As Canadians, it can often feel like we are constantly trying to stay afloat financially with high housing costs and a rising cost of living. That’s why it’s important to find ways to generate supplemental income in a passive manner. Passive income is money that you earn without putting in consistent effort, making it a great way to earn money while still focusing on your day-to-day responsibilities. So what are the best passive income streams for Canadians?

1) Real Estate Investment Trusts (REITs): REITs allow investors to purchase shares in a company that owns and operates income-generating real estate properties. This is a great way to diversify your investment portfolio and earn consistent passive income. Plus, REITs in Canada are required by law to distribute at least 90% of their taxable income to shareholders, making them a reliable source of passive income.

2) Dividend-Paying Stocks: Investing in dividend-paying stocks is another great way to earn passive income. These types of stocks provide investors with steady, consistent payments from the company’s profits, without having to actively trade and manage investments. Just make sure to do your research and choose reliable, established companies that have a history of paying out dividends.

3) Digital Products and Services: In today’s digital age, creating and selling digital products or services is a lucrative way to earn