TOKYO, December 10, 2021-( BUSINESS WIRE)- Mitsubishi Electric Corporation (TOKYO: 6503) announced today that the international nonprofit CDP has once again given Mitsubishi Electric its highest "A List" ranking for climate-change activities. The Motley Fool recommends Enbridge.Company’s environmental activities continue to be recognized as first tier The 4 Best Dividend Stocks to Buy in Canada This DecemberĪir Canada (TSX:AC) Stock Could DOUBLE by 2022: Here's Howįorget Lucid: Buy a Buffett-Backed EV Stock Insteadįool contributor Aditya Raghunath owns shares of ENBRIDGE INC. And right now, they think there are 10 stocks that are better buys. The online investing service they've run since 2013, Motley Fool Stock Advisor Canada, has beaten the stock market by over 3X. Motley Fool Canadian Chief Investment Advisor, Iain Butler, and his Stock Advisor Canada team just revealed what they believe are the 10 best stocks for investors to buy right now. Should you invest $1,000 in Suncor Energy right now?īefore you consider Suncor Energy, you may want to hear this. The post Canada Revenue Agency: The BPA Could Reduce Your Tax Bill by $2,160 in 2022! appeared first on The Motley Fool Canada. After adjusting for dividend payouts, ENB stock is up over 21% in the last year. Right now, an investment of $2,000 in ENB stock will allow you to generate close to $140 in annual dividend payments. It basically means around 70% of its distributable cash flows will be used to pay dividends to investors, and the rest will be used for capital expenditures or lowering of overall debt.įurther, Enbridge aims to increase its cash flows between 5% and 7% through 2023, which should allow the company to keep increasing dividend payouts higher. This is in addition to its capital requirements for the next year.Įnbridge is also focused on maintaining a payout ratio of less than 70% going forward. The company’s management team aims to increase its cash balance by $2 billion in 2022. Story continues ENB stock is a top dividend betĮnbridge has historically grown its base of cash-generating assets by expanding its capital program over time. Its robust business model has enabled Enbridge to generate cash flows across business cycles, which, in turn, supported dividend increases in each of the last 26 years. The barriers to entry in the oil and gas industry are extremely high, and it’s getting increasingly difficult to get approvals to expand pipeline networks right now.Įnbridge’s cash flows are backed by long-term contracts, making the company immune to fluctuations in commodity prices. It generates the majority of its EBITDA from its expansive network of oil and natural gas pipelines followed by natural gas utility operations and renewable power assets.Įnbridge transports around 25% of the total crude oil produced in North America, allowing it to benefit from a wide economic moat. One of the largest companies in Canada, Enbridge is valued at a market cap of $99 billion and an enterprise value of $175 billion. Enbridge offers investors a forward yield of 6.92% as well as the opportunity to benefit from long-term capital gains. Interest rates are near record lows, making it difficult for investors to beat inflation rates over time. Equities remain the best bet for long-term investors, and investing in dividend stocks such as Enbridge (TSX:ENB) (NYSE:ENB) can help you reach your financial goals at an accelerated pace. But you need to invest these savings to create long-term wealth.
Invest these tax savings in dividend stocks such as Enbridge So, you will be able to save $2,160 (15% of $14,398) in your annual taxes if your taxable income is less than $155,625. It also provides a partial reduction to those with a taxable income above the BPA.įor 2022, the Canada Revenue Agency has increased the BPA to $14,398.
The BPA credit aims to provide a reduction from federal income tax to individuals with taxable income below the BPA. One such non-refundable tax credit is the basic personal amount (BPA) that can be claimed by all residents. While the taxes in Canada are some of the highest in the world, the federal government and the Canada Revenue Agency provide residents with tax credits that can help reduce their financial burden. Written by Aditya Raghunath at The Motley Fool Canada
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