Designed to help Canadians find investment solutions to the two big problems they’re facing: low interest rates and volatile stock markets, the Income Investor was chosen by The Globe and Mail as one of the top five investment newsletters in Canada. If you need income from investments with minimal risk, the Income Investor covers all types of income securities including income trusts, preferred shares, high-yielding common stocks, bonds, mutual funds, exchange-traded funds, and GICs. Any security that generates cash flow is fair game for our experts.
Edited and published by Gordon Pape. Editor: Mike Keerma.
With Gavin Graham, Shawn Allen, Adam Mayers, & Paul Bamford.
Recent Issues
tii2111 (June 10, 2021)
Return to normality… Gavin Graham updates Scotiabank, Canadian Western Bank… Gordon Pape updates BMO Covered Call Dow Jones ETF… Correction: Pizza Pizza
tii2110 (May 27, 2021)
Green energy hits bear market… There’s value in streaming… This month’s Top Pick: Anglo Pacific Group… Gavin Graham’s updates: AirBoss of America, Boralex, Corby Spirits and Wines, Fiera Capital, Pizza Pizza Royalty Corp…. Gordon Pape’s ETF updates: Horizons HEP, CI First Asset CGXF, Vanguard VBU, Horizons HALRoyalty Corp…. Members’ Corner: Foreign dividends
tii2109 (May 13, 2021)
Limiting risk… Top Pick: Canadian Utilities… Gordon Pape updates BCE, Pembina Pipeline, Enbridge… Members’ Corner: Thanks to Paul Bamford
tii2108 (April 29, 2021)
Balanced Portfolio gains ground… A fixed-income proxy for conservative investors… Gordon Pape’s updates: Procter & Gamble, CI U.S. & Canada Lifeco Income ETF, BMO Emerging Markets Bond Hedged to CAD Index ETF, Harvest Healthcare Leaders Income ETF… Your Questions: Tax-efficient retirement; Tax advantages of REITs; Closed-end funds
tii2107 (April 9, 2021)
Brookfield ups the ante… Gordon Pape updates Algonquin Power & Utilities, Principal Financial Group, B&G Foods…. Digital tax credit… Your Questions: The future of bond funds… Members’ Corner: Climate change… Ryan Irvine’s spring webinars
tii2106 (March 26, 2021)
In this issue: Big gain for High-Yield Portfolio Minimum rate reset prefs still a good deal Top Pick: Enbridge minimum rate reset preferred Series 19 Gordon Pape’s ETF updates: iShares Core Balanced (XBAL), Brompton, Flaherty & Crumrine Preferred ( …
tii2105 (March 11, 2021)
Rising rates hit utilities… Gordon Pape updates TC Energy, BMO Group, Pembina Pipeline, TransAlta Renewables… Your Questions: Calculating yield; Too much in one fund?; Bond market crash
Recent Updates
BMO Global Consumer Staples Hedged to CAD Index ETF (TSX: STPL)
The fund invests in a portfolio of well-known consumer companies such as Procter & Gamble (9.55% of total assets), Nestle (7.32%), Coca-Cola (7.25%), Philip Morris International (6.7%), PepsiCo (5.77%), and Unilever (4.11%).
Hold
iShares 0-5 Years TIPS Bond Index ETF (TSX: XSTP)
This is a short-term ETF that invests in a portfolio of inflation protected bonds issued by the United States Treasury, which are known as TIPS.
Hold
BMO International Dividend ETF
This ETF invests in a yield-weighted portfolio of dividend-paying stocks issued by companies in developed nations outside North America. Stocks are screened using such metrics as dividend growth rate, payout ratio, and yield. The MER is 0.44%.
The portfolio consists of 102 positions in major companies. It’s more or less evenly balanced, with no stock representing more than 3% of total assets. The largest holding is luxury goods company LVMH (Louis Vuitton Moet Hennessy).
Hold
Fortis Inc. (TSX, NYSE: FTS)
Fortis is a leader in the North American regulated electric and gas utility industry, with 2024 revenue of $12 billion and total assets of $73 billion as of June 30, 2025. The corporation has 9,800 employees and serves utility customers in five Canadian provinces, ten US states, and three Caribbean countries.
Hold
BMO U.S. Dividend ETF (TSX: ZDY.U)
This ETF utilizes a rules-based methodology that considers the three-year dividend growth rate, yield, and payout ratio to choose securities. Although the fund trades on the Toronto Stock Exchange, it is priced in US dollars. Top holdings include Oracle, Broadcom, Apple, Johnson & Johnson, and AbbVie. The portfolio leans towards the tech sector, with 27.24% of the assets invested in information technology, and 18.38% in healthcare.