Some stocks are fun to trade. Others are better left alone. For a Tax-Free Savings Account (TFSA), I’d prefer the second kind – companies that can sit quietly in the account, generate income, and compound without needing constant attention.

Two Canadian dividend stocks come close to meeting that standard in 2026. One provides essential utility services across North America, while the other sits at the centre of Canada’s financial system. Both continue to generate strong earnings, invest for future growth, and return capital to shareholders.

For TFSA investors, that combination could be especially powerful because income and gains can compound tax-free. Let’s discuss why these top dividend stocks could be comfortable forever holdings inside a TFSA.

Fortis stock

The first stock I’d feel comfortable holding long term is Fortis (TSX:FTS), a Canadian utility giant that has built its reputation on stable performance, operating regulated electric and gas assets across North America. Its operations include ITC Holdings, UNS Energy, Central Hudson, FortisBC, FortisAlberta, and other electric utilities.

After climbing by 20% over the last year, FTS stock recently traded at $77.83 per share with a market cap of $39.6 billion. At the current market price, it offers a dividend yield of about 3.3%, paid quarterly.

The company’s first-quarter results showed why it remains such a steady long-term holding. For the quarter, Fortis delivered net profit of $501 million, or $0.99 per common share, while it invested $1.4 billion in capital projects.

Its five-year capital plan totals $28.8 billion and is expected to increase its midyear rate base from $42.4 billion in 2025 to $57.9 billion by 2030. That growth supports its dividend growth guidance of 4% to 6% annually through 2030, making it a reliable dividend stock for TFSA investors.

Royal Bank stock

The next stock I’d add to that list is Royal Bank of Canada (TSX:RY), or RBC, a cornerstone of the Canadian financial system. The largest Canadian bank gives TFSA investors exposure to Canada’s robust financial sector, with operations across personal and commercial banking, wealth management, capital markets, and insurance.

Having climbed 58% over the last 12 months alone, RBC stock now trades at $276.01 per share with a market cap of about $384 billion. It also rewards investors with attractive quarterly payouts, with its dividend yield currently sitting at 2.6%.

In the second-quarter of its fiscal year 2026 (ended in April), RBC’s net income climbed 25% YoY to $5.5 billion. The bank’s diluted earnings for the quarter also rose 27% YoY to $3.85 per share. This growth was mainly driven by strong global markets and investment banking activity, along with loan and deposit growth in both personal and commercial banking segments.

Meanwhile, RBC continues to maintain a strong liquidity position with a liquidity coverage ratio of 126% and a net stable funding ratio of 111%.

To accelerate its growth further, the bank is continuing to focus on loan and deposit growth, digital banking capabilities, and technology modernization, making it an attractive forever dividend stock for long-term TFSA investors.

The post The Canadian Dividend Stocks I’d Be Most Comfortable Holding in a TFSA Forever appeared first on The Motley Fool Canada.

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Fool contributor Jitendra Parashar has no position in any of the stocks mentioned. The Motley Fool recommends Fortis. The Motley Fool has a disclosure policy.

If you have $21,000 sitting in a Tax-Free Savings Account (TFSA), leaving it in cash might feel safe when markets are volatile. But it could also mean missing out on years of tax-free income and potential growth. For investors who want a mix of dividends, scale, and long-term relevance, some large Canadian energy infrastructure businesses can be especially attractive today. Their essential assets generate reliable cash flow, allowing them to pay generous dividends while pursuing growth opportunities.

For example, Enbridge (TSX:ENB) could be a perfect fit for investors seeking dependable passive income and long-term wealth creation inside a TFSA. The company might not be very exciting in the usual sense, but its trustworthy assets move and deliver energy that customers still need every day. For a TFSA focused on dependable cash flow, that matters. Let’s find out what makes Enbridge such a compelling long-term investment.

A dividend stock built on energy infrastructure

To put it simply, Enbridge mainly focuses on the energy infrastructure business, operating across liquids pipelines, gas transmission, gas distribution and storage, and renewable power generation segments. That diversified footprint gives it multiple sources of cash flow and helps reduce reliance on any single asset or commodity price.

At the time of writing, ENB stock traded at $77.52 per share, giving it a market cap of about $169 billion. Its shares have risen 24% over the last year, and offer a dividend yield of around 5%.

A growing backlog supports future cash flow

In the first quarter of 2026, Enbridge reaffirmed its financial guidance and grew its secured backlog to $40 billion. During the quarter, its adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) remained steady on a year-over-year basis at $5.8 billion, while distributable cash flow (DCF) moved slightly higher from a year ago to $3.9 billion.

