Lux Investing

What is a good Canadian bank to invest in that also pays a decent dividend?

I already received some good American Bank answers how about Canadian. The question is especially relevant now that the Income trusts in Canada are going to be taxed in 4 years. Peace, Merry Christmas

Public Comments

1. CANADIANS!
2. Royal Bank (RBC). Considered the best
3. T.D. Canada Trust.....
4. Desjardins bank is pretty good. Check it out for yourself in this link
5. hi,.,. i really don't believe in banks they are just out to make double profits,. they all charge you to hold your hard earned money,. than when you go to the bank to get your money back they charge you again,.,. wow isn't that over charging,.,.?? p.s ., no wonder there are so many banks and 30 billion dollars profits they make the most over any other industry,.,,.,.., good luck,.,.,..., merry Christmas
6. If this was 6 months ago I would have said CIBC. It was valued at MUCH MUCH less than the other banks even though its one of the largest. It also paid over 4% dividend. But it has increased in price by 20 to 30% and is now not as attractive. Use globeinvestor.ca and use the filter tool. Find stocks that have high dividends that aren't income trusts. And remember, Real Estate Investment Trusts (REIT's) are tax exempt from the new laws. You can find some good REIT's that pay 6 to 8% dividends each year.