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The Best Canadian Dividend Stocks to Buy and Hold Forever in a TFSA

The article from Fool.ca, published on December 16, 2024, discusses the best Canadian dividend stocks to consider for long-term investment within a Tax-Free Savings Account (TFSA). It highlights the benefits of investing in dividend stocks within a TFSA, such as tax-free income and growth. The article lists several top picks for dividend stocks, including:

Fortis Inc.: Known for its consistent dividend growth, Fortis has a history of increasing dividends for over 50 years, making it a reliable choice for steady income.

Bank of Nova Scotia (Scotiabank): As one of Canada's Big Five banks, it offers a high dividend yield and has a strong international presence, particularly in Latin America.

Enbridge Inc.: This energy infrastructure company provides a high yield and has a diversified business model that supports its dividend payments.

Canadian National Railway (CN): While not traditionally known for high dividends, CN has a solid track record of increasing dividends, supported by its essential role in North American logistics.

BCE Inc.: A telecom giant with a stable income stream from its services, offering a reliable dividend payout.

The article emphasizes the importance of diversification, the stability of these companies, and their ability to weather economic downturns, making them ideal for a long-term, tax-advantaged investment strategy within a TFSA.

Read the Full The Motley Fool Canada Article at:
[ https://www.fool.ca/2024/12/16/the-best-canadian-dividend-stocks-to-buy-and-hold-forever-in-a-tfsa/ ]