Having $40,000 in Tax-Free Savings Account (TFSA) cash to invest in 2025 is a pretty exciting situation to be in. With markets still finding their footing after a choppy year, there’s a window here to scoop up some strong stocks at reasonable prices. And because your TFSA shelters any gains from taxes, the long-term payoff can be even sweeter. If it were my $40,000, I’d divide it between three solid TSX stocks. Those are Whitecap Resources (TSX:WCP), Nutrien (TSX:NTR), and TFI International (TSX:TFII). Each offer something different, from income to growth to global exposure.
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WCP
Whitecap Resources is an oil and gas producer that has made major moves in the last few years to grow its asset base while becoming more shareholder-friendly. It’s one of the few energy companies that not only pays a high dividend, but also actively repurchases shares. That’s good news for investors focused on value and income. As of May 2025, Whitecap is trading around $8.75 per share with a dividend yield at 8.4%. The company’s production is diversified across Alberta and Saskatchewan, and it remains profitable even in a moderate oil price environment.
In its most recent earnings report for the fourth quarter of 2024, Whitecap posted funds flow of $363 million and production of over 160,000 barrels of oil equivalent per day. Net income came in at $181 million. It also completed its $15-billion merger with Veren, expanding its footprint and adding synergies that could unlock more efficiency going forward. Despite the strong numbers, the stock is still trading at a discount to peers, likely because of broader weakness in energy stocks.
Nutrien
Next up is Nutrien, a global fertilizer giant and a key player in the agriculture supply chain. While the last couple of years have been rocky due to fluctuating potash and nitrogen prices, the long-term thesis remains strong. We need to feed a growing population, and Nutrien is one of the best-positioned companies to supply farmers around the world with the tools to do just that.
Nutrien recently reported first-quarter 2025 earnings that came in a bit softer than analysts hoped. Adjusted earnings were $0.11 per share versus the expected $0.31. But the company maintained its full-year guidance and pointed to improving fundamentals for the rest of the year. It sees global potash demand hitting between 71 and 75 million tonnes, with tight supply from Russia and Belarus likely keeping prices elevated. Nutrien’s retail network, especially in the U.S., also continues to deliver stable revenue and margins.
TFI
Finally, TFI International rounds out this trio. This is a shipping and logistics powerhouse with a big presence in both Canada and the United States. TFI has been on a tear over the past decade, gobbling up smaller players and expanding into key verticals like truckload and less-than-truckload freight. And while its share price has pulled back slightly from 2024 highs, it’s still a consistent performer.
TFI recently reported fourth-quarter 2024 earnings of $88.1 million, or $1.03 per share, on $2.1 billion in revenue. The company missed a bit on earnings, but it remains profitable, well-capitalized, and continues to return cash to shareholders through dividends and buybacks. It’s also shifting its corporate registration to the U.S., which may help it tap into more American capital and investor attention over time.
Foolish takeaway
So, how would I split the $40,000? I’d go $10,000 into Whitecap for steady income and exposure to energy, $15,000 into Nutrien for agriculture-linked growth and a reasonable dividend, and $15,000 into TFI for long-term logistics upside. Together, these three stocks could provide serious dividends, all protected from tax inside your TFSA. That’s not bad for a portfolio that also gives you exposure to some of the biggest drivers of the Canadian economy.
