Image source: Getty Images
The Tax-Free Savings Account, or TFSA, is a flexible registered account that can be used to hold a variety of asset classes such as equities, bonds, exchange-traded funds, and mutual funds. As any returns generated in the TFSA are exempt from Canada Revenue Agency taxes, it makes sense to hold a portfolio of dividend growth stocks, which allows you to earn a regular stream of passive income and benefit from capital gains over time.
Here are three such TSX energy stocks TFSA investors can buy and hold for fast-growing passive income in 2024 and beyond.
Tourmaline Oil stock
Shares of Tourmaline Oil (TSX:TOU) returned roughly 100% to shareholders after adjusting for dividends in the past 10 years. Valued at $20.6 billion by market cap, the TSX energy stock pays shareholders an annual dividend of $1.12 per share, translating to a forward yield of 1.9%.
While the dividend yield is…
