The price of gas at the pumps remain high in Canada as the Russia invasion of Ukraine continues to go on. This has lead to more inflation as businesses have to pass on the increase costs onto their customers.
The province of Alberta temporarily removed their gas tax on gasoline starting April 1. This will last for 3 months.
Currently, the federal Conservative party is going through a leadership race at the moment. The province of Ontario is going through an election at the moment.
The supply chain issues continue to carry on. This also helps to drive up prices even more. The costs of everything continues to higher than even just a few months.
Passive Canadian Income received $2391.71 in passive income for the month of April 2022. Of this total, $1201.92 was dividend income. The amount of new shares / units dripped came in at 29.
All About The Dividends received $646.42 in dividend income and added over $28.45 in forward dividend income via DRIPs. There is also mention of the purchases that were made during April 2022.
Reverse The Crush received $102.74 in dividend income in April 2022. This is a 84% YoY increase.
Our Life Financial received $4596.42 in total dividend income and 37% increase YoY.
Moneymaaster received $2806.04 in dividend income and dripped 85 new shares/units to boost his future dividend income.
My Own Advisor and Gen Y Money shared their individual dividend income updates with the world. Although their actual amount of dividend income received in April 2022 is not mentioned, there is some great information in their respective posts.
Fire We Go received $2868.03 in dividend income for the month of April 2022.
Labour To Leisure received $528.41 in dividend income for the month of April 2022.
We all started with $0.00 of passive income and have grown our investments over time. Each "BUY" transaction can provide ongoing dividend income which may also be increased over time.
In Canada and the United States, many brokerage accounts offer commission free trades and/or commission free ETFs. You can get started on your investing journey with very little money.
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.