3 Canadian Dividend Stocks That Could Help You Retire Rich

These three dividend stocks provide the perfect opportunity for Canadian investors seeking long-term retirement growth.

Amy Legate-Wolfe

Amy became interested in investing in 2018 after having her first daughter. After receiving a masters degree in journalism from Western University, she became frustrated that the finance industry remained a confusing place for Canadians like her: new parents, millennials, and other young people who needed to understand their finances. Now, Amy focuses on tech companies and renewable energy for growth opportunities, coupling that with long-term investing strategies and equities. She also provides investors with a daily newsletter, Canada Stock Digest, for daily market updates. Before joining Motley Fool Canada, she wrote for major news organizations including HuffPost, CTVNews.ca, and CBC. When she’s not researching investing strategies, Amy’s time is pretty much monopolized by her two wild daughters, but in what little spare time she has she loves to do yoga, go on walks with her dog, and travel with her husband. Follow Amy on LinkedIn and Canada Stock Digest. Favorite Investment Quote: “October: This is one of the particularly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.” – Mark Twain

Published September 5, 2025 4:30 pm EDT

| More on: EIFPOWSLF

Key Points

Sun Life Financial offers a 4.4% dividend yield with solid growth in net income and expanding digital initiatives.
Power Corporation provides a 4.2% dividend yield, benefiting from strategic acquisitions and investments like Wealthsimple.
Exchange Income Corporation, with a 3.71% yield, reports record revenue and growth in aerospace and manufacturing sectors.

Retirement is many things to many people. But increasingly, it has become a point of stress, practically as soon as you graduate from university. Investing in your retirement a little at a time is great, but emergencies happen. Emergencies that can send you right back to square one. And with rising costs and interest rates, it isn’t getting any easier.

So that’s why investing in dividend stocks can be a great way to increase your retirement savings, while still maintaining your lifestyle and saving for those emergencies. When you can’t invest on a regular basis, your dividend income can keep you going. So that’s why today we’re going to look at three dividend stocks that fit the bill.

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SLF

Sun Life Financial (TSX:SLF) is a dividend powerhouse in the insurance industry. The dividend stock demonstrated this recently when reporting its most recent earnings. The quarter saw a 2% increase in underlying net income, hitting $1 billion. Furthermore, there was a 15% increase in bancassurance sales in Asian markets, with a 5% rise in assets under management. The latter reached an amazing $1.5 billion.

The dividend stock saw solid performance in Asia, with regional and segment diversification continuing to grow. What’s more, Sun Life is now focused on using artificial intelligence (AI) and digital initiatives to enhance its efficiency and customer engagement. Looking forward, investors get all this, plus a strong dividend currently yielding 4.4%.

POW

Power Corporation of Canada (TSX:POW) is another insurance provider offering up major income for investors. And again, this was demonstrated in second quarter earnings. The dividend stock saw net earnings rise to $772 million, with major contributions from Lifeco and IGM Financial. Plus, its Wealthsimple investment saw a 21% increase in valuation!

Looking ahead, the dividend stock’s diversification is a major bonus. Ongoing strategic acquisitions and buybacks, as well as further investments like Wealthsimple, will continue to pump up value. And with strong dividends and continuous investments, there’s likely more to come from this 4.2% dividend stock.

EIF

Exchange Income Corporation (TSX:EIF) is the last on this list, but it offers something a bit different. The diversified, acquisition-oriented company focuses on aerospace and aviation, as well as manufacturing. And clearly, business is booming. The dividend stock recently achieved record revenue of $720 million with strong growth in earnings before interest, taxes, depreciation and amortization (EBITDA). It also acquired Canadian North, for even more strategic positions in Northern Canada.

But what investors love about this stock is the dividend. The company reports consistent earnings, and now the Canadian North acquisition provides even more long-term growth. With guidance hitting between $725 to $765 million for the year, future performance looks all but guaranteed. And with a solid dividend at 3.7%, investors really can have it all.

Bottom line

For investors seeking income in retirement, these three dividend stocks have it all. Sun Life offers stable income and growth, with more regional and digital opportunities. Power holds a diverse set of asset management and life insurance firms for long-term growth. Finally, Exchange Income is perfect for growth-oriented investors wanting dividends while they wait. So if you’re fearful about retirement, sleep better at night with these three on deck.