Comments on: The Top Ten Canadian DRIPs

By: MoneyEnergy

MoneyEnergy — Wed, 03 Feb 2010 04:58:18 +0000

@Derek – yes, it’s updated – I’ll post the link back in the article again – but you can also find it in the trackbacks. I’ll put the updated version over in the sidebar, thanks. Good job getting started – let me know how it goes.

By: Derek

Derek — Tue, 02 Feb 2010 14:56:56 +0000

Hi,
I’m new to DRiPs and I’m currently awaiting my initial shares on BMO, Sun Life Financial, Bank of Nova Scotia and RioCan.

Your list came in handy especially in pointing me to BMO. Just wondering if you are planning to update it any time soon?

Thanks.

By: MoneyEnergy

MoneyEnergy — Mon, 25 Jan 2010 20:50:11 +0000

@Shaila, you’re right, you need to do the full DRIP outside an RRSP. I’ve looked into MoneyPaper but the way things have turned out, I’ve stuck mostly to Canadian stocks and it’s easier to buy direct through a broker (eg., BMO) then order the certificate and use Computershare/CIBC Mellon. You can definitely open a DRIP in your child’s name, others have done this. You could ask the Computershare agent about it.

By: shaila

shaila — Mon, 25 Jan 2010 06:33:38 +0000

Thanks for the suggestion. I have an account with a discount broker (BMO) but its an RRSP account. In order to do a regular (not synthetic DRIP) I need a non-RRSP account right? So do I need to open a non- RRSP account, or would it be easier to go with money paper.

Also I would like to open a DRIP for each of my two kids (both less than 3 years old). Any suggestions?

What book would you recommend for canadian DRIP? Thanks

By: Best Canadian DRIP Plans 2010

Best Canadian DRIP Plans 2010 — Sat, 23 Jan 2010 09:32:02 +0000

[...] reader suggested that I post an update to my previous ranking of the top ten Canadian DRIPs to take into consideration what I’d say now, at the beginning of 2010, one and a half years [...]

By: MoneyEnergy

MoneyEnergy — Sat, 23 Jan 2010 00:43:04 +0000

Hi Shaila, thanks for the suggestion, I might do that. What would be my top DRIP pick now? I’m looking at TransCanada and Enbridge in particular – maybe not the banks again yet until they pull back a bit from their highs. BMO has definitely raised its profile again lately with better balance sheets and it’s been getting more positive attention from analysts.

I think I’d say TransCanada, then Enbridge. Check their prices, see if you can jump in at a bit of a discount.

By: shaila

shaila — Fri, 22 Jan 2010 22:17:59 +0000

Hi, great site! Have you since updated your top 10 DRIPs in Canada? If so please could you post it. Would you still rank BMO as #1? I am a beginner and would like to start with 1 DRIP, I am thinking of BMO as per your recommendation. Thanks!

By: MoneyEnergy

MoneyEnergy — Wed, 21 Oct 2009 05:30:03 +0000

@Rory – I don’t use ShareOwner for the TFSA, so I didn’t know that. Thanks for pointing it out. I have a TFSA in Waterhouse — no annual fee there.

By: Rory MacKay

Rory MacKay — Wed, 21 Oct 2009 02:35:55 +0000

I looked at Canadian Shareowner, MoneyEnrgy, but they charge $50 p.a. just for the TFSA — Questrade might be better for the small-scale investor, allowing transfers in from non-TFSA savings schemes as CGI shares could be shovelled in from time to time. Aberdeen Asia-Pacific Income (traded on the TSE but possibly one of Aberdeen’s UK registered IT’s) has a Canadian dollar DRIP through CIBC-Mellon too, but no joy yet on EVT and its sister Canadian IT, United Corporations. Canada Trust Income might be worth a look too.

By: MoneyEnergy

MoneyEnergy — Tue, 13 Oct 2009 02:52:06 +0000

@Rory – good points. I’m finding I’m taking a second look at CGI again, too. I’m not familiar with EVT. What do you think about straight ETF plays – cheaper. You could “DRIP” them through Canadian ShareOwner.