invest in BlueSky Stock and Is It Worth It?
[ Tue, Dec 10th 2024 ] - Yahoo Finance
Shopify (SHOP) is a Great Momentum Stock: Should You Buy?
[ Tue, Dec 10th 2024 ] - The Motley Fool
3 Cruise Line Stocks to Buy Hand Over Fist in December
[ Tue, Dec 10th 2024 ] - The Motley Fool UK
Just released: December's higher-risk, high-reward stock recommendation [PREMIUM PICKS]
[ Tue, Dec 10th 2024 ] - The Motley Fool Canada
Earn $6,000 Tax-Free Annually With This TFSA Strategy

Earn $6,000 Tax-Free Annually With This TFSA Strategy


Published on 2024-12-10 01:01:09 - The Motley Fool Canada
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  • Canadians, particularly Tax-Free Savings Account (TFSA) users, look forward to January 1, 2025. While the annual limit is $7,000 or unchanged from 2024, expanded contribution room is always welcome news. Regular TFSA investors know that the key to earning the desired tax-free income is to maximize yearly contributions as much as possible.

The article from Fool.ca outlines a strategy for earning $6,000 tax-free annually using a Tax-Free Savings Account (TFSA) in Canada. It discusses how investors can leverage the TFSA's tax advantages by investing in high-yield dividend stocks. The piece highlights that with the 2024 TFSA contribution limit set at $7,000, an individual could potentially invest up to $95,000 if they have never contributed before. By selecting stocks with an average yield of 6.3%, one could generate the desired $6,000 in tax-free income each year. The article suggests focusing on sectors like utilities, real estate investment trusts (REITs), and telecoms for stable dividends, and mentions specific examples like Fortis Inc., which offers a 4.4% yield, and others like Enbridge and BCE. It also emphasizes the importance of diversification to mitigate risk and the potential for dividend growth over time, which could increase the annual income beyond the initial $6,000.

Read the Full The Motley Fool Canada Article at:
[ https://www.fool.ca/2024/12/09/earn-6000-tax-free-annually-with-this-tfsa-strategy/ ]
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