Latest news with #Fortis
Yahoo
9 hours ago
- Business
- Yahoo
Top TFSA Dividend Picks: Secure Your Income Stream This Year
Written by Christopher Liew, CFA at The Motley Fool Canada Many Canadians fear that trade conflict with the U.S. will weigh in on spending plans and affect their financial health in 2025. Fortunately, there is a way to be worry-free of money concerns. The Tax-Free Savings Account (TFSA) can be your financial lifeline. And because the limit increases annually, your tax-free investment income could last for a lifetime. Most TFSA users use their TFSA contribution limits to purchase and hold dividend stocks in the account. The recurring payouts serve as a cushion during economic uncertainties. If you need to secure your income streams this year and beyond, Fortis (TSX:FTS) and Killam Apartment (TSX: are the top TFSA dividend picks. The utilities and real estate sectors have been relatively resilient in today's complex environment. Fortis is a no-brainer investment due to its defensive nature and low-risk profile. The $32.4 billion company provides essential services and boasts a stable, regulated business model. This utility stock is also TSX's second dividend king, owing to 51 consecutive years of dividend increases. At $64.61 per share, the year-to-date gain is 10.3%-plus. Besides the market-beating return, current investors partake in the 3.8% dividend yield (quarterly payout). Expect further dividend growth, as the long-term growth in the rate base is expected to support management's dividend growth guidance. David Hutchens, President and CEO of Fortis, said, 'We are off to a strong start in 2025.' As we navigate volatility in the macro environment, we remain committed to delivering affordable and reliable energy to our customers and annual dividend growth of 4% to 6% through 2029 to our shareholders.' In Q1 2025, net earnings increased 8.7% year-over-year to $499 million, and higher earnings are on the horizon. The new $26 billion five-year capital plan (2025–2029) will increase the mid-year rate base to $53 billion by 2029, representing a 6.5% compound annual growth rate (CAGR). Enhancing shareholder value is an ongoing concern. Fortis will rely on the balance and strength of its diversified regulated utility businesses to fulfill its commitment to investors. After the five-year capital plan, the company will pursue opportunities to expand and extend growth, notably to the transmission grid in the United States. Like Fortis, Killam Apartment doesn't pay ultra-high dividends. Investors' primary consideration is business stability and dividend safety. At $18.98 per share (+13.29% year-to-date), the dividend offer is 3.7%. The best part is that the payout frequency is monthly. The $2.3 billion growth-oriented real estate investment (REIT) develops, owns, operates, and manages apartments (219), manufactured home communities (40), and commercial (9) properties. In Q1 2025, net income declined 19.9% year-over-year to $101.9 million, while net operating income (NOI) increased 7.2% to $59 million. Killam President and CEO Philip Fraser said, 'Our diversified apartment portfolio has demonstrated resilience in the current rental market, maintaining same property occupancy levels of 97.5%, consistent with Q1 2024.' He expects the fully stabilized and completed developments to drive earnings and contribute positively to the REIT's financial performance. For 2025, Killam targets the same property NOI growth of 4% to 7%. Fortis and Killam Apartment are well-established dividend payers in their respective sectors. The former's dividend growth streak is an incredible feat, while the latter is an excellent play in the residential market. The post Top TFSA Dividend Picks: Secure Your Income Stream This Year appeared first on The Motley Fool Canada. Before you buy stock in Fortis, consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Fortis wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $24,927.94!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 30 percentage points since 2013*. See the Top Stocks * Returns as of 6/23/25 More reading 10 Stocks Every Canadian Should Own in 2025 [PREMIUM PICKS] Market Volatility Toolkit A Commonsense Cash Back Credit Card We Love Fool contributor Christopher Liew has no position in any of the stocks mentioned. The Motley Fool recommends Fortis. The Motley Fool has a disclosure policy. 2025
Yahoo
a day ago
- Business
- Yahoo
2 Canadian Blue-Chip Stocks to Buy Before it's Too Late
Written by Chris MacDonald at The Motley Fool Canada When some investors think of the Canadian stock market, energy and resource companies may be the first that come to mind. Canada does have a very resource-centric economy, and as such, this is the sector that often gets the closest look from international investors looking to diversify into TSX-traded stocks. That said, there are a number of other high-quality blue-chip stocks I think are worth considering. In my view, the following two names are among the best options for investors looking for solid total returns over the long haul. These are companies that not only provide solid growth upside over the long term, but are also among the top dividend stocks I've got my eye on right now. I continue to hammer the table on utility giant Fortis (TSX:FTS) as a great long-term investment for those looking for rock-solid total returns. Given the company's core business model of providing essentials to its core residential and commercial customer base (no one can go without lights and heat for very long), Fortis continues to earn very stable cash flows that it returns to investors over time. Aside from being a classic defensive stock for investor