Home Side hustle June 2023 Passive Earnings – Canada Eh?

June 2023 Passive Earnings – Canada Eh?

June 2023 Passive Earnings – Canada Eh?


  • 3 sources of passive Earnings
  • $1,172.37 from dividends
  • 17 shares/models dripped in June
  • Trailing 12 Month Portfolio Return +5.84%

    S&P 500 12 Month Whole Return +19.59% for June 2023

    S&P/TSX Composite Index 12 Month +9.72% July 4th 2023

I used to be completely happy to see such a soar within the trailing 12 month return till I in contrast every thing. Wow this month we’re trailing by a good margin. Perhaps its a reminder to get extra growthy dividend progress shares within the portfolio, or simply beef up current ones..

The market appears to simply be ignoring these rate of interest hikes. In the meantime right here in Ontario, I’ve learn articles that cottage costs are dropping like loopy 12 months over 12 months.. Who is aware of what is going to occur however that is one thing we’ve lately been wanting into a little bit extra. Shopping for a cottage. I don’t know precisely how a lot we’d use one however we could cut up one along with her sister who’s a air bnb wizard. Time will inform, we’re in no rush simply searching in the intervening time.

Pleased Canada Day! At all times good to have a good time this lovely nation we name dwelling. Sadly Canada day additionally got here with one other new carbon tax. Carbon tax #2…. Despite the fact that we’re one of many worlds smallest polluters we now have 2 carbon taxes… Why would our govt actually wanna combat inflation and decrease our price of residing?……….. However don’t fear this govt will likely be sending out bribes, opps sorry grocery inflation reduction cheques this month. Free cash for everybody! Lets see how that fights inflation.


We did our first tenting journey of the 12 months this previous weekend (Canada day) to a different new park – this time Level farms provincial park. It was a pleasant park with a large open group website, which was truly kinda good. We had been a little bit frightened about our canine as shes tremendous anxious and hyper. She usually throws up on 15min automotive rides however with some gravol she made it each instances for about 2 hrs. On the canine seashore she lived it up leash free (nobody round) and dove proper into the water to play fetch. That is one thing our earlier husky would by no means do. Very good to see.

sound of music festival

The climate has been fairly good on the weekends so we had been in a position to hit up the seashore and likewise went to The sound of music pageant. We obtained to eat some nice meals truck meals and watched I mom Earth and crash check dummies. Simply Superior.

I booked 2 tickets to see machine gun kelly within the fall and we additionally booked our flight to Florida this winter. We will likely be happening a cruise, disney 1 day and common studios 1 day. Must be a good time, I cant wait to get again on a cruise ship.


Alright, Let’s Get To Our June 2023 Passive Earnings

Raises/ Cuts

This month we had 1 increase announcement.

Normal Mills got here by with a strong 9.3% dividend increase. In fact we had been very completely happy to listen to about this one. Normal Mills is considered one of our largest holdings so this increase provides $29.41 to our ahead dividends. (This inventory has finished very properly for us contemplating our price foundation is simply over 55 a share as properly)

Whole Added Earnings from Dividend Raises in 2023 – Unfavorable $-48.24

Nonetheless underwater from that 1 dividend reduce this 12 months… Quickly sufficient we will likely be constructive although.


August 2022 Passive Income

June 2023 Dividend Earnings

11 Corporations paid us this month.

Shares June 2022 Earnings June 2023 Earnings
Manulife Monetary 136.95 (6 Drips) offered
Good Facilities 34.23 (1 Drip) offered
Rit Etf 67.37 (4 Drips) offered
Microsoft 18.60 usd 33.32 usd
House Depot 19.00 usd 20.90 usd
Stanley Black & Decker 21.60 usd
Lockheed Martin 61.60 usd 66.00 usd
Canadian Nationwide Railway 70.32 86.11
JNJ 75.71 usd 79.73 usd
XAW ETF 75.62 (2 Drips) 86.71 (2 Drips)
Fortis 94.70 (1 drip) 131.08 (2 Drips)
Brookfield Renewable 109.28 (2 drips) 152.88 (3 Drips)
Suncor 177.66 (3 Drips) 218.92 (5 Drips)
Enbridge 254.56 (3 drips) 275.12 (5 Drips)
Totals 1,195.60 1,172.37

17 shares/models Dripped in June.