More importantly, several projects support Enbridge’s long-term growth outlook. The Tres Palacios storage expansion project should improve deliverability and energy security in the U.S. Gulf Coast, while its Vector Pipeline expansion is designed to meet growing utility demand in the Midwest.

At the same time, the company also continues to invest in renewable power. Its Cone onshore wind project in Texas, which supports the U.S. tech giant Meta’s data centre operations, represents about US$0.7 billion of investment.

Focus on sustainability and dividend reliability

In recent years, Enbridge has also made big progress on sustainability. The company recently highlighted a 40% reduction in greenhouse gas (GHG) emissions intensity from its operations and an 18% reduction in absolute GHG emissions compared to a 2018 baseline.

For income investors, the fact that Enbridge has consistently raised its dividend for more than three decades is one of its most attractive qualities.

Recently, the company also reaffirmed its 2026 outlook, with adjusted EBITDA guidance of $20.2 billion to $20.8 billion and DCF guidance of $5.70 to $6.10 per share. Moreover, it also continues to target roughly 5% near-term average annual growth in adjusted EBITDA, DCF per share, and earnings per share beyond 2026.

Foolish takeaway

If you have $21,000 or more sitting in a TFSA right now, Enbridge stock could be worth a serious look. Its dividend yield is attractive, its asset base is essential, and its secured backlog gives investors visibility into future growth. For long-term TFSA income, that combination is hard to dismiss.

The post Have $21,000 Sitting in a TFSA? Here’s a Dividend Stock Worth Putting It Into appeared first on The Motley Fool Canada.

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Fool contributor Jitendra Parashar has positions in Enbridge. The Motley Fool recommends Enbridge. The Motley Fool has a disclosure policy.

Choosing where to put a new Tax-Free Savings Account (TFSA) contribution can feel harder than making the contribution itself, especially amid the market volatility that we are seeing in 2026. However, this volatility shouldn’t discourage investors from putting fresh capital to work. In such market conditions, investors may want to focus on durable businesses, long-term growth potential, and enough financial strength to handle market swings.

In this article, I’ll highlight two strong Canadian stocks that could be worthy additions to a TFSA in 2026.

Brookfield stock brings global scale

The stock I’m starting with is Brookfield (TSX:BN), which stands out for its scale and long-term investment approach. This global investment firm mainly focuses on building long-term wealth through alternative asset management, wealth solutions, and operating businesses across renewable power, infrastructure, and real estate.

After climbing by 17% over the last year, BN stock currently trades at $62.14 per share, giving the company a market cap of about $152.3 billion.

Brookfield’s first-quarter distributable earnings before realizations rose 7% year-over-year (YoY) to US$1.4 billion, or US$0.59 per share. The increase was driven by growth in its asset management segment, continued scaling of wealth solutions, and stable cash flows from operating businesses.

Meanwhile, the company is continuing to focus on further expanding its asset management business, scaling wealth solutions, and simplifying its corporate structure. Year-to-date, its fundraising has reached US$67 billion, including US$21 billion in the first quarter and a US$40 billion Just Group mandate. The completed Just Group acquisition increases Brookfield’s insurance assets by US$40 billion to US$180 billion.

Overall, Brookfield stock remains attractive for long-term TFSA investors in 2026 because it combines global scale, hard-asset expertise, recurring asset management earnings, and a growing insurance platform.

Dollarama stock keeps executing

The next stock for TFSA investors to consider this year is Dollarama (TSX:DOL), which continues to benefit from stable demand for value retail. This value retailer sells consumables, general merchandise, and seasonal items at fixed price points up to $5 across Canada, while also expanding internationally through Latin America and Australia.

Dollarama stock recently traded at $181.22 per share, giving the company a market cap of about $49.1 billion. It’s up 6.1% quarter to date and offers a small dividend yield of about 0.3%.

In the fourth quarter of its fiscal 2026 (ended in January), Dollarama’s sales climbed 11.7% YoY to $2.1 billion. The company’s comparable store sales for the quarter also rose 1.5% from a year ago despite weather-related pressure on traffic, while its EBITDA (earnings before interest, taxes, depreciation, and amortization) margin remained strong at 33.9%.

For fiscal year 2027, Dollarama now expects 3% to 4% comparable store sales growth in Canada and plans 60 to 70 net new Canadian stores. At the same time, it’s investing in a Western Canada logistics hub, lifting Canadian capital expenditure guidance to $420 million to $470 million.

