Written by Aditya Raghunath at The Motley Fool Canada
Quality growth stocks can help investors grow significant wealth over time. Investors need to identify companies that are reporting consistent profits and are part of expanding addressable markets, allowing them to increase sales and cash flow across market cycles.
Moreover, you can hold these stocks in a TFSA (Tax-Free Savings Account) and generate tax-sheltered gains for life. The TFSA is a popular registered account in Canada that can be used to hold various qualified investments such as stocks, bonds, mutual funds, and exchange-traded funds.
Here are two Canadian growth stocks I’d stash in a TFSA right now.
Shopify stock
Valued at US$75 billion by market cap, Shopify (TSX:SHOP) stock is down 63% from all-time highs, allowing you to buy the dip. Shares fell roughly 16% in a single trading session after the Canadian e-commerce giant announced its…
