Written by Robin Brown at The Motley Fool Canada
If you want to compound investment earnings for long periods (like decades), you need to max out your TFSA (Tax-Free Savings Account). Stocks held in a TFSA are safe from all taxation.
That means your investments and gains can compound without restraint. You are more likely to hit your financial goals faster by using a TFSA. If you are wondering what kind of stocks to hold in a TFSA, here are five top-performing Canadian stocks for the decades ahead.
A transport stock for any TFSA
TFI International (TSX:TFII) has really delivered for long-term shareholders. Its stock is up 320% in the past five years and 688% in the past 10 years. That doesn’t factor in its growing dividend per share either.
TFI is not an exciting business. TFI operates a mix of shipping, logistics, and freight businesses. It has a smart management team of cost-efficient operators. They have…
