January 2023 Passive Earnings – A New 12 months Brings A Lil Pup! — Passive Canadian Earnings

  • 4 sources of passive Earnings
  • $848.52 from dividends
  • 41 shares/models dripped in January
  • Trailing 12 Month Portfolio Return 2.11%

Hey Hey Hey

What a begin to the yr eh? The market is flying and the offers are getting tougher to seek out. Bitcoin is up over 37% in January as effectively. Does it make sense? I dunno…. We’re beginning to see huge tech layoffs, loopy power payments and a few corporations reducing steering. However general issues do look higher out there than what I used to be anticipating, though winter isn’t over but. One may argue – right here in Ontario that it truly simply begun. (round -30 the final couple days) This month’s Enbridge invoice is gonna be enjoyable!



In November we needed to put down our husky Sage after being collectively for nearly 16 years. We deliberate to be canine free for awhile, the home can be quieter, travelling can be simpler and so on and so on. Properly that didn’t final lengthy, after our journey final month I used to be prepared for an additional canine. The home was too quiet and let’s be sincere we don’t stroll our canines, they stroll us. I missed that loads, occurring hikes or simply taking the canine on walks.

Properly we went to the acute after seeing not many child pleasant/canine pleasant canines on the humaine society. We acquired an 8 week outdated pet. What have been we pondering! Its a variety of work, I’ve by no means had a pet in my life earlier than. You recognize will probably be some work however boy oh boy haha. In any case shes getting higher – Home educated crate educated and so on however we have to work on her leaping on the children skillz. haha

In any case shes a mini Australian sheppard, border collie cross. Stuffed with power, loves enjoying fetch, operating and barking……….

I acquired that bowflex I discussed final month. Its been nice and I’ve been utilizing it fairly a bit. Physique is getting swole and the spouse is giving me that wink once more. (outdated bowflex industrial) At the beginning I used to be actually good with food regimen however have began falling off that once more. Room for enchancment nonetheless.

Our daughter turned 5 and was lastly in a position to have her first actual birthday Social gathering. (covid lockdowns) Chucky cheese. It was a good time and so they even have all you possibly can play packages, which was simply implausible.

Alright, Let’s Get To Our December 2022 Passive Earnings

Raises/ Cuts

Let’s begin this off with the unhealthy information, all of us knew it was coming.. Algonquin lower its dividend by 40%, an enormous lower however actually I used to be anticipating a 50% lower as soon as the inventory worth tumbled and so they talked about they might be their dividend. Their debt is an enormous concern and kinda looks like a canary within the coal mine scenario on this rate of interest atmosphere. Will this dividend lower be sufficient to repair the scenario? Time will inform. They nonetheless personal the water and renewable’s although, so I’m holding on to this place.

Complete ahead dividends misplaced – 287.84

CNR – They introduced their yearly elevate in January like clockwork. The elevate was decrease than I used to be anticipating (primarily based on historic raises) however nonetheless was a pleasant 7.8% elevate. This added $25.07 to their ahead revenue.

APD – One among my greatest pickups in 2022 got here by. Not solely has this inventory jumped from like 220 final yr to over 300 however in addition they proceed to lift that dividend. They raised their dividend 8% including a further $23.92. Hydrogen continues to be an space I’m actually enthusiastic about shifting ahead and so they appear to be rather well positioned for that shifting ahead.


Complete Added Earnings from Dividend Raises in 2023 – Unfavourable $238.85

Sadly we begin 2023 with destructive ahead revenue from raises and cuts. Whereas our portfolio is filled with higher corporations than once I first began, cuts can and do nonetheless occur.