Dollarama seems like an amazing stock for TFSA investors right now as it combines a resilient value-retail model, strong Canadian store economics, disciplined capital returns, and multiple international growth platforms.

Two strong stocks for a TFSA

Brookfield and Dollarama are very different businesses, but both could make sense for long-term TFSA investors in 2026. Brookfield offers exposure to large-scale global assets and simplification potential, while Dollarama keeps proving the strength of disciplined value retail. Together, they offer two strong ways to put a $7,000 TFSA contribution to work in 2026.

The post 2 Strong Stocks Worth Putting Your $7,000 TFSA Contribution Into in 2026 appeared first on The Motley Fool Canada.

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Fool contributor Jitendra Parashar has positions in Brookfield Corporation and Dollarama. The Motley Fool has positions in and recommends Brookfield Corporation. The Motley Fool recommends Dollarama. The Motley Fool has a disclosure policy.

When it comes to Tax-Free Savings Account (TFSA) and Registered Retirement Savings Plan (RRSP) savings, there’s no clear benchmark for a typical 45-year-old because everyone’s financial situation is different. Some prioritize paying down debt, while others focus on maximizing contributions and growing their investment portfolios.

Still, Statistics Canada data offers a rough but useful picture of retirement savings among Canadians in this age range. The data shows that Canadians aged 45 to 54 who held TFSA assets had an average TFSA asset value of $40,500 in 2023. Among those who held retirement assets, Canadians in this age group had an average of $173,500 in RRSPs, Registered Retirement Income Funds (RRIFs), Locked-in Retirement Accounts (LIRAs), and similar retirement accounts.

Regardless of the exact balance, the quality of the investments held inside those accounts could make a huge difference over time. Businesses that generate reliable cash flow, operate in essential industries, and have opportunities to grow can help investors steadily build wealth for retirement. With that in mind, let’s look at two top Canadian stocks that could be worth considering today for TFSA and RRSP investors.

A transportation giant with long-term advantages

One company that could fit well into a long-term retirement portfolio is Canadian National Railway (TSX:CNR), or CN, due to its scale and stable performance. Headquartered in Montreal, the railway giant operates nearly 20,000 miles of track connecting Canada’s east and west coasts with key markets in the United States.

After climbing 34% over the last six months, CNR stock now trades at $167.94 per share, giving the company a market capitalization of $102.7 billion. At this market price, it also offers a dividend yield of 2.2%, providing investors with a combination of income and growth potential.

A major driver behind CN’s recent performance has been its ability to move more freight while improving efficiency across its network. In the first quarter, the company’s revenue ton miles (RTMs) rose 3% year-over-year (YoY) to a record 61.8 billion, while its gross ton miles also climbed 3% to 118.4 billion. CN also achieved record first-quarter fuel efficiency of 0.892 gallons per 1,000 gross ton miles, a 3% improvement from a year ago, while employee productivity reached its best first-quarter level in five years.

Meanwhile, the company is continuing to invest in its network through a planned $2.8 billion capital program for 2026. With its unmatched rail infrastructure, strong cash flow profile, and continued focus on efficiency, CN stock could deliver long-term value to TFSA and RRSP investors.

A global agriculture leader

Nutrien (TSX:NTR) is another stock that could appeal to investors building retirement savings. Based in Saskatoon, Nutrien is one of the world’s largest providers of crop inputs and agricultural services, serving growers through its Retail, Potash, Nitrogen, and Phosphate segments.

At the time of writing, NTR stock traded at $93.63 with a market cap of $45 billion. Over the last year, its shares have gained 14% with the help of strong customer demand and solid execution across the business. Nutrien currently offers a dividend yield of 3.1%, adding an attractive income component for long-term TFSA and RRSP investors.

In the first quarter of 2026, the company reported net earnings of US$139 million, driven by record potash sales volumes and stronger fertilizer pricing. Similarly, its retail segment benefited from higher crop nutrient sales and improved margins on proprietary products.

In recent quarters, Nutrien has increased its focus on strengthening its core operations and improving capital efficiency. The company is working on initiatives to boost long-term free cash flow while reviewing options for several non-core assets, including its Phosphate business, Trinidad Nitrogen facility, and Brazilian Retail operations.

These efforts could help simplify Nutrien’s business, improve its profitability, and enhance shareholder value over the long term.

The post How Much Does a Typical 45-Year-Old Have Saved in Their TFSA and RRSP? appeared first on The Motley Fool Canada.

