2016 is now upon us and as I mentioned in the last post, big changes are happening this year. I have finally secured a job related to my graduate studies and will be moving to the US soon - more specifically, Chicago.
Since my TFSA is not really tax free once I am a US resident, I will be emptying it before I move to avoid the extra paperwork and headaches during tax season. The TSX hasn't done too well since this year started but I must sell all those stocks; by doing this, our annual dividend income will be reduced by $1,423.08. Hopefully I will be able to buy back those stocks at these low prices once I have settled down in the US.
Up until now, we have only been investing in US companies through my partner's RSP account, which is limited to 18% of her salary less pension contributions. By working in the US and earning US dollars, I will have better access to the larger variety of stocks on the US exchanges. Once our USD dividends outgrow our CAD dividends, I will probably switch to reporting our dividend income in USD instead of CAD.
With 2 full-time incomes, we should we able to grow our investments and our dividend income much faster.
January 25, 2016
January 19, 2016
Dividend Income - 2015 Overview
Last year's dividend income came in at $3,725.21, a 76% increase over 2014's $2,112.21. Ever since we started investing in 2012, we have received $6,701.22 in dividends.
We would be on track to earn $4,639.52 in 2016 even without adding any more money to our investments, but big changes are coming this year so our actual dividend income may end up being a lot less. I will write about these changes in an upcoming post.
We would be on track to earn $4,639.52 in 2016 even without adding any more money to our investments, but big changes are coming this year so our actual dividend income may end up being a lot less. I will write about these changes in an upcoming post.
January 15, 2016
Dividend Income - December 2015
This month's dividend income came in at $366.40, a 105.5% increase over 2014's $178.30!
January 7, 2016
Recent Transactions - December 2015
We haven't contributed much money to our accounts lately because we were waiting for the new year to deposit $5500 into our TFSA's. That being said, we did add a bit to our existing positions; we were able to get 28 shares of Suncor (SU) for $1000 and 65 shares of CAE (CAE) for $1000.
These stocks, respectively, provide us with an additional $31.41 and $18.16 annually based on their most recent dividends. This brings our total dividend income up to $4639.05/year.
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