Tawcan is a Canadian personal finance and dividend investing blog that chronicles my quest for financial independence and joyful life.
I started this blog to show it is possible to achieve financial independence as a single-income family with two young kids while living in Vancouver Canada, one of the most expensive cities in the world.
My wife and I started building our dividend portfolio in 2011 after a financial epiphany.
Today, the portfolio generates over $5,400 in dividends per month. We originally dreamed of becoming financially independent and living off dividends by 2025. Although we could live off dividends by supplementing it with a part time income in 2025, we aren't in a rush to cross the so called "finish line." Therefore, we are taking it easy and we plan to realize the dream of living off dividends before 2030.
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Some people look at the RRSP and think it’s not a useful account to utilize for retirement savings because withdrawals (and also RRIF withdrawals when you need to convert RRSP to RRIF) are fully taxed …
Life is uncertain. We are living our day-to-day lives with a certain level of uncertainty, but that’s part of the fun. Some people don’t like having too many uncertainties, so they take actions and precautions …
I have set goals and resolutions at the beginning of the year since 2019. To track them, I record them in a spreadsheet and update my progress throughout the year. To keep myself accountable, I …
Welcome to my favourite post to write – the monthly dividend income update! Why do I enjoy writing these monthly income updates so much? Because they demonstrate that it is possible to build up a …
As we are getting closer and closer toward our goal of early retirement, we have been doing a lot of projections, calculations, and planning. While it’s somewhat easy to estimate our income and expenses in …
One of the most underappreciated components in dividend investing is tax efficiency. That’s why Reader B talked about it at length about it in my Q & A with him. Therefore, understanding how dividend income …
We have been building our dividend portfolio since 2011. Over the last 14 years, we have made many mistakes, which have allowed us to learn many valuable lessons. Needless to say, our portfolio has gone …
