TFSA Monthly Dividend Income (February 2022)

Our annual goal is to maximize the contribution limits of our TFSA beginning of each year. We aim to contribute the maximum allowable limit every first week of January which is $6,000 for 2022.

Here are the TFSA contribution limits by year since its inception.

  • 2009 – $5,000
  • 2010 – $5,000
  • 2011 – $5,000
  • 2012 – $5,000
  • 2013 – $5,500
  • 2014 – $5,500
  • 2015 – $10,000
  • 2016 – $5,500
  • 2017 – $5,500
  • 2018 – $5,500
  • 2019 – $6,000
  • 2020 – $6,000
  • 2021 – $6,000
  • 2022 –  $6,000

Total contribution room = $81,500


You may check here our  2022 Total DGI TFSA Portfolio and projected annual income.


Here’s the list of companies that pay us dividends in February. We own few similar stocks in our TFSA portfolio and a few individual ones.


The month of February has provided us $555.10 of passive income in our TFSA accounts alone. This has shown a 14.18% YOY growth compared to same period February 2021.

While we received 4 pay checks from work in the month of February (active income) yet we received 20 paychecks from different companies for the same month in our TFSA alone without spending a single hour at work (passive income). Our ultimate goal is to live off passive income through dividends without harvesting its capital.


Moreover, in our effort to consolidate our stock holdings in our TFSA we decided to part ways with a few of our stocks: NWC, SJ, SIS, RNW, ENGH, KMP.UN, and CAR.UN. While it was difficult to let them go but we are now trying to keep solid and quality stocks in our TFSA. We may sold some of these in our TFSA yet we still keep some of them in our RRSP and non-registered accounts.

Monthly Goals

We aim to reinvest our dividends on a monthly basis. Here’s the total transactions we have in our TFSA in February. Follow this link to where we invest our 2022 TFSA contribution limit.



  • Sold KMP.UN     = 57 shares (Gains)
  • Sold NWC          = 84 shares (Gains)
  • Sold RNW          = 150 shares (Gains)
  • Sold SIS             = 115 shares (Gains)
  • Sold SJ              = 24 shares (Loss)
  • Sold ENGH         = 54 shares (Loss)
  • Added BCE        = 22 shares
  • Added CNR       = 12 shares
  • Added CP          = 10 shares
  • Added MFC       = 49 shares
  • Added POW      = 50 shares
  • Added T             = 36 shares
  • Added SGR.UN = 3 shares
  • Added BMO       = 2 shares
  • Added BNS        = 3 shares
  • Added CM          = 3 shares
  • Added NA           = 4 shares
  • Added RY          = 4 shares
  • Added TD          = 4 shares


  • Sold CAR.UN     = 37 shares (Gains)
  • Sold NWC          = 41 shares (Gains)
  • Sold SIS             = 100 shares (Gains)
  • Sold RNW          = 200 shares (Gains)
  • Sold SJ              = 46 shares (Loss)
  • Sold ENGH        = 50 shares (Loss)
  • Added BCE        = 25 shares 
  • Added CNR        = 5 shares
  • Added CP           = 20 shares
  • Added ENB         = 12 shares
  • Added POW        = 43 shares
  • Added CRT.UN   = 118 shares
  • Added SGR.UN   = 134 shares
  • Added T               = 58 shares

Note: For transparency I have started this blog with my commitment to post our TFSA dividend income only. We don’t have any intention to post the total value of our portfolio or  personal net worth updates. Thank you for your understanding.


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