Question 1

What is financial independence?

Accepted Answer

Financial independence is the state of having sufficient personal wealth to live, without having to work actively for basic necessities. It is the ability to live off your investments and passive income streams.

Question 2

What is the difference between financial independence and early retirement?

Accepted Answer

Financial independence is about having enough wealth to live comfortably without the need to work, while early retirement specifically refers to leaving the workforce before the traditional retirement age. Financial independence can allow for early retirement, but early retirement does not necessarily mean one has achieved financial independence.

Question 3

What are the best Canadian dividend stocks?

Accepted Answer

Some of the best Canadian dividend stocks include Royal Bank of Canada, Enbridge, Fortis, Canadian National Railway, and Toronto-Dominion Bank. These companies have a long history of paying and raising dividends, making them attractive options for dividend investors.

Question 4

What are the top Canadian dividend ETFs?

Accepted Answer

Top Canadian dividend ETFs include the iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ), the BMO Canadian Dividend ETF (ZDV), and the Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY). These ETFs provide exposure to a diversified portfolio of Canadian dividend-paying companies.

Tawcan

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About Tawcan

Frequently Asked Questions about Tawcan

What is financial independence?

What is the difference between financial independence and early retirement?

What are the best Canadian dividend stocks?

What are the top Canadian dividend ETFs?

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