Looking to start a TFSA pension? Consider investing in dividend stocks to help grow your retirement savings. Dividend stocks can provide a steady stream of income while also offering potential for capital appreciation. Here are three dividend stocks to consider adding to your TFSA portfolio:
1. Fortis Inc. (TSX:FTS) is a Canadian utility company that has a strong track record of paying and increasing its dividend. With a diversified portfolio of regulated utilities, Fortis provides stability and reliable income for investors.
2. Bank of Nova Scotia (TSX:BNS) is one of Canada’s largest banks and has a history of consistently growing its dividend. As a leading financial institution, Bank of Nova Scotia offers investors exposure to the banking sector while also providing a solid dividend yield.
3. Enbridge Inc. (TSX:ENB) is a North American energy infrastructure company that has a long history of paying dividends. With a focus on pipelines and energy transportation, Enbridge provides investors with exposure to the energy sector while also offering a competitive dividend yield.
By investing in these dividend stocks within your TFSA, you can start building a pension fund that will provide you with a steady stream of income in retirement. Remember to consult with a financial advisor to determine the best investment strategy for your individual needs and goals.