Canadian Dividend Stocks for Retirement Income
These stocks offer good dividend yields for investors seeking steady passive income.
Canadian pensioners are searching for ways to generate reliable retirement income inside a self-directed Tax-Free Savings Account (TFSA) to complement the Canada Pension Plan (CPP), Old Age Security (OAS), and other pension earnings.
One popular TFSA investing strategy involves owning top TSX dividend stocks that have solid track records of delivering steady and growing distributions.
Enbridge: A Top Dividend Stock
Enbridge (TSX:ENB) trades near $65.50, down about $5 from the 2025 high, giving investors a chance to buy on a dip.
The energy infrastructure giant should benefit from ongoing cuts to interest rates in Canada and the United States as the central banks continue their pivot from fighting inflation to supporting the economy.
Author's summary: Invest in Canadian dividend stocks for retirement income.
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