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Fool contributor Jitendra Parashar has no position in any of the stocks mentioned. The Motley Fool recommends Canadian National Railway and Nutrien. The Motley Fool has a disclosure policy.

A Registered Retirement Savings Plan (RRSP) could be a powerful retirement planning tool, but it’s not always the most flexible account for long-term investing. A Tax-Free Savings Account (TFSA), by contrast, lets you grow your hard-earned money tax-free and withdraw funds without triggering taxable income.

That flexibility makes the TFSA really valuable for investors who want their best long-term holdings to keep compounding without future tax friction. With the right mix of growth and dividend stocks, your TFSA can do a lot of heavy lifting.

If you’re looking to maximize the long-term potential of your TFSA, here are two top TSX stocks that I find appealing for a long-term TFSA strategy.

Brookfield Renewable Partners stock

For investors who want their TFSA to build long-term wealth, Brookfield Renewable Partners (TSX:BEP.UN) is a strong choice. This global renewable power firm has hydroelectric, wind, solar, and sustainable-solutions assets across North America, South America, Europe, and the Asia-Pacific region.

Brookfield Renewable has about 46,200 megawatts (MW) of installed capacity and a development pipeline of roughly 200,000 MW. That scale gives it exposure to rising demand for clean power, while its global footprint helps diversify its growth opportunities.

In the first quarter, the company posted record funds from operations (FFO) of US$375 million, or US$0.55 per unit, up 19% year over year (YoY). Its hydroelectric FFO rose nearly 30% YoY to US$210 million, backed by strong pricing and generation in Canada and Colombia. Meanwhile, its wind and solar segments together generated US$245 million in FFO, up more than 60% YoY, supported by strategic acquisitions and asset sales.

Brookfield Renewable also continues to expand aggressively. The company announced an agreement to acquire Boralex, a Canadian renewable platform with more than 4,000 MW of operating and under-construction assets.

In addition, the firm expects about US$2.8 billion in proceeds from signed and closed transactions under its asset recycling program. Given these strong fundamentals, Brookfield Renewable remains an appealing stock for long-term TFSA investors.

Scotiabank stock

A TFSA built only around growth can still become uneven, which is why a large dividend payer such as Bank of Nova Scotia (TSX:BNS), or Scotiabank, could also play an important role. The bank operates across personal, commercial, corporate, and investment banking, giving investors exposure to a broad financial-services platform.

Currently, BNS stock trades at $112.36 per share with a market cap of $138.4 billion. Over the last year, BNS stock has climbed 53% while offering a dividend yield of 4.1%.

Scotiabank’s second-quarter results (for the quarter ended in April) showed strong earnings momentum as its net income came in at $2.6 billion, while earnings were $2 per share, up from $1.48 a year earlier. The bank’s Canadian banking segment generated $935 million in net income, up 53% YoY, backed by higher revenue and lower provisions for credit losses.

Scotiabank also announced an agreement to acquire MapleMark Bank, a U.S. commercial bank, to support deposit growth and strengthen its North American corridor strategy. The acquisition is expected to provide Federal Deposit Insurance Corporation (FDIC) deposit insurance, supporting its mortgage capital markets business.

Why these stocks are perfect for a long-term TFSA strategy

Both Brookfield Renewable Partners and Scotiabank could help you turn your TFSA into more than a secondary savings account. While one offers exposure to a major renewable-energy growth platform, the other adds banking scale, dividends, and financial stability. For investors trying to maximize long-term tax-free growth, the TFSA may do the heavy lifting with these stocks.

The post Why Your TFSA – Not Your RRSP – Should Be Doing the Heavy Lifting appeared first on The Motley Fool Canada.

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• Here’s How I’d Invest $5,000 in Canadian Stocks Right Now

Fool contributor Jitendra Parashar has no position in any of the stocks mentioned. The Motley Fool recommends Bank of Nova Scotia and Brookfield Renewable Partners. The Motley Fool has a disclosure policy.

A Tax-Free Savings Account (TFSA) could do a lot more than hold idle cash, if you really want it to. When it’s filled with some fundamentally solid dividend stocks that generate stable payouts, it could become a practical source of tax-free passive income, with the added benefit of long-term growth potential.

If you have $25,000 in TFSA savings today, your investing approach does not need to be overcomplicated. In fact, a small basket of dividend stocks with reliable businesses and attractive yields could help turn those savings into recurring cash flow, especially if you follow the Foolish investing philosophy.

