July 2022 Update – Vacation Edition. *Warning* Lots of cute animal pictures.

Dividend Income & Portfolio Update

Personal Highlights

  • The month started off pretty shitty (literally) as 75% of our household caught a 24 hour stomach flu (I was the one lucky one who somehow didn’t catch it).  However we ended July off with a bang! We spent the last 10 days at the cabin on a nice little vacation.  Unfortunately it’s back to the real world tomorrow 😦
  • We took the kids to “Boomers Funny Farm” a petting zoo/farm just north of our cabin.  The kids had a great time playing with/petting the animals and going for a mini horse ride.  Highly recommend it to anyone in the Winnipeg Beach/Gimli area.  Here are a bunch of pics from our hour long tour of the farm:
    Boomers Funny FarmBoomers Funny FarmBoomersBoomersBoomers Funny FarmPetting ZooMini HorseHorse Riding
  • Got to spend a lot of time with family this month, including some cousins/aunts I haven’t seen in a while, and a whole week with my cousin who was visiting from Texas.  Lots of drinks & fun times.
  • My brother in law made me a wooden map/art piece of the village where our cabin is a couple of years ago for my birthday.  I finally got around to hanging it up at the cabin this week while we were out on vacation:
    Map Art Whytewold
  • And for no particular reason, here is my favorite pic of the month of my son Isaac….
    Whipping Cream

    Financial Highlights for July:

  • Regular readers will know I’ve been really focusing on maxing my TFSA out this year.  As of January 1st, I had $29,614 contribution room available.  In the first 7 months of the year I’ve been able to contribute $20,956.46.  I am hopeful by the end of the year I’ll have this maxed out.  Once this is maxed out – we will focus on maxing out Amber’s(she has 50k+ room).
  • In July, I contributed $1700.00 to my TFSA.  I now have just $8657.54 contribution room left to max out before the end of the year!
  • I didn’t make any stock purchases in July (besides dripped shares).
  • Received dividends from 13 companies and 2 funds.  Dripped an additional 73 shares/units (nice).  Last year I dripped a total of 603 new shares.  So far this year I have dripped 409 shares in the first 7 months!

Passive Income Update For July 2022.

TFSA’S:

Diversified Royalty Income: $29.62 (dripped 11 shares)

Telus: $65.35 (dripped 2 shares)

Artis Reit: $50.45 (dripped 4 shares)

Algonquin Power: $246.93 (dripped 14 shares)

European Residential Reit: $7.82 (dripped 2 share)

Power Corp: $122.27 (dripped 3 shares)

RBNK: $81.26 (dripped 3 share)

Nexus Reit: $15.47 (dripped 1 share)

Canadian NET Reit: $10.64

TFSA’s Total: $629.81

RRSP:

Canadian Equity Income Distribution: $390.00 (dripped 10 units)

Equitable Group: $215.47 (dripped 4 shares)

GoEasy Financial: $390.39 (dripped 3 shares)

New Flyer: $36.90 (dripped 2 shares)

Alimentation Couche Tard: $66.55 (dripped 1 share)

Transcontinental: $215.10 (dripped 13 shares)

RRSP Total: $1314.41

Total Passive Income July 2022:  $1944.22!  *32% of this was 100% Tax Free!

2022 Portfolio Update:

Portfolio increased 4.59% to $514,403.00.  

Dividends in July were up 38% YoY compared to last July!

Last year (2021) I received $14,022 in dividends.  So far in 2022, I have received $9949.14.  My forward 12 month dividend income is sitting at $15,180.15*. 

*That doesn’t include any year end/special distributions. 

I am still hoping to crack $18,000 by year end.  35% of my dividend income ($3512.44) in 2022 has been completely tax free.  Last year – only 25% of my income was tax free – so it’s nice to see the focus on the TFSA has been paying off!  

How was your July?  I hope everyone is looking forward to a great August – I know I am – I’ll be turning THIRTY NINE in August!