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The red-hot inflation made it clear to Canadians that having just one revenue stream is not going to cut it. Having alternative means of income to supplement your primary income is necessary to meet your needs. While working more than one job is a possibility, creating a passive-income stream is a better idea to achieve financial freedom.
To this end, investing in the stock market can be an excellent approach. Using your money to buy and hold dividend stocks gives you the chance to use your money to make more. Allocating your money to dividend stocks that increase payouts can help you keep pace with and even beat inflation.
Here are two TSX dividend stocks with high dividends you can consider adding to your portfolio.
Fortis
Fortis (TSX:FTS) can be an excellent investment if you want to generate passive income through stock market investing. Fortis is a conglomerate that owns and operates several…