In this article, I’ll highlight two such TSX stocks that could fit that TFSA investing approach.

Cascades stock

For investors who want income linked to everyday products and sustainability trends, Cascades (TSX:CAS) is an interesting place to start. This company provides packaging, hygiene, and recovery solutions, operating through its packaging products and tissue papers segments.

At the time of writing, CAS stock traded at $10.74 per share with a market cap of about $1.1 billion. Over the last year, the stock has climbed 18%. At this market price, it also offers a dividend with a 4.5% yield, making it a strong option for investors seeking TFSA income.

One factor supporting Cascades is its focus on sustainability and innovation. In the first quarter, the company’s revenue slipped 2.5% year-over-year (YoY) to $1.1 billion due mainly to external and operational factors. Nevertheless, its quarterly operating profit climbed to $81 million, up from $50 million a year ago.

Cascades is targeting $100 million in profitability improvements by the end of 2026, driven by cost reductions, logistics optimization, productivity gains, and pricing actions.

Despite short-term challenges, Cascades stock looks attractive for long-term TFSA investors because it combines essential packaging and tissue products with a sustainability-focused business model, recycling expertise, and ongoing operational restructuring.

Doman Building Materials stock

Another TFSA income stock with a very strong business model is Doman Building Materials (TSX:DBM). The company is an integrated distributor of building materials and related products, with treating plants, specialty planing mills, sawmills, and distribution centres across Canada and select U.S. markets.

After rising 22% over the last year, DBM stock now trades at $10.43 per share with a market cap of $915.4 million. It also offers a dividend yield of 5.4%, giving investors both income and recent momentum.

Doman’s recent performance has been helped by its market position and diversified product offerings. In the first quarter of 2026, the company delivered revenue of $762 million, down slightly from the previous year because of lower pricing in some construction materials categories. On the brighter side, its gross margin improved to 17% from 16.7%, showing stronger operating efficiency.

At the same time, the company’s EBITDA (earnings before interest, taxes, depreciation, and amortization) came in at $68.1 million, down slightly from $70 million a year earlier. Even so, its net profit improved slightly to $23.9 million from $23.6 million, highlighting its ability to manage costs and remain profitable through changing industry conditions.

Looking ahead, Doman’s large distribution network, geographic diversification, and cost-management focus give it a solid base for long-term growth. For TFSA investors seeking consistent income, its higher yield and building-materials exposure could make it a useful complement to other dividend holdings.

The post A Simple Way to Turn $25,000 in TFSA Savings Into Consistent Income appeared first on The Motley Fool Canada.

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Fool contributor Jitendra Parashar has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

One of the biggest advantages a Tax-Free Savings Account (TFSA) gives you is the ability to earn investment income completely tax-free. That benefit becomes even more powerful when you own investments that generate regular cash flow, allowing you to reinvest distributions or supplement your income without worrying about taxes on the gains.

For TFSA investors seeking consistent monthly payments, some fundamentally solid real estate investment trusts (REITs) could be really appealing. One such REIT that currently offers a dividend yield of above 5% is H&R Real Estate Investment Trust (TSX:HR.UN). Its diversified portfolio, improving financial position, and appealing monthly payouts make it a compelling option for TFSA investors looking to build wealth over time.

Let’s take a deeper dive and understand why this monthly dividend stock looks like a perfect TFSA investment today.

A diversified real estate portfolio

Simply put, H&R REIT is one of Canada’s largest real estate investment trusts, with properties across residential, industrial, office, and retail sectors. That mix helps spread risk and provides exposure to different parts of the real estate sector.

As of June 3, its stock traded at $10.37 per share, giving the trust a market capitalization of roughly $2.7 billion. While the stock has gained nearly 5% over the two months, it currently offers an annualized dividend yield of 5.8%, paid monthly — making it especially attractive for investors seeking regular passive income within a TFSA.

Strengthening the balance sheet

In recent years, H&R REIT has increased its focus on simplifying the business and improving its balance sheet. During the first quarter, the trust completed $1.5 billion in retail and office property sales as part of its strategy to dispose of non-core assets. These transactions helped it reduce debt and improve liquidity, leaving the company with cash and cash equivalents of $68.5 million and an additional $897 million available through unused credit facilities.

The benefits of these efforts are already showing up in the latest numbers. At the end of the March 2026 quarter, H&R’s total assets stood at $8.1 billion, while its debt-to-total-assets ratio improved to 31.7% from 38.4% in the prior quarter.

