Written by Aditya Raghunath at The Motley Fool Canada
Creating multiple passive income streams will help Canadian retirees supplement pension plans such as the Canada Pension Plan and Old Age Security. This strategy should help most retirees lead comfortable lives even when their monthly paycheque stops.
A low-cost strategy to begin a recurring passive income stream is investing in blue-chip dividend stocks that offer an attractive yield. Here are two quality TSX dividend stocks that can provide you with big income in retirement. Let’s dive deeper.
TC Energy stock
Valued at $47.4 billion by market cap, TC Energy (TSX:TRP) has generated a compounded annual growth rate of 11% to shareholders since 2000. Despite these steady gains, it offers investors a dividend yield of 6.2%, given an annual payout of $2.85 per share.
With $128 billion in total assets, TC Energy operates a pipeline network that transports natural gas…