August 2022 Passive Income

January 2022 Dividend Earnings

9 Firms paid us this month.

Shares January 2022 Earnings January 2023 Earnings
Rit ETF 66.35 (3 Drips) bought
Sensible Centres 33.45 (1 Drip) bought
Restaurant Manufacturers 75.07 bought
Financial institution of Nova Scotia 105.00 (1 Drip) bought
Nutrien 27.99 31.21
Telus 87.09 (2 Drips) 1.40
Bell Canada 140.88 (2 Drips) 155.48 (2 Drips)
TD Financial institution 117.48 (1 Drip) 42.24
Aecon 0 116.55 (12 Drips)
TC Vitality 117.45 (1 Drip) 159.30 (2 Drips)
Cisco 51.06 53.58 (1 Drip)
Xaw ETF 90.09 (2 Drips) 82.68 (2 Drips)
Algonquin Energy 113.02 (6 Drips) 206.08 (22 Drips)
Totals 1,024.93 848.52

41 shares/models Dripped in January.

Our dividend revenue is decrease yr over yr as we bought a bunch of positions to repay our heloc. The decrease costs of Algonquin and Aecon actually pumps up our drips although. This can be a file for drips. =)

In case your try our Earlier Dividend Earnings Experiences.

Our Drips (Dividend Reinvestment Program) added $36.14 in future dividends.

January 2023 dividends

Different Earnings

Personal Funding Fee – $1000.00

1k a month, very good!

Photo voltaic Panel Earnings

In December (We all the time receives a commission a month later) our photo voltaic panel system generated 115 kWh. Since we usher in a set charge of 28.8 cents per kilowatt hour, Hydro One deposited $27.98 into our chequing account this month.

Final December the system generated $36.33 so we’re barely decrease. Winter months for photo voltaic undoubtedly don’t do a lot.

Complete Earnings for 2023 – $27.98

System Put in January 2018

Complete System Price ——–$32,396.46

Complete Earnings Acquired ——–$12,200.27


Quantity to Break even —- $ –20,196.19

Slowly however certainly. 5 Years of getting the system and we have now paid off 37.65% of the system. Positively decrease than what we have been informed the system would generate. Is it the tree or only a traditional gross sales pitch of over promise? Who is aware of, it’s what it’s. Convey on the summer time!


Money Again Credit score Card

Yearly in January we get cash from utilizing our cashback Bank card the earlier yr. We all the time pay our balances off, so that is bonus cash. In January we acquired $763.84. Candy! An enormous soar from 2022, clearly we’re spending extra…. Inflation?

January 2023 Pie Chart

Complete January 2023 Passive Earnings – $2,640.34

January 2022 Passive Earnings – $2,257.44

Whereas our dividend revenue is down, the general passive revenue continues to extend. It’s a ravishing factor!

January 2023 Passive Income

Totals For 2023

Dividends 12 months To Date Complete – $848.52
Different Passive Earnings 12 months up to now – $1,791.82
Complete Passive Earnings for 2023 —– $2,640.34
12 months Finish Purpose – $26,000

We ended 2022 with a passive revenue simply over 24k. The aim for this yr is 26 thousand. Not an enormous enhance, however a strong one general. I don’t need to be chasing yield simply to attain the next revenue aim. Let’s get it!



January Inventory Purchases

Let’s be sincere, my buys have been extraordinarily boring recently. I continued to develop our Microsoft place. Over the past yr we grew our place from virtually nothing to now a prime 3 place. At present I feel it is a full place now until we see Microsoft below 200….

We added 7 extra shares of Microsoft for $226.93 per share including $19.04 in ahead revenue.



As I discussed firstly of this put up Bitcoin has been on a large tear because the begin of the yr. With the ftx scandal within the rear mirror, crypto can run once more. Simply bear in mind all these scandals and stuff is all the time these crap cash… Personally I’m solely sticking with Bitcoin.

Complete invested – $310




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Monetary Objectives Replace


Etf Month-to-month Minimal Buy of $250

  • This month we added 6 extra models of xaw etf.
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January 2023 Passive Earnings Conclusion

The yr begins off with plenty of excellent news,  however the algonquin lower nonetheless hurts. Its a part of investing although, all the time keep diversified. The yr is younger, there’s nonetheless loads of time to set new highs in revenue.


When Nothing is Positive, Every thing is Attainable – Margaret Drabble

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