The trust also strengthened its leverage profile as its debt-to-adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) ratio declined to 7.0 times from 9.3 times, reflecting healthy progress in reducing financial risk.

Operational performance remains solid

Beyond these efforts to improve its financial position, H&R REIT is continuing to generate stable cash flow from its property portfolio. For the recent quarter, its rental revenue from investment properties reached $184.3 million, while net operating income (NOI) totalled $85.9 million. Similarly, its same-property NOI on a cash basis came in at $90.1 million, highlighting the resilience of the trust’s underlying operations.

At the same time, H&R is working to improve efficiency in its residential segment by partnering with Greystar Real Estate Partners to manage Lantower Residential properties. This move is expected to generate annual cost savings of about US$5 million while improving operating efficiency across its residential portfolio.

A strategy built for long-term growth

In the years to come, H&R REIT’s focus on high-quality residential and industrial properties could support growth. These sectors have generally showcased stronger long-term demand trends than many traditional office and retail properties.

The trust’s ongoing repositioning strategy continues to strengthen the portfolio while improving financial flexibility. Management’s disciplined execution has helped accelerate debt reduction and position the REIT for future opportunities.

Given all these positive factors, H&R REIT’s 5.8% dividend yield and ongoing transformation make it a compelling option to consider, especially for TFSA investors seeking dependable monthly income coupled with long-term growth potential.

The post A Perfect June TFSA With a 5.8% Monthly Payout appeared first on The Motley Fool Canada.

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Fool contributor Jitendra Parashar has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Many investors see a Tax-Free Savings Account (TFSA) as a tool to work toward long-term financial freedom in the long run. While growth remains important, generating reliable passive income could also play an important role in building wealth over time. That’s why high-yield investments that provide regular monthly cash flow remain on TFSA investors’ radar.

Speaking of monthly income, investors should remember that a high yield alone is not enough to justify an investment. The quality of the underlying business and the sustainability of its payouts are just as important.

Keeping that in mind, one TFSA stock that looks appealing is Slate Grocery REIT (TSX:SGR.UN). Its portfolio is built around grocery-anchored properties, where tenant demand remains relatively resilient because the locations serve everyday consumer needs. Let’s look at some more reasons why this monthly dividend stock could deserve a spot in your TFSA portfolio.

A top TFSA stock with monthly payouts

Slate Grocery REIT mainly focuses on grocery-anchored real estate across major U.S. metropolitan markets. These properties serve as critical community hubs, housing grocery stores and other essential retailers. This focus on necessity-based retail helps provide it with stable occupancy and recurring rental income.

Despite the broader market volatility and economic uncertainties, Slate Grocery stock has climbed by 15%. As a result, it currently trades at $17.19 per share, giving the trust a market capitalization of slightly more than $1 billion. More importantly for income investors, it rewards investors with attractive monthly dividends, with its annualized yield currently standing at around 6.9%.

Strong operating momentum

In the latest quarter ended in March 2026, Slate’s rental revenue rose by 11.8% year over year (YoY) to US$59.3 million with the help of strong leasing activity and higher rental rates. During the period, the real estate investment trust (REIT) completed more than 725,000 square feet of leasing activity at double-digit rental spreads.

Its renewal leases were completed at rates 18.9% above expiring rents, while new leases were signed at rates 49% above the comparable average in-place rents. These positive factors clearly show Slate Grocery REIT’s pricing power and give it a strong foundation for future revenue growth.

For the quarter, the REIT also reported same-property net operating income (NOI) growth of 2.1% on a trailing 12-month basis after adjusting for completed redevelopment projects. At the same time, its portfolio occupancy remained solid at 94.4%, highlighting the continued demand for its grocery-anchored properties.

A solid foundation for future growth

Beyond its current operating strength, Slate Grocery REIT maintains a weighted average interest rate of 5%, with 90.2% of its debt carrying fixed interest rates. These fixed rates give it stability in financing costs and reduce exposure to interest rate volatility.

Meanwhile, the REIT is also exploring opportunities to enhance unitholder value as it recently formed a special committee to review strategic alternatives, including a potential sale of the trust.

Foolish takeaway

Slate Grocery REIT offers a great combination of dependable monthly income, strong leasing momentum, and long-term growth potential. Its portfolio of essential grocery-anchored properties continues to generate solid operating results, while future rent growth opportunities and strategic efforts could provide additional upside, making it an attractive choice for TFSA investors.

The post The Ideal TFSA Stock for June Paying 6.9% Each Month appeared first on The Motley Fool Canada.

