Top TSX Income Stocks to Start Your 2026

If you are looking for income-producing stocks on the TSX, here are four growing dividend stocks to buy.

Robin Brown

Author Bio

Robin Brown has been a regular contributor to The Motley Fool Canada since January 2020. He began investing in 2009, during the depths of the global financial crisis, and has continued to refine his approach over the years. His investment philosophy emphasizes patience, quality, and identifying businesses with the potential to create lasting value. Robin currently lives in St. Albert, Alberta, where he manages a portfolio of Western Canadian industrial properties and private investments. Having lived in Canada, Norway, and Australia, he brings a broad perspective to his work and investing. Outside of work, Robin enjoys traveling, hiking, hunting, fishing, biking, and cooking for his wife, two daughters, and son.

Education

Bachelor's degree in Theology
Advanced Diploma in Business Management

Areas of Expertise

Dividend investing, value investing, quality stocks, small-cap stocks, long-term investing, business fundamentals, balance sheet analysis, capital allocation, industrial real estate, and private investments.

Social Media Profiles

Favorite Investment Quote

"Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down." — Warren Buffett

Published January 16, 8:15 pm EST

The TSX has not been such a bad place to own stocks over the past couple of years. The TSX Index was up 20% in 2024 and 30% in 2025. The great part is that the TSX is full of income-producing stocks to choose from. If you are looking for some of the best dividend stocks on the TSX, here are four growing dividend stocks to buy for 2026 and beyond.

dividend stocks are a good way to earn passive income — Source: Getty Images

Dream Industrial: An elevated yield that is safe and steady

If you want a higher-yielding stock with a safe dividend, Dream Industrial REIT (TSX: DIR.UN) is a good place to start. This stock yields 5.3% right now.

It owns/manages 73 million square feet of industrial properties located in Canada, the U.S., and Europe. This REIT has a diversified tenant base, well-located properties, and plus-95% occupancy.

Its current average rents are about 13% below market rates, so it has attractive organic growth on tenant renewal/turnover. This TSX REIT also happens to be cheap compared to its private market value, so it offers an attractive value today.

Topaz: A TSX energy stock with lower risk than a producer

Topaz Energy (TSX: TPZ) is a way to get energy exposure, but without the operational risks that a producer would have. Topaz stock yields 5% today.

It has 8.8 million acres of land on which it earns royalties on energy production. It also has a contracted gas infrastructure portfolio that provides high margins and steady returns.

This TSX energy stock has a very efficient operating model. It still has considerable land assets it can consolidate. Topaz has attractive organic and acquisitive growth prospects, a nice dividend, and it presents a low-risk way to play Canadian energy.

Chartwell: A TSX dividend stock riding on a massive trend

Chartwell Retirement Residences (TSX: CSH.UN) is Canada’s largest retirement community provider. Following some tough years after the pandemic, Chartwell has done a great job of recovering occupancy to plus-95% today.

A massive wave of aging baby boomers will need a higher level of care and community in the coming 5 to 10 years. There is a major deficit of supply in seniors’ communities across Canada. All this bodes favourably long term for Chartwell, which has a growing portfolio of high-quality properties.

Right now, this TSX stock yields 2.9%. Given the strong results, management has indicated it may recommence a dividend growth posture for the future.

Exchange Income: A growth stock with income

Exchange Income Corporation (TSX: EIF) is a hybrid growth and income play in Canada. It is positioned to benefit from several large tailwinds like elevated infrastructure investments, rising military spending, and a focus on Canada’s north.

Exchange operates specialized airlines that cater to Canada’s remote northern communities. It also has an industrial business focused on manufacturing, environmental mats, and pane glass. With an improving balance sheet, its growth by acquisition strategy remains well intact.

Last year, Exchange had a banner year. It projects mid-teens growth for 2026 as well. Right now, this TSX stock yields 3.2%. It just increased its dividend for the 18^th time in 20 years. If you want a mix of growth opportunities and income, Exchange is a solid TSX income stock to hold.