With a Dividend income stream, you can achieve a steady income quickly and secure your future with re-occurring dividend income.

However, now with interests rates so high, I have to re-think and analyze the value of dividends and if it is worth it to borrow money to build my wealth with dividends.

Currently I have about 30% of my non- registered dividend portfolio as a loan against my property and as rates rise, I am having to make some tough decisions.

Canadian dividends are tax deductible, and in a lower income the dividend tax credit makes them very desirable to me. I need to consider the future value of my portfolio, not just the value now.

As most companies raise their dividends every year, the value with grow quickly and the big question is? How long with the current high interests rates last?

My favorite dividends now are Keystone, (Key) which pays a dividend yield of 6.18% and Extendicare Inc (Exe) which pays a dividend yield of 7.09% . Both pay monthly dividends which I love. I am on the fence about keeping my bank Stocks such as Royal Bank and Scotia Bank. Last month I collect almost $700 in Canadian Dividends!

My interest rate is currently 7.5% so does this make sense to hold these stocks?