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Fool contributor Jitendra Parashar has no position in any of the stocks mentioned. The Motley Fool recommends Slate Grocery REIT. The Motley Fool has a disclosure policy.

By the time most people reach their 40s, retirement planning usually becomes a big priority. According to Canada Revenue Agency data, the average TFSA fair market value for Canadians aged 40 to 44 was about $20,670 in the 2023 contribution year, highlighting both the progress many investors have made and the room that remains for long-term growth. At this stage, many investors focus on growing their Tax-Free Savings Account (TFSA) and Registered Retirement Savings Plan (RRSP) balances while generating reliable income and protecting their portfolios from market volatility.

While savings and investment balances can vary widely from person to person, dependable dividend stocks often remain at the core of successful long-term TFSA and RRSP portfolios. Fundamentally strong TSX-listed companies with durable businesses, dependable cash flows, and a long history of rewarding shareholders with dividends could help investors steadily grow their hard-earned savings over time.

In this article, I’ll highlight two Canadian dividend stocks that could be strong additions to a TFSA or RRSP for long-term investors.

A dividend giant to grow TFSA or RRSP savings

A dividend stock that naturally fits into a long-term TFSA or RRSP is Enbridge (TSX:ENB), as it keeps generating reliable cash flow across economic cycles. This Calgary-based energy infrastructure firm runs a diversified network of crude oil pipelines, natural gas transmission assets, gas utilities, storage facilities, and renewable power assets across North America.

Following a 23% rally over the last 12 months, ENB stock currently trades at $78.83 per share, giving it a market cap of $172 billion.

Enbridge’s distributable cash flow rose to $3.9 billion from $3.8 billion in the March 2026 quarter, with the help of higher cash distributions and lower current taxes.

Meanwhile, the company continues to invest heavily in future growth. One of its notable projects is the US$700 million Cone onshore wind project in Texas, which supports Meta Platforms’ data centre operations under a long-term power purchase agreement. Recently, Enbridge also approved a US$400 million expansion of the Tres Palacios natural gas storage facility to support growing export demand along the U.S. Gulf Coast.

With a secured capital backlog of $40 billion and annual investment capacity of $10 billion to $11 billion, Enbridge remains well-positioned for long-term upside. At the same time, its dividend yield of 5% makes ENB stock even more attractive for income-focused TFSA and RRSP investors.

A utility stock for TFSA or RRSP stability and income

Another strong option for long-term TFSA or RRSP investors is Fortis (TSX:FTS), especially for those who value stability and steady income. This Canadian utility giant operates regulated electric and gas utilities across North America and the Caribbean, which helps it provide investors with a stable and predictable cash flow.

After rising 14% in the last year, FTS stock now hovers close to $76 per share with a market cap of $38.7 billion.

In the first quarter, Fortis posted net profit of $501 million, slightly better than $499 million a year ago. Growth in its regulated rate base and favourable earnings timing at Central Hudson supported its financial performance, although some gains were offset by costs associated with rate base growth not yet reflected in customer rates.

Moreover, Fortis is advancing several major projects, including the Big Cedar Load Expansion project, which is expected to support significant new data centre demand by 2028. FortisBC Energy’s Tilbury LNG Storage Expansion project is also progressing through the environmental assessment process.

Fortis stock currently offers a dividend yield of 3.4%, backed by a long history of dividend growth and a highly regulated business model.

Foolish bottom line

You can’t expect to grow TFSA or RRSP savings by chasing short-term gains all the time. Instead, it could be achieved more reliably by owning quality businesses that could compound wealth over many years. Enbridge and Fortis both offer dependable dividends, strong underlying businesses, and clear growth plans that could help investors in their 40s steadily grow their retirement savings.

The post Here’s the Average TFSA and RRSP for a 40-Year-Old in Canada appeared first on The Motley Fool Canada.

More reading

• How $20,000 Across 4 TSX Stocks Can Deliver $1,000 in Passive Income
• How to Convert $25,000 in TFSA Savings Into Reliable Cash Flow
• How to Use Just $20,000 to Turn Your TFSA Into a Reliable Cash-Generating Machine
• 2 Canadian Energy Stocks I’d Buy and Hold Right Now
• 1 Canadian Stock for Growth, 1 for Value, and 1 for Dividends — All Worth Buying Now

Fool contributor Jitendra Parashar has positions in Enbridge. The Motley Fool recommends Enbridge, Fortis, and Meta Platforms. The Motley Fool has a disclosure policy.

