Written by Christopher Liew, CFA at The Motley Fool Canada
The Tax-Free Savings Account (TFSA) has become indispensable for Canadians. You can achieve long-term financial goals, including a comfortable retirement, by maximizing the annual contribution limits. Since money growth in a TFSA is tax-free, your money could grow faster than other investment accounts.
Five Canadian stocks have delivered enormous gains in the last three years, despite rising inflation and rapidly rising interest rates. You have a real chance of doubling or even tripling your TFSA’s value if you hold them in your basket of stocks.
Money-makers
NuVista Energy (TSX:NVA) and CES Energy Solutions (TSX:CEU) are ideal TFSA holdings for their market-beating returns. The current share prices are 386% and 306% higher than in 2021. With the energy sector regaining lost ground this year, both stocks should sustain upward trajectories.
NuVista…
