The Best Stocks to Invest $1,000 in a TFSA Right Now

Turn $1,000 in a TFSA into lifelong, tax-free growth with dependable income and durable compounders like Boralex, Winpak, and Brookfield Infrastructure.

Amy Legate-Wolfe

Author Bio Amy became interested in investing in 2018 after having her first daughter. After receiving a masters degree in journalism from Western University, she became frustrated that the finance industry remained a confusing place for Canadians like her: new parents, millennials, and other young people who needed to understand their finances. Now, Amy focuses on tech companies and renewable energy for growth opportunities, coupling that with long-term investing strategies and equities. She also provides investors with a daily newsletter, Canada Stock Digest, for daily market updates. Her work can also be found at Canada's National Observer, where she writes on the business side of climate action. Before joining Motley Fool Canada, Amy wrote for major news organizations including HuffPost, CTVNews.ca, and CBC. When she’s not researching investing strategies, Amy’s time is pretty much monopolized by her two wild daughters, but in what little spare time she has she loves to do yoga, go on walks with her dog, and travel with her husband. Social Media Follow Amy on LinkedIn and Canada Stock Digest. Favorite Investment Quote “October: This is one of the particularly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.” – Mark Twain

Published December 4, 2025 11:45 am EST

| More on: BIP.UNBLXWPK

Key Points

TFSA lets dividends and gains grow tax-free for life, speeding compounding from even small contributions.
Reinvest payouts and add regularly as $1,000 can snowball.
Boralex offers contracted renewables growth, Winpak debt-free, steady demand, and BIP.UN global, inflation-linked cash flow.

Putting $1,000 into a Tax-Free Savings Account (TFSA) is a great opportunity for any investor. Even a small amount can grow surprisingly fast when paired with the right stocks, since every dollar of dividends and gains compounds tax-free for life. With consistent contributions and smart stock selection, $1,000 becomes the seed that builds a powerful, lifelong wealth engine. So, let’s look at some of the best options.

TFSA (Tax-Free Savings Account) on wooden blocks and Canadian one hundred dollar bills. — Source: Getty Images

BLX

Boralex (TSX: BLX) is a leading Canadian renewable energy company focused on wind, solar, and hydro projects across Canada, France, and the United States. It offers long-term power-purchase agreements that lock in predictable revenue for years at a time. The company continues to expand its development pipeline and has positioned itself as a key player in Europe’s and North America’s energy transition. This gives it a long runway for growth as demand for clean electricity accelerates.

In its most recent earnings results, Boralex reported steady growth in segmented earnings before interest, taxes, depreciation, and amortization (EBITDA). This was driven by stronger wind production in Europe and contributions from newly commissioned projects. Revenue increased year over year, reflecting higher energy prices in certain markets and continued expansion of its asset base. Cash flow remained strong enough to support ongoing development projects, while the company continued managing debt prudently to fund long-term growth.

Yet Boralex is one of the best stocks to invest $1,000 into a TFSA right now because it offers a rare combination of stability, long-term growth, and defensive cash flow. Its contracted revenue model provides predictable returns, while its massive clean-energy development pipeline offers years of expansion potential. For TFSA investors, that means tax-free exposure to a business with steady income, rising future cash flow, and meaningful long-term upside.

WPK

Winpak (TSX: WPK) is a high-quality North American packaging company that manufactures specialized materials used in food, healthcare, and consumer goods applications. It’s known for its financial strength, disciplined management, and conservative balance sheet. It often runs with zero long-term debt, a rarity on the TSX. Because its products serve essential industries with stable demand, Winpak delivers reliable revenue through all market cycles.

In its most recent earnings, Winpak reported stronger year-over-year profits driven by improved product mix, easing raw-material costs, and efficiency gains across the board. Revenue growth remained steady as demand for food and health-related packaging continued to normalize after pandemic-era issues. The company maintained a healthy cash flow while preserving its debt-free position.

Winpak is one of the best stocks to invest $1,000 into a TFSA right now as it combines exceptional financial stability with long-term compounding potential. Its recession-resistant business model ensures steady results even when markets are turbulent. Meanwhile, its debt-free balance sheet leaves it uniquely positioned to grow through economic cycles. For TFSA investors, Winpak provides something rare: low-risk, consistent earnings, and decades of potential appreciation.

BIP.UN

Brookfield Infrastructure Partners (TSX: BIP.UN) is one of the world’s leading owners and operators of essential infrastructure. It holds assets spanning utilities, data centres, pipelines, rail, toll roads, and telecom towers across multiple continents. Its portfolio is built on long-term, inflation-linked contracts that generate highly predictable cash flow year after year. BIP.UN consistently acquires undervalued or underperforming assets, improves them, and recycles capital into higher-return opportunities.

In its recent earnings, BIP.UN reported strong funds from operations (FFO) growth. This was driven by contributions from newly acquired data-centre and midstream assets, inflation-indexed contract increases, and steady organic expansion across its utilities and transport segments. Cash flow remained robust, supported by resilient demand for essential services across the portfolio. Management reaffirmed distribution growth guidance as well. Despite higher interest rate conditions globally, BIP.UN continued to post healthy results thanks to the defensive nature of its assets.

BIP.UN is one of the best stocks to invest $1,000 into a TFSA right now, offering the rare combination of global diversification, inflation-protected cash flow, and consistent distribution growth. Its long-term annual distribution growth target of 5% to 9% makes it a powerful income compounder inside a tax-free account as well.

Bottom line

If you’re an investor looking to buy it, leave it, and let it snowball, these three offer the best option for that $1,000 in a TFSA. The longer you let these stocks compound, the bigger that $1,000 can grow.