Whatever the unsure financial trajectory, TFSA (Tax-Free Financial savings Account) buyers can earn worry-free passive revenue by means of prime Canadian dividend shares. Fortunately, the TSX has a number of shares which are much less risky, have a resilient enterprise mannequin, stable dividend cost and progress histories, and a rising earnings base. These attributes make them a stable funding amid all market situations. 

Nevertheless, buyers ought to word that shares are inherently dangerous, and dividend funds are usually not assured. Thus, one ought to deal with diversifying their portfolio for regular dividend revenue. 

With this backdrop, I’ll focus on three essentially robust Canadian shares that provide dependable dividend revenue. These firms are Dividend Aristocrats and have uninterruptedly elevated their dividends for over 20 years. Let’s dig deeper. 

TFSA passive-income inventory #1

Let’s start with the oil and gasoline transporter, Enbridge (TSX:ENB). With a constant observe report of delivering annual dividend will increase for 28 consecutive years, Enbridge is a must have for TFSA buyers to earn worry-free passive revenue. 

Its extremely diversified income streams (over 40 revenue sources), two-pronged technique (investments in typical and renewable belongings), and contractual association with provision to guard value and quantity dangers place it properly to ship stable distributable money flows and drive its dividend payouts. 

Its resilient enterprise, multi-billion-dollar capital program, and income escalators are prone to help its income and earnings. Furthermore, its payout ratio of 60-70% of distributable money flows is sustainable in the long run. TFSA buyers can earn a sexy, tax-free dividend yield of 6.64% (primarily based on its closing value of $53.49 on April 25) by investing in ENB inventory close to the present ranges. 

TFSA passive-income inventory #2

Subsequent are the shares of the regulated electrical utility firm Fortis (TSX:FTS). Due to its rate-regulated enterprise and predictable money, Fortis stays comparatively resistant to the macro headwinds and constantly enhances its shareholders’ returns by means of larger dividend funds. 

TFSA buyers ought to word that the corporate operates a low-risk enterprise and has elevated its dividend for 49 consecutive years. Furthermore, the corporate plans to extend its future dividend by 4-6% yearly by means of 2027. Its stable enterprise, stellar dividend-growth historical past, and visibility over future payouts make Fortis a sexy passive-income inventory. 

Fortis gives a well-protected dividend yield of three.76%. Additional, its rising fee base (forecasted to extend at a mean annualized fee of over 6%) signifies that the corporate might proceed to ship robust income and money flows and develop its dividend at a wholesome tempo. 

TFSA passive-income inventory #3

My closing inventory on this record can also be from the utility sector. I’m bullish about Canadian Utilities (TSX:CU) for incomes worry-free passive revenue, no matter the volatility available in the market. It’s price highlighting that Canadian Utilities has uninterruptedly raised its dividend for 51 years, the most effective amongst all Canadian companies. 

Canadian Utilities generates most of its earnings from regulated and contracted belongings that allow it to boost its shareholders’ returns by means of elevated dividend funds. 

Trying forward, its continued investments in regulated and contracted belongings positions it properly to generate robust money flows and drive dividend funds. In the meantime, TFSA buyers can earn a worry-free dividend yield of 4.52%.