Dividend Income Update - December 2025

                                                     

The month of December 2025 is another month of dividend income landing in my accounts. 

Due to becoming debt free, I changed my pay myself model. Starting the beginning of August 2021, I am paying myself 30%, just like before. This will now consist of 24% to investing, and 6% to savings.  The investment portion is going to my TFSA. Any money left over at the end of the month, I put towards investing on top of the money allocated from paying myself first. Hopefully, I can keep this up!

Update on paying myself first. At the start of August 2022, I now pay myself 35%.  This will consist of 25% to investing and 10% to savings. 

At the start of January 2024, I allocated 27% to investing and 10% to savings. 

Starting July 2024, I started allocating 30% to investing and 10% savings.

Note: All the dividends and totals below are in Canadian Dollars

I received a total of $1250.09 in dividend income for the month of December 2025. This represents a 6.91% increase from 3 months ago and a 23.2% increase year over year.

I received dividend / distribution income from 16 different companies.

I received $0.00 in net option premiums within my investment accounts in December 2025.  

Below is a visual of my dividend totals for the last 5 years.

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Most of my dividend income usually comes from my margin account.  As more investments and DRIPs are made inside TFSA, the percentage of dividend income for the TFSA is increasing. 

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Next, I will show the percentage of total income for each position. 

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In the twelve months of 2024, I received $11293.80 in dividends. In the twelve months of 2025, I received $12887.10 in dividends. This is an increase of 14.11% in 2025 over the same period in 2024. 

The graph below shows my total dividend income, as per the blog, since 2012. 

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I will update my dividend income tab with the new amount. I will include my option premium income also. It is great to see money from passive income sources deposited into my brokerage account every single month.

Note: Any activity in my RRSP account is not included in these totals.

How was your dividend income for December 2025?

Disclosure : Long all mentioned securities

DISCLAIMER

I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.

Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk.

Portfolio Update - December 2025

 The month of December 2025 as ended and it was quite the month! 

On December 10, the Bank of Canada decided to keep the interest rate at 2.25%. This seems to indicate that inflation is under control and kept near 2%.

It seems cost keep going up at the grocery store month after month.  The telecommunication companies seem to be increase the price of their services.  I had increases on both my internet and cell phone bills, which resulted in me calling these providers to re-negotiate my bills going forward. 

On December 18, Canada's Prime Minister and Ontario Premier came to an agreement to streamline approvals on major projects.  One of these projects is the development of Ring of Fire.  The Ring of Fire is area in Ontario that could be mined for minerals that will help grow Canada's economy.  Of course,  this project might not see the light of day.

The S&P500 was up 1.16% over the past month.  In the last 5 days, the S&P500 was up 1.07%. 

The S&P TSX Composite Index was up 3.56% over the past month.  In the last 5 days S&P TSX Composite Index was up 1.97% over the last 5 days.

Portfolio Activity

Margin Account Activity

On December 5, I purchased 60 shares of Air Canada (AC.TO) at $18.87 per share for a total cost of $1132.20. There is no intention to keep this as a long term hold. 

On December 18, my limit order on Air Canada was filled.  I sold the 60 shares of Air Canada at $19.20 per share for a total of $1152.00.  The gross profit on this trade was $19.80.

The net profit will be less due to margin interest that would of occurred during the duration of the trade. 

There was no decrease in my annual dividend income as Air Canada does not pay a dividend.

 

TFSA Activity

There has been no activity in this account since the last update.. 

Shares Purchased Via DRIP

1 unit of AP.UN @ $13.1901 for a total cost of $13.19 CAD (TFSA)

1 unit of KMP.UN @ $16.17 for a total cost of $16.17 CAD (TFSA)

1 unit of SRU.UN @ $25.51652 for a total cost of $25.52 (TFSA)

1 share of MFC.TO @ $50.10938 for a total cost of $50.11 CAD (TFSA)

1 share of AW.TO @ $37.96089 for a total cost of $37.96 CAD (TFSA)

1 share of CNR.TO @ $136.97664 for a total cost of $136.98CAD (TFSA)

2 units of BEP.UN @ $27.06 USD for a total cost of $74.13 CAD (TFSA)

3 units of BPF.UN @ $22.58547 for  a total cost of $67.76 CAD (TFSA)

1 share of BEPC.TO @ $52.62691 for a total cost of $52.63 CAD (TFSA)

7 shares of T.TO @ $18.23437 for a total cost of $127.64 CAD (TFSA)

1 share of QSR.TO @ $67.63USD for a total cost of $93.14 CAD (Margin)

1 unit of REI.UN @ $19.31 for a total cost of $19.31 CAD (TFSA)

I have some other positions with the DRIP turned on but might not have enough of a dividend to purchase a whole share. 

