A TFSA (Tax-Free Financial savings Account) is a perfect software for making long-term investments, as traders can develop their investments (as much as a specified quantity known as the contribution restrict) tax-free. On this low-interest-rate setting, investing in high-yielding dividend shares is a perfect technique to spice up your passive revenue.

The cumulative contribution restrict for a person who has been eligible since 2009 and has by no means contributed is $102,000. Of this quantity, if traders allocate $60,000 equally within the following three monthly-paying dividend shares, they will earn over $300 per 30 days in passive revenue.

SmartCentres Actual Property Funding Belief

Actual property funding trusts (REITs) are well-suited for income-focused traders, as these firms are required to pay out greater than 90% of their taxable earnings to shareholders. Subsequently, I’ve chosen SmartCentres Actual Property Funding Belief (TSX:SRU.UN), which owns and operates 197 properties throughout Canada, as my first decide. Given its strategically situated properties and strong buyer base, the REIT enjoys a wholesome occupancy charge, which stood at 98.6% on the finish of the second quarter of 2025.

In the meantime, demand for retail area continues to develop, whereas provide stays restricted attributable to excessive building prices and elevated rates of interest. Amid demand progress, the corporate is steadily increasing its asset base, holding 58.9 million sq. ft of accepted improvement initiatives. Of those approvals, the corporate has round 0.8 million sq. ft of properties underneath building. The rental progress amid bettering buyer site visitors and strengthening tenant base may additionally help its monetary progress. Contemplating its wholesome progress prospects, I imagine SmartCentres, which at the moment provides a wholesome ahead dividend yield of seven.03%, is well-equipped to proceed paying dividends at a wholesome charge.

Whitecap Assets

One other high-yielding dividend inventory that I imagine can be best for income-seeking traders is Whitecap Assets (TSX:WCP), which at the moment provides a ahead dividend yield of 6.95%. The corporate not too long ago grew to become Canada’s seventh-largest oil and pure fuel producer by the strategic mixture with Veren. Together with the strengthening of its manufacturing capabilities, the merger has strengthened its stability sheet by bettering liquidity and lowering leverage.

Furthermore, the early synergies from the combination of Veren’s property and workforce have supported WCP’s price efficiencies and strengthened its credit score profile. Moreover, the corporate’s administration anticipates additional enhancements in capital effectivity and working price financial savings over the subsequent six to 12 months by leveraging shared experience and greatest practices throughout its built-in portfolio. Together with these progress initiatives, the corporate’s deliberate capital funding of $1.2 billion within the second half of this yr may enhance its manufacturing, thereby driving its financials. Contemplating all these elements, I imagine WCP’s future dividend payouts seem well-secured.

Pizza Pizza Royalty

Pizza Pizza Royalty (TSX:PZA) is a formidable addition to income-seeking traders attributable to its extremely franchised enterprise mannequin. The corporate operates Pizza Pizza and Pizza 73 model eating places by its franchisees, amassing royalties primarily based on their gross sales. Subsequently, its monetary efficiency is much less susceptible to fluctuations in commodity costs and rising labour prices.

Furthermore, PZA is increasing its footprint and expects to boost its conventional restaurant rely by 2-3% this yr. Together with these expansions, the corporate’s same-store gross sales have improved amid menu improvements and strategic sports activities partnerships. The corporate can be persevering with with its renovation program, which may assist enhance its same-store gross sales. Contemplating all these elements, I imagine PZA, which at the moment provides a wholesome ahead dividend yield of 5.9%, may proceed paying dividends at a more healthy charge.