Comment générer des revenus passifs au Québec en 2021 ?January 21, 2021

How to Generate Passive Income in Québec in 2021

2020 has been a very difficult year for many, especially financially. A passive income can help round out your monthly income, giving you a hand in paying your expenses. 

Here are 11 ways to generate a passive income. 

Investments Are A Great Foundation for Building Passive Income

The type of investment will depend on the level of risk you are comfortable taking. Low-risk investments are generally less profitable, while higher-risk investments can earn more but also risk losing more. It’s up to you to make the personal decision of what level of risk you are ready to take on. Here are two interesting types of investments. 

  • Guaranteed Investment Certificates (GIC) | With a GIC, you lend your money to the bank for an agreed length of time, varying between 30 days and five years. The initial loan is usually between $500 and $1000. Your money is insured by the Canada Deposit Insurance Corporation. The bank will return your money at the end of the agreed-upon period along with interest earned.
  • Real Estate Investment Trusts (REITs) | Are you interested in investing in realty but don’t yet have the means? REITs might be the solution you are looking for. When you invest in a REIT, you become a holder of certain real estate investments and receive a portion of the distributable profits. You purchase your shares of the REIT via an investment broker. Note that there are risks involved in REITs, and so you should research the options thoroughly and ensure you select the right kind of REITs for your personal situation.

The minimum amount of investment required depends on the type of investment you select. Some investments require as little as $500, while others require a higher amount. Choose well, according to and within your means. You can use the money you’ve saved during confinement to invest and build on those investments. In some cases, you may benefit from a small loan in order to invest. Money Supplier can provide you with a simple, online loan.

Passive Income by Renting

  • Rent an apartment or room on Airbnb | With the help of Airbnb, you can rent out an unused room in your home, your chalet or even your apartment or house while on vacation. It’s safe and straightforward. Airbnb would offer protection of up to one million dollars if damages were to occur, as well as an insurance guarantee of up to one million dollars in case of accidents. These are both available free of charge, as is your registration as a host. Once you land your reservation, Airbnb keeps 3% of the earnings.
  • Rent your vehicle | If you own a car but barely use it or leave on vacation, you can rent out your car using a service like Turo provides insurance for any damages incurred, and you keep 70% of the profits. 

Even during the pandemic, Airbnb and Turo have continued to offer their services while respecting hygiene and security measures according to local law. 

Generate Passive Income Online

The internet is an excellent medium for generating passive income. While most of the options require an initial bit of work, once everything is set in motion, you will have very little to do while raking in the profits. 

Create an online course | Do you have a unique talent in an area of interest to others? Are you a specialist in your domain or trade? You can use to offer paid courses online. While you will need to put some time and effort into creating your course, once it is ready, you simply need to publish it and watch the profits roll in.

Sell photography | It no longer costs a fortune to buy a decent camera. True, selling your photography on sites like Shutterstock or Iphoto won’t make you that much money. However, if you love taking pictures as a side hobby, why not earn a few dollars while you do it. 

Publish an e-book | Are you an expert in your domain, or do you have an idea for a novel? Write an e-book and publish it online. Writing is no small undertaking, but you may enjoy the challenge and earn a passive income in the meantime.

Other Ways to Earn A Passive Income

There are other ways to earn a passive income, each unique from the other. 

  • Advertise on the side of your vehicle | Drive your car the way you usually would while making money. Did you know that companies like offer between $70 and $250 a month to advertise on the side of your car? 
  • House sitter | If you work remotely, house sitting is an easy way to earn passive income. Spread the word among family and friends that you are available to house sit or even pet sit. Set a base rate for a week of house sitting and get paid to simply live in their home and water their plants.
  • Return programs on credit cards | A credit card with a return program is a good source of passive income. Make sure to pay your minimum monthly payments if you truly want to profit. Otherwise, the money you will owe in interest will more than likely cost more than the returns you earn. 
  • Use cashback sites | Use cashback sites like and when you shop online. While the earnings aren’t substantial, you will still be making money while shopping, and that’s never a bad thing. 

Explore the Possibilities

With the exception of very rare cases, passive incomes are not enough to replace a standard income. Some will earn you a few dollars a month, and others may help you finish off your month in the green. 

This article highlights only 11 ways of generating passive income, while there are many more. It’s up to you to explore and discover the many possibilities. 

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