Here Are 2 TSX Stocks I’d Use to Supercharge My TFSA

These TSX stocks have solid fundamentals, expanding market share, and long runways for growth, with potential to deliver solid returns.

| More on:
Key Points
  • Holding high-growth stocks with a proven business model inside a TFSA can supercharge the account.
  • Bird Construction is delivering strong revenue and earnings growth, supported by a record backlog, diversified demand, and attractive infrastructure markets.
  • Celestica is benefiting from surging AI infrastructure demand, with rapid growth in networking and enterprise solutions and strong prospects through 2027.

For Canadians focused on building long-term wealth, the Tax-Free Savings Account (TFSA) remains a compelling tool. Because every dollar of capital gains and dividends compounds completely tax-free, selecting high-growth stocks for this account can supercharge your TFSA.

By allocating TFSA contribution room to TSX stocks with solid fundamentals, expanding market share, and long runways for growth, you can generate significant wealth in the long run.

With this background, here are two top Canadian stocks I’d use to supercharge my TFSA.

atomic particle

Source: Getty Images

TFSA stock #1: Bird Construction

Bird Construction (TSX: BDT) is a solid growth stock with potential to supercharge a TFSA. Despite its strong share-price gains, the company’s operating momentum suggests further upside.

For the first six months of 2026, Bird’s revenue increased 16.5% year over year, with all businesses contributing and Buildings leading growth. Infrastructure also benefited from the acquisition of FRPD in October 2025. More importantly, adjusted earnings per share (EPS) surged 30.1%, reflecting its ability to translate strong demand into profitable growth.

Momentum in its business appears sustainable. Bird expects revenue growth to remain strong through the rest of 2026, potentially driving more than 20% full-year growth versus 2025. Margin expansion could provide an additional earnings catalyst as Industrial work programs return to full capacity.

Bird’s investment case is supported by its exposure to structurally attractive markets, including data centres, power, defence, LNG, infrastructure, chemicals, oil and gas, and mining and critical minerals. This operating structure reduces dependence on any single market or customer while expanding its addressable opportunity.

Its growing backlog is another key strength. Bird continued adding contracted and awarded work in the second quarter, improving revenue visibility. The backlog also contains a greater proportion of lower-risk collaborative contracts and carries a more favourable margin profile than a year ago.

With a strong balance sheet and focus on value-enhancing acquisitions, Bird appears well-positioned to execute on its record backlog while increasing shareholder returns. For TFSA investors seeking a compelling growth stock, Bird Construction remains an attractive investment.

TFSA stock #2: Celestica

Celestica (TSX: CLS) is another top TSX stock to supercharge your TFSA. The company provides data centre infrastructure and advanced technology solutions and is benefiting from the rapid expansion of AI workloads.

Celestica’s Connectivity & Cloud Solutions (CCS) segment is performing exceptionally well. In the second quarter, CCS segment’s revenue surged 84% year over year, accounting for about 81% of Celestica’s total revenue. Communications revenue rose 62%, driven by strong demand for 800G networking switches, while Enterprise revenue jumped 167%, as hyperscale customers increased spending on AI, machine learning, and storage infrastructure.

Celestica’s growth prospects also appear strong. The company expects continued demand for 800G products and is starting mass production of 1.6T networking products for two hyperscale customers. Management believes rising 800G volumes and broader adoption of 1.6T could also support significant growth through 2027.

The Enterprise business provides another solid catalyst. Several AI computing programs are expected to ramp up, while Celestica is set to begin initial deliveries of custom racks for OpenAI later this year.

The stock has recently come under pressure following concerns about dilution after its strong rally. Valuation and dilution remain risks, but a pullback has created a more attractive entry point.

With solid demand and increased investment in AI infrastructure, Celestica has a credible runway for sustained revenue and earnings growth.

Fool contributor Sneha Nahata has no position in any of the stocks mentioned. The Motley Fool recommends Celestica. The Motley Fool has a disclosure policy.

More on Investing

TFSA (Tax free savings account) acronym on wooden cubes on the background of stacks of coins
Dividend Stocks

3 of the Best Canadian Stocks to Buy and Hold in a TFSA

Given their reliable business models, consistent financials, and healthy growth prospects, these three Canadian stocks are ideal additions to your…

Read more »

woman checks off all the boxes
Dividend Stocks

What Every Investor Should Know Before Buying BCE for its Dividend

BCE (TSX:BCE) stock looks like an untimely trap, but there's a strong case for buying as the firm looks to…

Read more »

senior man and woman stretch their legs on yoga mats outside
Dividend Stocks

2 TSX Dividend Stocks Retirees Can Buy and Hold for the Next Decade

These dividend stocks provide the right mix of growth, income, and stability for the long term.

Read more »

Paper Canadian currency of various denominations
Dividend Stocks

3 Stocks to Build a Strong Canadian Income Portfolio

While no dividend is guaranteed, these companies have shown their ability to generate resilient cash flows and return capital.

Read more »

stocks climbing green bull market
Dividend Stocks

2 High-Yield Dividend Stocks to Buy and Hold for a Decade of Income

With resilient business models, reliable cash flows, high yields, and healthy growth prospects, these two Canadian stocks are ideal for…

Read more »

3 colorful arrows racing straight up on a black background.
Investing

Buy the Dip: 3 Stocks to Buy Today and Hold for the Next 5 Years

These stocks are under pressure, but should be solid dividend picks over the medium term.

Read more »

Person holds banknotes of Canadian dollars
Dividend Stocks

I’d Put My Whole 2026 TFSA Contribution Into this 5.5% Passive-Income Payer

This passive-income payer has raised its dividend every year since 1995. Moreover, it has room to increase its dividend in…

Read more »

dividends grow over time
Dividend Stocks

$10,000 Invested at 8% for 20 Years Could Become $46,610

$10,000 doesn’t need perfect timing to become meaningful wealth — it mainly needs time and compounding.

Read more »