My Enbridge position directly with the transfer agent is set up to DRIP.  Around November 2018, Enbridge stopped their DRIP program.  If Enbridge decides to start a DRIP, then my shares will start to DRIP again automatically.  

Dividend Increases

On December 3, Enbridge (ENB.TO) increased the dividend from $0.9425 to $0.97 CAD per share quarterly, or from $3.77 to $3.88 CAD per share annually.  This is an increase of 2.92%.

At the time of this increase, I own 359.278 shares of Enbridge.  This increase adds $39.52 CAD to my annual dividend income.

On December 3, Royal Bank of Canada (RY.TO) increased their dividend from $1.54 to $1.64 CAD per share quarterly, or from $6.16 to $6.56 CAD per share annually.  This is an increase of 6.49%.

Currently, I own 56 shares of Royal Bank.  This increase adds $22.40 CAD to my annual dividend income.

On December 4, TD Bank (TD.TO) increased their dividend from $1.05 to $1.08 CAD per share quarterly, or from $4.20 to $4.32 CAD per share annually.  This is an increase of 2.86%.  

Currently, I own 253 shares of TD Bank.  This increase adds $30.36CAD to my annual dividend income.

On December 4, C.I.B.C. (CM.TO) increased their dividend from $0.97 to $1.07 CAD per share quarterly , or from $3.88 to $4.28 CAD per share annually.  This is an increase of 10.31% . 

Currently, I own 220 shares of C.I.B.C.   This increase adds $88.00 CAD to my annual dividend income. 

On December 4, Bank of Montreal (BMO.TO) increased their dividend from $1.63 to $1.67 CAD per share quarterly, or from $6.52 to $6.68 CAD per share annually.  This is an increase of 2.45% . 

Currently, I own 85 shares of Bank of Montreal.  This increase adds $13.60 CAD to my annual dividend income.

Dividend Decreases

On December 1, Allied Properties REIT decreased their distribution. I decided to include this decrease in the last monthly update.

Summary: 

As of January 10 2026, the total value of the portfolio is $329188.04 CAD . This is a 3.78% increase over last month's total.

The portfolio is estimated to produce an estimate $13575.66 CAD in dividend income over the next 12 months. This is an decrease of $246.82 CAD , or 1.852%. Some of the dividends in the Canadian stocks section are paid in US dollars, which are converted to Canadian dollars.

Googlesheets is still not operating properly.  So, I had to manually enter the market value for the REITS, BEP.UN, and BPF.UN.

Any dividend increases or decreases in January 2026 will be included in the next portfolio update. 

Please Note: Positions in Restaurant Brands International (QSR.TO),  Brookfield Renewables Corporation (BEPC.TO), and Algonquin Power and Utilities (AQN.TO)  pay dividends in US dollars. Brookfield Renewables Partners (BEP.UN) pays distributions in US dollars. My investment tab spreadsheet displays the Canadian dollar equivalent within 15 to 20 minutes of real time. 

Disclosure: Long aforementioned stocks

DISCLAIMER

I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice. Every individual should do their due diligence to make their own financial decisions based on their own research and tolerance for risk. 

Net Worth Update - December 27 2025

 Today is December 27, 2025. Although passive income through dividends and option premiums is my focus when it comes to investing, I decide to do a post about my current net worth.

What is net worth? Simply put, net worth is calculated by adding up all assets and subtracting the total of all liabilities. Net worth is sometimes referred to as shareholder's equity. Assets and liabilities are part of the balance sheet.

Assets

Savings

The savings section is currently into 3 segments. The 3 parts are a "high" interest savings account, novice savings account, savings account, and an "investment" savings account.

