Dividends Canadian Banks

Question: What is a good Canadian bank to invest in that also pays a decent dividend?

I already received some good American Bank answers how about Canadian. The question is especially relevant now that the Income trusts in Canada are going to be taxed in 4 years.

Peace,
Merry Christmas

Answer: If this was 6 months ago I would have said CIBC. It was valued at MUCH MUCH less than the other banks even though its one of the largest. It also paid over 4% dividend. But it has increased in price by 20 to 30% and is now not as attractive.

Use globeinvestor.ca and use the filter tool. Find stocks that have high dividends that aren’t income trusts. And remember, Real Estate Investment Trusts (REIT’s) are tax exempt from the new laws. You can find some good REIT’s that pay 6 to 8% dividends each year.

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