portfolios, Fortis also has the backing of some very strong fundamentals investors can rely on for continued revenue and earnings growth. With the company's earnings per share rising to $1.00 from $0.93 in the same quarter the year prior, and revenue also increasing by a similar amount, this is a company which should provide roughly 10% overall growth investors can rely on. Over time, Fortis has delivered dividend growth in the 6% range for long-term investors, with an impressive 50-year streak of consecutive dividend hikes. I'd expect that track record to continue, making Fortis's current dividend yield of 3.8% much more impressive on an absolute basis. Another top blue-chip Canadian stock I think can get overlooked relative to other premium names is Brookfield Asset Management (TSX:BAM). The company's business model is a bit more diverse than many TSX-listed stocks. With a portfolio of global alternative assets in a number of in-demand industries, Brookfield has benefited from the rather robust global growth trends we've seen play out since the Great Financial Crisis. Of course, there's always the potential that another recession will be headed our way, and that could impact the company's business. However, Brookfield's historically impressive stability and its broad asset base provide some cushion and diversification for investors seeking such attributes. With a current dividend yield of 3.2%, Brookfield is no slouch in this department either. And with a market capitalization of more than $90 billion and margins of 57% (up from 54% the year prior), this is a stock I think investors can buy and hold with confidence in this current market environment. The post 2 Canadian Blue-Chip Stocks to Buy Before it's Too Late appeared first on The Motley Fool Canada. Motley Fool Canada's market-beating team has just released a brand-new FREE report revealing 5 "dirt cheap" stocks that you can buy today for under $50 a share. Our team thinks these 5 stocks are critically undervalued, but more importantly, could potentially make Canadian investors who act quickly a fortune. Don't miss out! Simply click the link below to grab your free copy and discover all 5 of these stocks now. Claim your FREE 5-stock report now! More reading 10 Stocks Every Canadian Should Own in 2025 [PREMIUM PICKS] Market Volatility Toolkit A Commonsense Cash Back Credit Card We Love Fool contributor Chris MacDonald has no position in any of the stocks mentioned. The Motley Fool recommends Fortis. The Motley Fool has a disclosure policy. 2025 Sign in to access your portfolio
Yahoo
5 days ago
- Business
- Yahoo
The CRA Mistake That Could Cut Your Old Age Security in Half
Written by Kay Ng at The Motley Fool Canada Every year, thousands of Canadian retirees unknowingly lose out on hundreds – or even thousands – of dollars in Old Age Security (OAS) benefits due to a little-known income trap: the OAS clawback. In 2025, this silent tax could reduce or even eliminate your OAS if you're not careful. But the good news? With the right investment strategy, you can protect your benefits – and possibly even grow your wealth at the same time. The OAS clawback begins when your net world income exceeds $90,997 (This amount rises over time and can be looked up on the Government of Canada website.). For every dollar over that threshold, the Canada Revenue Agency (CRA) claws back 15 cents from your OAS payments. That means if your net income hits approximately $148,000, your entire OAS benefit could be wiped out. Here's the kicker: many Canadians trigger the clawback by mistake, through taxable income from RRIF withdrawals, capital gains, or even dividends from non-registered investments. The impact? You could lose up to $8,819 or more in OAS – essentially handing it right back to the CRA. One way to avoid the clawback is by holding tax-efficient dividend stocks such as Fortis (TSX: FTS). Fortis is one of Canada's top utility companies, with a 51-year track record of annual dividend increases. It is a reliable income-generating stock and currently, it yields around 3.8%. To eliminate the clawback entirely and with sufficient room, retirees could hold their stock investments in their Tax-Free Savings Accounts (TFSA). Because TFSA withdrawals and growth don't count toward your net income, this money has zero impact on your OAS eligibility. Compare that to earning the same dividends in a non-registered account, where grossed-up dividends inflate your net income and can accelerate the clawback. To truly dodge the OAS clawback, consider these additional strategies: 1. Take full advantage of your TFSA Max out your TFSA contributions annually. In 2025, the cumulative TFSA contribution limit for someone who was 18 in 2009 is $102,000, and possibly higher if unused room remains. Dividends, capital gains, and withdrawals from a TFSA are not taxed, nor do they impact net income. 2. Split pension income If you're receiving eligible pension income, split up to 50% with your spouse who may be in a lower tax bracket. This reduces your individual taxable income and could keep you below the clawback threshold. 