The TFSA savings account was with Tangerine. I was frustrated with getting such a low interest rate with Tangerine. I took the money out and placed it in non-registered high interest rate savings account with EQ Bank. Unfortunately, the account did not disappear as interest was earned in the TFSA with Tangerine for the month I transferred the balance. The balance is $0.18. With a value this low, I do not even earn interest as the balance so low.  

On June 28th, 2025, the value of the savings account with EQ Bank is $12967.24 . As of the time of this writing, the interest rate for EQ Bank is currently sitting at 1.00%.  There has been no change in the interest rate since the last update.

I opened an notice savings account (30 day) in November 2024.  Currently, the value of the account is $3530.81.  The interest rate currently is 2.75%.  There is no change in the interest rate since the last update. When a withdrawal is requested, it takes 30 days for the withdrawal to complete.  During the 30 days, the interest continues to accumulate. 

The interest rate on for this 30-day notice account does not get reduced as much as a regular high interest savings account. But, during the last week or so, the interest rate on this account was reduced by 0.25%, or 25bps.

The stock and ETF investment involves one ETF and cash  that I hold within my margin account. I keep the dividends and distributions received separate from the dividends I post in my dividend income updates.

Currently, I do not own any stocks in this account.

I own 90 units of the Bank of Montreal Canadian Dividend ETF (ZDV.TO)  and cash.  I made a purchases resulting in 12 more units since the last update.

I own 100 shares of TransAlta (TA.TO) due to a put option being assigned on December 19 2025 at $18.50 per share.

I have $1190.55 in cash inside the account.

On December 27 2025 , the current value of this "stock / ETF /cash account" is $5426.97 .  I have earned a total of $619.12 in total dividends/distributions in this account. Also, I have earned a total of $164.17 in option premiums in this account. 

Overall, the savings total is $21925.20 .

Non-registered Accounts

The non-registered accounts consist of a margin account and 2 stocks held directly with the transfer agents. The margin account is with Questrade. The total market value is $169316.45 as of December 27, 2025. This is an increase of 1.367% since the last published net worth post.

TFSA Investing Account

The TFSA investing account balance is $170226.76 as of December 27, 2025. This account is with Questrade. This is an increase of 10.09% since the last published net worth post.

Trading Account

I currently do not have any active trades in this account.  The current value of the trading account is $6602.03 .  I have active trades in this account for several months.  

RRSP

As of December 27 2025, I own  the following:

26 shares of CP Rail (Ticker Symbol  CP.TO) 

225 units of XAW.TO etf

66 shares of CN Rail (CNR.TO) 

56 shares of Alimentation Couche-Tard  (ATD.B.TO) 

47 shares of XEI.TO etf

3 shares of Telus Corporation (T.TO) 

2 shares of Transalta Corporation (TA.TO)

11 units of TD Asset Mgmt  Cash ETF (TCSH.TO)

The value of this account as of  December 27, 2025, is $29536.37. This is an increase of 6.50% from September 27, 2025.

Summary of Assets

Total Savings : $21925.20
Non-Registered accounts : $169316.45

TFSA Investing : $170226.76
Trading Account: $6602.03
RRSP Savings Account: $29536.37

Total Assets =$397606.81 (increase of 5.76% from 3 months ago)

Liabilities

The balance on my line of credit is $0.00. 

I owe $18354.84 in my margin account.  The margin is in the Canadian dollar account within my margin account in Questrade.  The USD account in Questrade has a positive cash balance.

Summary of Liabilities

Credit Line = $0.00

Margin = $18354.84

Total Liabilities = $18354.84

Conclusion

On December 27, 2025, my net worth is $379251.97 . This is an increase of $22439.00, or 6.29%, from 3 months ago.

The market continues to go up and down. During the last 3 months, we have seen inflation going down, but the fears of a recession continue to take hold. 

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To read the twenty first net worth update, click here. 

To read the twenty second network update, click here. 

To read the twenty third network update, click here.

To read the twenty fourth network update, click here. 

Disclosure: - Long all aforementioned stocks
  

DISCLAIMER

I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.

Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk.