Canadian investors should consider holding undervalued dividend stocks in a TFSA to benefit from a recurring dividend stream and long-term capital gains. Any returns generated in a TFSA are sheltered from Canada Revenue Agency taxes, making cheap dividend stocks the ideal investment option in 2024.
The TFSA contribution limit in 2024 has risen to $7,000, raising the maximum cumulative contribution room to $95,000. Let's see how you can allocate $7,000 in 2024 to earn $1,000 in passive income in the next 12 months. Here are two top TSX dividend stocks you can consider buying right now.
Softchoice (TSX:SFTC) provides AI-powered cloud and digital workplace solutions, enhancing technology for customers. Its revenue retention rate is high, maintaining customer satisfaction despite a decline in hardware sales.
Collection
[
|
...
]