Producing passive earnings can improve monetary stability and assist shield your buying energy during times of rising costs. It could possibly additionally allow traders to succeed in their monetary targets extra rapidly. With rates of interest comparatively low, traders might think about including high-yield, monthly-paying dividend shares to their portfolios to strengthen their passive-income streams.
You’ll be able to additional enhance after-tax returns by holding these investments in a Tax-Free Financial savings Account (TFSA). For Canadians who have been no less than 18 years outdated in 2009 and have by no means contributed, the cumulative TFSA contribution restrict has reached $108,000. Allocating $92,000—nicely inside this restrict—throughout the next two shares may generate a secure month-to-month earnings of greater than $500.
| COMPANY | RECENT PRICE | NUMBER OF SHARES | INVESTMENT | DIVIDEND | TOTAL PAYOUT | FREQUENCY |
| NWH.UN | $5.75 | 8,000 | $46,000 | $0.03 | $240 | Month-to-month |
| WCP | $13.24 | 3,474 | $45,996 | $0.075 | $269.2 | Month-to-month |
| Whole | $509.2 |
Let’s take a better have a look at every of those firms.
NorthWest Healthcare Properties REIT
First on my checklist is NorthWest Healthcare Properties REIT (TSX: NWH.UN), which owns and operates 167 healthcare properties throughout seven international locations, representing roughly 16 million sq. toes of gross leasable space. The actual property funding belief (REIT) serves greater than 1,300 tenants and has a weighted-average lease time period of 13.4 years. Because of its defensive healthcare-focused portfolio, diversified tenant base, and long-term lease agreements, the corporate maintains strong occupancy ranges throughout financial cycles and durations of market volatility.
The REIT can be prioritizing stability sheet enchancment by decreasing its debt. Between January 2024 and November 2025, it divested $1.3 billion in non-core property and used the online proceeds to decrease its debt ranges. Supported by secure working efficiency, its adjusted funds from operations (AFFO) payout ratio declined from 99% in the identical quarter final 12 months to 85%, reflecting improved distribution sustainability.
Trying forward, rising demand for healthcare infrastructure—pushed by ageing populations—may present a long-term tailwind for NorthWest Healthcare. With liquidity of $250 million on the finish of the third quarter, the REIT stays well-positioned to pursue selective progress alternatives whereas sustaining monetary flexibility. Backed by these prospects, NorthWest Healthcare, which presently pays a month-to-month distribution of $0.03 per unit and presents a ahead yield of 6.26%, seems nicely positioned to proceed delivering enticing earnings to its unitholders.
Whitecap Sources
One other monthly-paying inventory I’m bullish on is Whitecap Sources (TSX: WCP), an oil and pure fuel producer with operations primarily in Western Canada. Following its merger with Veren in Could 2025, Whitecap has considerably strengthened its manufacturing base and enhanced its total scale. The transaction has additionally improved the corporate’s stability sheet and monetary flexibility. On the finish of the latest quarter, Whitecap reported $1.6 billion in liquidity and maintained a conservative internet debt-to-annualized funds circulate ratio of only one.
Trying forward, the corporate has deliberate to take a position roughly $2 billion final 12 months and between $2 billion and $2.1 billion this 12 months. These investments will give attention to disciplined capital allocation, operational execution, and sustainable manufacturing progress. Supported by these initiatives and the Veren merger, administration expects its common manufacturing in 2026 to vary between 370,000 and 375,000 barrels of oil equal per day (boe/d), marking a considerable enhance from its 2025 common manufacturing steerage of 305,000 boe/d.
Whitecap has additionally delivered merger-related synergies forward of schedule, together with capital efficiencies from procurement financial savings and rig-line optimization. With integration progressing easily, administration now expects to appreciate $300 million in annual capital, working, and company synergies this 12 months—about 40% larger than initially projected.
In the meantime, oil costs have rebounded from final month’s lows amid ongoing geopolitical tensions. Sustained energy in crude costs may additional help Whitecap’s earnings and money circulate progress. Contemplating these elements, Whitecap—presently providing a month-to-month dividend of $0.0608 per share and a ahead yield of 5.51%—seems nicely positioned to proceed delivering enticing earnings to shareholders.