Investing in Canadian corporations that persistently increase their dividends is one method to construct a passive-income stream that retains rising. Notably, the TSX has a number of high-quality dividend shares which have elevated their dividends by way of recessions, commodity cycles, and shifting rate of interest environments.
What units these TSX shares aside is the sturdiness of their underlying operations. They usually function in industries with regular demand, have robust aggressive positioning, and generate resilient earnings. With disciplined capital allocation and sustainable payout ratios, they’ll preserve dividends throughout difficult intervals and steadily increase them.
In opposition to this background, listed below are three Canadian shares that may make it easier to earn a rising passive-income stream.
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Passive-income inventory #1: Fortis
Fortis (TSX:FTS) is without doubt one of the most dependable Canadian dividend shares to generate a passive revenue that retains rising. This utility firm is concentrated on electrical energy transmission and distribution and generates predictable money stream underneath rate-regulated frameworks that assist insulate earnings from financial volatility.
The corporate’s predictable, rising money stream has enabled it to extend its dividend yr after yr. In November 2025, Fortis lifted its payout by 4.1%, marking 52 consecutive years of will increase. The inventory at the moment yields about 3.3%, supported by constant, low-risk earnings.
Wanting forward, Fortis plans to take a position $28.8 billion over 5 years, primarily in regulated utility belongings. This disciplined capital allocation is anticipated to broaden its price base from roughly $42 billion in 2025 to $58 billion by 2030. Greater price base will drive its earnings and help its projected annual dividend development of 4% to six% throughout this era.
Additional, with rising electrical energy demand and a robust stability sheet, Fortis is well-positioned to ship regular revenue, stability, and development.
Passive-income inventory #2: Enbridge
Enbridge (TSX: ENB) is a horny alternative for buyers in search of a sturdy and rising passive revenue stream. The vitality infrastructure large has distributed dividends for greater than 70 years. Furthermore, it has raised its payout yearly since 1995, no matter financial and commodity cycles.
Enbridge’s payouts are supported by its resilient enterprise mannequin that generates regular earnings and distributable money stream (DCF) per share. The vast majority of its EBITDA is generated from regulated belongings and long-term, take-or-pay contracts, limiting publicity to unstable oil and gasoline costs. About 80% of EBITDA is listed to inflation, offering a built-in hedge in opposition to rising prices. Its huge North American pipeline and utility community connects key provide and demand hubs, guaranteeing persistently excessive utilization.
In December, Enbridge elevated its quarterly dividend by 3% to $0.97 per share ($3.88 yearly), payable starting March 1, 2026. That represents a yield of roughly 5.5% at present costs. With a goal payout ratio of 60–70% of DCF and projected mid-single-digit earnings development, Enbridge seems well-positioned to ship dependable, rising passive revenue for long-term buyers.
Passive-income inventory #3: Canadian Nationwide Railway
Canadian Nationwide Railway (TSX: CNR) is a dependable Canadian dividend inventory to generate passive revenue. It’s certainly one of North America’s largest rail operators and operates an unlimited community integral to the area’s provide chain. It hauls important items starting from vitality and agricultural merchandise to manufactured and client gadgets. This broad attain provides the corporate a aggressive moat and helps cushion outcomes throughout financial slowdowns.
Just lately, CNR elevated its quarterly dividend by 3%, marking 30 consecutive years of dividend development. That monitor document displays the sturdiness of its enterprise mannequin, resilient earnings, and its dedication to shareholder returns.
Wanting forward, the corporate’s diversification throughout a number of freight classes will seemingly add stability to its operations and help regular earnings development. Additional, a restoration in freight volumes and its give attention to enhancing effectivity augur effectively for development and drive its payouts.