Top Canadian Dividend Stocks You’ll Want to Own Forever

If your goal is long-term income and compounding returns, certain Canadian stocks stand out for their durable business models, consistent earnings and reliable dividend growth — making them solid candidates to hold for years, not just months.

1) TC Energy (TSX: TRP) is one of the most dependable dividend payers on the TSX. As a major energy infrastructure operator, it earns most of its revenue from regulated assets and long-term contracted projects, meaning its cash flows aren’t overly dependent on volatile commodity prices. That stability has helped it raise its dividend for over two decades straight, and its ongoing capital programs in pipelines and low-emission energy could support continued growth.

2) Bank of Montreal (TSX: BMO) is another classic long-term income stock. Its dividend history stretches back nearly 200 years, and it recently increased its payout while maintaining a solid earnings base. BMO’s diversified business mix across personal and commercial banking, wealth management, and capital markets adds resilience across economic cycles. That makes it attractive for investors who want steady dividend growth plus exposure to Canada’s financial sector.

Both TC Energy and Bank of Montreal are leaders in their sectors with long track records of rewarding shareholders through dividends and incremental payout increases over time. Owning these kinds of names can anchor a dividend-focused portfolio and provide tax-advantaged income if held in accounts like a TFSA or RRSP.

Also Read: Stock investment Canada for beginners

Dividend investing isn’t about chasing the highest yield today — it’s about finding companies with sustainable earnings, cash flows that support rising payouts and competitive positions that drive returns over decades. Stocks like TC Energy and BMO fit that “forever holding” mindset by combining income with business durability.

Also Read: Long term investing in Canada

Whether you’re adding to your dividend core or building passive income streams, focusing on companies that have proven their ability to pay and grow distributions through ups and downs can help you sleep better through market volatility.