How to Earn Big TFSA Income the Canada Revenue Agency Can't Tax [Yahoo! Finance Canada]
First National Corporation (FXNC)
NASDAQ:AMEX Investor Relations:
ir.fbvirginia.com
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Source: Yahoo! Finance Canada
Do you want to earn passive income that the Canada Revenue Agency (CRA) can't tax? If so, it pays to invest in a Tax-Free Savings Account (TFSA). TFSAs shelter your investments from taxation, much like RRSPs do. However, unlike RRSPs, they do not become taxable on withdrawal. For this reason, they are among the best accounts to invest your money in. In this article, I will explore two stocks that could generate large amounts of passive income if held in a TFSA. Invest in financials and utilities A good way to get a lot of passive income in your TFSA is to invest in Canadian financials and utilities. Canadian financials (banks, insurance companies) are considered some of the best in the world. Canadian utilities are usually sensibly run as well. By investing in a combination of TSX financials and utilities, you can easily achieve a 5% portfolio yield. ADVERTISEMENT First National Financial TSX:FN ) is a Canadian non-bank lender. It issues mortgages but does not take deposits.
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FXNC
News
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates FXNC, MGRC, PRFT on Behalf of ShareholdersPR Newswire
- This 6.9% Yielding Dividend Stock Remains a Top Choice for Passive Income [Yahoo! Finance Canada]Yahoo! Finance Canada
- TFSA Passive Income: Earn $500/Month [Yahoo! Finance Canada]Yahoo! Finance Canada
- Retirees: 2 TSX Stocks That Pay You Each Month [Yahoo! Finance Canada]Yahoo! Finance Canada
- SMArtX Announces 2024 X Award Winners, Featuring Elite Investment Strategies From Top Asset Managers on the SMArtX Platform [Yahoo! Finance]Yahoo! Finance
FXNC
Earnings
- 4/30/24 - Beat
FXNC
Sec Filings
- 6/21/24 - Form S-4
- 6/21/24 - Form 4
- 6/20/24 - Form 4
- FXNC's page on the SEC website