The capital gains and dividend distributions earned inside a Tax-Free Savings Account (TFSA) grow tax-free, making it an ideal place to hold investments you plan to keep for years. While individual stocks could deliver strong returns, exchange-traded funds (ETFs) offer instant diversification and require less ongoing maintenance.

If I were building a TFSA portfolio to compound for decades, these three Canadian-listed ETFs would be near the top of my buy-and-hold list.

BMO Canadian Dividend ETF

Investors looking for a mix of income and long-term growth may find plenty to like about the BMO Canadian Dividend ETF (TSX:ZDV). The fund is designed to invest in Canadian dividend-paying stocks using a rules-based approach that considers dividend growth, yield, and payout ratios.

What makes ZDV even more attractive for TFSA investors is its focus on established Canadian businesses with proven dividend-paying histories. Many of these companies operate in sectors that generate reliable cash flows, helping support both distributions and long-term capital appreciation.

ZDV holds 65 securities and is heavily weighted toward financial and energy stocks, which together account for more than 60% of its portfolio. Its largest positions include large-caps like Royal Bank of Canada, Toronto-Dominion Bank, Enbridge, Canadian Imperial Bank of Commerce, and Canadian Natural Resources.

BMO Canadian Dividend ETF currently offers monthly distributions with a 2.7% yield and has a management expense ratio (MER) of 0.39%. It has also delivered solid performance, delivering a 41.5% return in just one year as of April 30.

iShares S&P/TSX Canadian Dividend Aristocrats Index ETF

For investors who value consistency, the iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (TSX:CDZ) is also worth considering.

This fund tracks an index of Canadian stocks that have raised their ordinary cash dividends every year for at least five consecutive years. That requirement naturally helps it include only the businesses with stable operations and a shareholder-friendly approach.

CDZ ETF currently holds 96 stocks and offers broad diversification across sectors, with energy representing its largest sector allocation, followed by financials, industrials, utilities, and real estate. Its top holdings include South Bow, TELUS, Gibson Energy, Westshore Terminals Investment, Enbridge, and Canadian Natural Resources.

The ETF distributes income monthly and offers a distribution yield of roughly 3.1%. Interestingly, since its launch in 2006, a $10,000 TFSA investment would have grown to nearly $48,000 by April 2026 with distributions reinvested.

BMO Nasdaq 100 Equity Hedged to CAD Index ETF

While dividend ETFs can provide stability, every long-term TFSA portfolio should also have some exposure to growth stocks. That’s exactly what the BMO Nasdaq 100 Equity Hedged to CAD Index ETF (TSX:ZQQ) offers. As of April 2026, ZQQ ETF generated annualized returns of 25.8% over three years.

ZQQ ETF aims to replicate the performance of the Nasdaq-100 Index while hedging U.S. dollar exposure back to the Canadian dollar. The ETF gives investors access to many of the world’s largest technology and innovation-driven companies without having to buy individual U.S. stocks.

The tech sector accounts for more than 53% of its portfolio, while communication services and consumer discretionary stocks also hold large weightings. Its largest holdings include American giants like Nvidia, Apple, Microsoft, Amazon, Alphabet, Broadcom, Tesla, Meta Platforms, and Walmart.

Unlike the other two ETFs, ZQQ is not built primarily for income. Instead, it offers exposure to companies leading major trends such as artificial intelligence (AI), cloud computing, digital advertising, and e-commerce. For TFSA investors with a long-term approach, that growth potential could be difficult to ignore.

The post 3 Canadian ETFs I’d Tuck Into a TFSA and Never Consider Selling appeared first on The Motley Fool Canada.

More reading

• Investors: Why Many Canadians Aren’t Using Their TFSA the Right Way
• 2 Canadian ETFs I’d Lock Into a TFSA and Never Touch
• Why Canadian Dividend ETFs Could Be the Simplest Way to Defend Your Portfolio
• The Bank of Canada Just Spoke: Here’s What I’d Buy in a TFSA Now
• 3 Canadian ETFs to Buy and Hold Now in Your TFSA

Fool contributor Jitendra Parashar has positions in Amazon, Apple, Canadian Natural Resources, Enbridge, Microsoft, Nvidia, Tesla, and Toronto-Dominion Bank. The Motley Fool recommends Alphabet, Amazon, Apple, Broadcom, Canadian Natural Resources, Enbridge, Gibson Energy, Meta Platforms, Microsoft, Nvidia, TELUS, Tesla, Walmart, and Westshore Terminals Investment Corporation. The Motley Fool has a disclosure policy.