3. Withdraw from RRSPs strategically If it makes sense for your unique situation, start drawing down RRSPs before age 71 to manage your taxable income in retirement. Large RRIF withdrawals after conversion at age 71 can push you into the OAS clawback zone. Early, gradual withdrawals — especially if reinvested into your TFSA — can smooth your income and preserve OAS benefits. The OAS clawback isn't a tax penalty — it's a retirement planning problem. Without a proactive strategy, your retirement income plan could backfire, resulting in you losing out on thousands of dollars. But by combining TFSA investing, dividend-paying stocks like Fortis, and tax-smart withdrawal planning, you can keep your income high and your clawback low. The biggest mistake? Ignoring the issue. Don't let the CRA take a bigger slice of your retirement than necessary. Plan now, and you'll thank yourself later. Talk to a qualified financial planner if needed. The post The CRA Mistake That Could Cut Your Old Age Security in Half appeared first on The Motley Fool Canada. The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now. The Top Stocks that made the cut could produce monster returns in the coming years, potentially setting you up for a more prosperous retirement. Consider when "the eBay of Latin America," MercadoLibre, made this list on January 8, 2014 ... if you invested $1,000 at the time of our recommendation, you'd have $24,927.94* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 30 percentage points since 2013*. See the Top Stocks * Returns as of 6/23/25 More reading 10 Stocks Every Canadian Should Own in 2025 [PREMIUM PICKS] Market Volatility Toolkit Fool contributor Kay Ng has no position in any of the stocks mentioned. The Motley Fool recommends Fortis. The Motley Fool has a disclosure policy. 2025 Sign in to access your portfolio
Yahoo
05-07-2025
- Sport
- Yahoo
Fortis Canada Games Complex opens it doors ahead of summer event
Local athletes will have the chance to test out the facilities they will soon compete in during the 2025 Canada Games in St. John's. Friday marked the grand opening of the Fortis Canada Games Complex on Lambe's Lane near Memorial University. The $34-million facility is home to a 400-metre, eight-lane track, FIFA quality soccer turf and an indoor training facility for the development of amateur level sport. Kim Keating, co-chair of the Canada Summer Games host society, said Newfoundland and Labrador is well prepared to host "the best Canada Games ever." "We have the largest number of athletes of any Canada Games coming," Keating told reporters on Friday.. "I think we're over 2,000 [athletes] for week one, and 2,000 [athletes] for week two." In addition to the athletes, a rough estimate of 20,000 to 25,000 people will show up for the event, said co-chair Karl Smith. "There's no rental cars available and no rooms available, so I guess that's as good as it gets," Smith said. Fortis donated $1 million for the facility. The company's vice-president of operations and technology Gary Smith told reporters the donation aligns with Fortis' values. "We're so happy to see the athletes out there. That's really what it's all about, is the young people across Canada who are going to come here and show what they did," Smith said. "They will grow into the future leaders of Canada." WATCH | New facility celebrates grand opening: Beyond the Canada Games, Premier John Hogan said the facility will continue to be used for year-round training opportunities for provincial track and field athletes, soccer and other sports. "My kids, my grandkids, people from all across the province will benefit from all the effort that's gone into building this infrastructure," Hogan said Friday. "Not just for the two weeks of the Canada Games, but for years and decades to come." The Canada Summer Games start on Aug. 8 in St. John's. Download our free CBC News app to sign up for push alerts for CBC Newfoundland and Labrador. Sign up for our daily headlines newsletter here. Click here to visit our landing page.
CBC
05-07-2025
- Sport
- CBC
Fortis Canada Games Complex opens it doors ahead of summer event
Local athletes will have the chance to test out the facilities they will soon compete in during the 2025 Canada Games in St. John's. Friday marked the grand opening of the Fortis Canada Games Complex on Lambe's Lane near Memorial University. The $34-million facility is home to a 400-metre, eight-lane track, FIFA quality soccer turf and an indoor training facility for the development of amateur level sport. Kim Keating, co-chair of the Canada Summer Games host society, said Newfoundland and Labrador is well prepared to host "the best Canada Games ever." "We have the largest number of athletes of any Canada Games coming," Keating told reporters on Friday.. "I think we're over 2,000 [athletes] for week one, and 2,000 [athletes] for week two." In addition to the athletes, a rough estimate of 20,000 to 25,000 people will show up for the event, said co-chair Karl Smith. "There's no rental cars available and no rooms available, so I guess that's as good as it gets," Smith said. Fortis donated $1 million for the facility. The company's vice-president of operations and technology Gary Smith told reporters the donation aligns with Fortis' values. "We're so happy to see the athletes out there. That's really what it's all about, is the young people across Canada who are going to come here and show what they did," Smith said. "They will grow into the future leaders of Canada." WATCH | New facility celebrates grand opening: Fortis Canada Games Complex officially opens in St. John's 9 hours ago Duration 1:39 The Canada Games starts in August, and as the CBC's Jenna Head reports, some long-anticipated facilities are starting to open their doors for the first time. Beyond the Canada Games, Premier John Hogan said the facility will continue to be used for year-round training opportunities for provincial track and field athletes, soccer and other sports. "My kids, my grandkids, people from all across the province will benefit from all the effort that's gone into building this infrastructure," Hogan said Friday. "Not just for the two weeks of the Canada Games, but for years and decades to come." The Canada Summer Games start on Aug. 8 in St. John's.
