August 2022 Update

Dividend Income & Portfolio Update

Personal Highlights

  • After going over 2+ years without catching it – few members of our family caught covid in August.  Somehow I managed to avoid it, and luckily the symptoms weren’t too bad.  Everyone is healed up and feeling better now! 
  • Had an MRI on my shoulder for an injury from about 10 years ago.  Still waiting on the results.

  • I celebrated my 39th birthday. Kept it low key, no big parties this year, but we did go see  The Wizard of Oz @ Rainbow Stage.  The performance was great, the kids loved it, and I’ll always have a soft spot for The Wizard of OZ because I played the Scarecrow in junior high.

  • The Premier League season has started, and I’ve been waking up Saturday & Sunday mornings at 630 AM to watch.  There’s been some great games already and Arsenal is top of the league!  I know it’s only 5 weeks into the season, but I need to celebrate that while I can..hah
  • Started getting some quotes to redo our roof – as it is overdue for some new shingles.  The first quote came in at $12,000, the second at $10,800 I am hoping this downward trend continues and we can get a couple more/push it below $10,000

  • Out for a walk with the kids:
    Dad

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    Financial Highlights for August:

  • 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 8 months of the year I’ve been able to contribute $22,438.13.  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).
  • August is one of the slower months of the year for dividends, but October & December are two of the biggest so I am hoping to finish the year off real strong.
  • In August, I contributed $1481.67 to my TFSA.  I now have just $7175.87 contribution room left to max out before the end of the year!
  • Bought 566 shares of European Residential Reit @ 3.77/share to add to my position.  These shares add an additional $89.00 to my annual dividend income and allow me to drip an extra share each month.
  • Received dividends from 5 companies and 2 funds.  Dripped an additional 31 shares/units.  Last year I dripped a total of 603 new shares.  So far this year I have dripped 440 shares in the first 8 months!

Passive Income Update For August 2022.

TFSA’S:

Diversified Royalty Income: $29.82 (dripped 11 shares)

Artis Reit: $50.65 (dripped 4 shares)

European Residential Reit: $7.85(dripped 2 share)

RBNK: $81.26 (dripped 3 share)

Nexus Reit: $15.52 (dripped 1 share)

Canadian NET Reit: $10.64

TFSA’s Total: $195.74

RRSP:

Canadian Equity Income Distribution: $392.17 (dripped 10 units)

Trailer Fund Rebate for RBC Equity Fund: $18.96

RRSP Total: $411.13

Total Passive Income August 2022:  $606.87.   32% of this was 100% Tax Free!

2022 Portfolio Update:

Portfolio decreased 1.32% to $508,000.00

Dividends in August were up 17% YoY compared to last August!

Last year (2021) I received $14,022 in dividends.  So far in 2022, I have received $10,556.61.  My forward 12 month dividend income is sitting at $15,384.00*. 

*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 this year 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!