Written by Robin Brown at The Motley Fool Canada
The Tax-Free Savings Account (TFSA) is a perfect place to grow substantial wealth over long periods. Being safe from tax implications means you can invest, compound your capital, and not worry about the government taking its share. This is particularly important in an era in which governments are looking to offset big deficit spending by raising taxes on investors.
If you are looking for some high-end TFSA stocks to hold over a lifetime, here are quality Canadian businesses that could be good buys today.
A tech stock for any TFSA
It would be wise to firstly include Constellation Software (TSX:CSU) or one of its spin-outs (Topicus.com or Lumine) at the top of this TFSA portfolio list. Constellation has consistently been one of the best performing stocks in Canada. Over the past five years, it has compounded annual returns by around 25%.
Constellation has an…
