The month of June 2025 as ended and it was quite the month!
The liberal tax cut of 1% for the lowest income tax bracket went into effect on July 1. This will mean more take home on your paycheck and/or reduction in taxes for the calender year.
The S&P500 was up 4.73% over the past month. In the last 5 days, the S&P500 was up 0.01%.
The S&P TSX Composite Index was up 1.96% over the past month. In the last 5 days S&P TSX Composite Index was down 0.02% over the last 5 days.
Portfolio Activity
Margin Account Activity
On July 4, I sold 1 FTS.TO 07/25/2025 $62 PUT for a net premium of $24.01 after commissions.
TFSA Activity
On June 17, 2025, I purchased 61 shares of Canadian National Railway (CNR.TO) at $139.00 for a total cost of $8479.00 . Currently, Canadian National Railway pays an annual dividend of $3.55 CAD per share. The yield on cost for this purchase is 2.55%.
This purchase adds approximately $216.00 CAD to my annual dividend income.
Shares Purchased Via DRIP
1 unit of REI.UN @ $17.35479 for a total cost of $17.35 (TFSA)
1 unit of KMP.UN @ $19.64 for a total cost of $19.64 CAD (TFSA)
1 unit of SRU.UN @ $25.75687 for a total cost of $25.76 (TFSA)
1 share of MFC.TO @ $41.63192 for a total cost of $41.63 (TFSA)
1 share of AW.TO @ $37.39487 for a total cost of $37.39 (TFSA)
2 units of BEP.UN @ $25.47 USD for a total cost of $69.70 CAD (TFSA)
1 share of BEPC.TO @ $44.21356 CAD for a total cost of $44.21 (TFSA)
1 unit of BPF.UN @ $19.67 for a total cost of $19.67 (TFSA)
5 shares of T.TO @ $22.09776 for a total cost of $110.49 (TFSA)
1 unit of REI.UN @ $17.70455 for a total cost of $17.70 (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
Dividend Increases
There has been no dividend increases since the last update.
Dividend Decreases
There has been no dividend decreases since the last update.
Summary:
As of July 12 , 2025, the total value of the portfolio is $283359.52 CAD. This is a 5.14% increase over last month's total.
The portfolio is estimated to produce an estimate $12455.81 CAD in dividend income over the next 12 months. This is an increase of $244.39 CAD , or 2.00%. 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.
Dividend increases or decreases announced already for April 2025, 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 financia
