Hi Steve,
Not to conflict with leslie but I did want to give you some options if you're still interested.
I understand leslies position but there are dividend stocks that also grow. I hold a few energy trusts that have doubled in the last 6 months. This is not normal! Just a symptom of the financial situation but in general the idea is to buy good companies, not dividends. If you buy a good company it can grow at a good rate even with good dividend yeilds.
If you want a high yeild stock in your portfolio there is an advantage to holding it in a TFSA in that the dividends are taxed at a higher rate than capital gains. This is especially good if you're looking for income, not that the first 5K will let you retire!
If you're worried about 2011 there are companies that have converted and still pay a decent dividend. STB-T and KNA-T are two examples. The other option is REITs which are, for the most part exempt (you need to check on the rules and the company's future plans). I'm a small time landlord, trust me, there's money in realestate! Some of these REITs have good management and can maintain a reasonable dividend yet still put money aside to buy new properties at the appropriate time. This can allow for decent growth as well.
Many other companies have already anounced their plans for the transition, some will reduce dividends and move toward growth, others will try to maintain the dividend to the best of their ability. Again, I'm for looking at the company vs big dividend in the long run. Will some of these companies stock drop as the change approches....Yes, but some will be just fine.
Just wanted to give you some options. Good luck.