Ever since the first Canadian real estate investment trust (REIT) was listed on the
TSX in 1993, the pool of real estate assets became popular investment choices. The most attractive feature of a REIT is the dividend offer. If you aspire to be a landlord but have limited funds to purchase physical properties, a REIT is a next-best alternative to earn passive income.
Choosing the right REIT to earn a lifetime of passive income is not easy, especially in the current situation. The global pandemic dealt severe blows to many REITs. However, three names were resilient and endured the carnage. Yield-hungry investors won’t think twice about taking positions.
Canada Revenue Agency: 3 Ways to Pay Less in Taxes This Year
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The deadline for 2020 taxes is a few weeks away. Canadians could pay fewer taxes on April 30, 2021, if they’re aware of the common tax write-offs available to nearly all taxpayers. The Canada Revenue Agency (CRA) also encourages everyone to file early or comply with the deadline to avoid paying late-penalty charges.
1. Enhanced BPA
The first enormous tax credit all taxpayers can claim is the basic personal amount (BPA). Please don’t ignore this tax write-off, as it had increased from 2019 and should increase further until 2023. The BPA is a non-refundable tax credit where the amount is indexed to inflation, so taxpayers can cope with it.
Canada Revenue Agency: How to Add U S Stocks to Your TFSA Portfolio fool.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.ca Daily Mail and Mail on Sunday newspapers.
The Keyera stock, Fiera Capital, and Extendicare stock are among the TSX’s dividend beasts. Yield-hungry investors should find the higher than 6.5% dividend offer truly enticing.
The 2021 tax season is more complex than before, although Canadian taxpayers can reduce tax bills from massive changes by the CRA. For TFSA users, the Absolute Software is the ideal growth stock to own this year.