Slightly below final years whole, however contemplating we offered 3 holdings bringing in over 240, I’ll take it as win. Fairly good progress all issues thought-about..

In case your try our Earlier Dividend Earnings Reviews.

Our Drips (Dividend Reinvestment Program) added $37.52 bucks to our ahead earnings. Good!

June 2023 Passive Income

Different Earnings

Personal Funding Fee – $1000.00

1k a month, very good!

Photo voltaic Panel Earnings

In Could (We at all times receives a commission a month later) our photo voltaic panel system generated 1,250 kWh. Since we usher in a hard and fast charge of 28.8 cents per kilowatt hour, Hydro One deposited $360.33 into our chequing account this month.

Final Could the system generated $337.87, so this month has introduced a little bit extra solar.

Whole Earnings for 2023 – $864.22

System Put in January 2018

Whole System Price ——–$32,396.46

Whole Earnings Acquired ——–$13,036.51


Quantity to Break even —- $ —19,359.95

Convey on the solar!



June 2023 Passive Income

Whole June 2023 Passive Earnings – $2,532.7

June 2022 Passive Earnings – $2,533.47

Haha! A pair cents lower than final 12 months. Loopy how related that’s truly. Breaking 2500 as soon as once more positively places a smile on my face although. =)

June 2023 Passive Income

Totals For 2023

Dividends 12 months To Date Whole – $4,549.15
Different Passive Earnings 12 months to this point – $7,628.06
Whole Passive Earnings for 2023 —– $12,177.21
12 months Finish Objective – $26,000 (46.83%)

6 months in and we’re barely behind the purpose, time to get to work.. Or extra solar can be good.



June Inventory Purchases

This month we made 2 purchases.

Telus – I assumed it was a good time so as to add to our measly 3 shares. (we obtained for promoting after ex dividend date) Below 26 bucks telus looks like an ideal deal and presents a fairly enormous yield with strong dividend progress. We purchased sufficient shares this month to get 1 drip every quarter. I plan to proceed constructing this place up at these costs.

We purchased 79 shares at $25.89 per share. This provides $114.89 in ahead dividends

TD Financial institution – We proceed to love this financial institution and these costs. The couple months we’ve been shopping for and now td is at 3.6% of our portfolio. I may focus right here till we get to approx 5% of our portfolio however I don’t see any rush shopping for the banks as they’ll have some headwinds to cope with the subsequent couple years. The monetary sector is our 2nd lowest sector in the intervening time so I at all times like beefing these low sectors up.

I purchased 25 extra shares at $78.13 per share. These 25 shares add $96 in ahead earnings.

All in all we added $210.89 in future yearly dividend earnings with these purchases. Clearly amassing some yield this month…..

Whole added ahead dividend earnings from purchases in 2023 – $621.12


Bitcoin had an ideal month and stays on a tear this 12 months, we proceed to place 20 bucks per week into it.



We determined to go together with shakepay as a result of it’s regulated in Canada and also you shake the telephone day by day to get some free sats (bitcoin). They lately modified the best way shaking sats is finished. You get a specific amount per day now

A 100 greenback deposit will get you 10 bucks and 10 for the referrer. Be happy to make use of my affiliate right here in case your involved in attempting out the crypto area. Or in case your a fan of the positioning and wanna toss me some btc my Shaketag is @hutz8

I recognize the assist.

Monetary Objectives Replace


Etf Month-to-month Minimal Buy of $250

  • This month we added 0 extra models of xaw etf.
  • Questrade* is nice as a result of it presents free etf trades and cheaper inventory buying and selling choices than most Canadian brokers. $250.00 a month would kill us if we wanted to pay excessive buying and selling charges.
  • * Observe the questrade hyperlink is a affiliate hyperlink and at no extra price to you, I’d get a little bit cost in case you had been to enroll. You might get $50 in free trades through the use of my affiliate hyperlink although.

We didn’t add this month as I felt like our purchases supplied a greater alternative in the intervening time.

June 2023 Passive Earnings Conclusion

Again within the 2500 a month membership, it feels good. Our earnings continues to be down barely 12 months over 12 months but when we issue within the curiosity we used to pay to service that line of credit score we at the moment are forward. Lets go! Hope you all are having an ideal summer season. Do you will have any plans for it to date?


Everybody of us will die. However so few of us will actually dwell – Mel Gibson – Braveheart



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