Written by Rajiv Nanjapla at The Motley Fool Canada
The TFSA (tax-free savings account) allows investors to earn tax-free returns on a specified amount called contribution room. For this year, the CRA (Canada Revenue Agency) has set the contribution room at $7,000, while the cumulative limit for a person 18 and above in 2009 would be $95,000. So, investors should look to add quality growth stocks to their TFSA to earn oversized returns in the long run. Here are my two top picks.
Celestica
Celestica (TSX:CLS) offers design, manufacturing, hardware platform, and supply chain solutions to a broad customer base covering different sectors. It utilizes its global expertise to provide insights at every stage of product development. Given its solid first-quarter performances and exposure to high-growth sectors, such as electronics manufacturing services and artificial intelligence, the company has delivered impressive…
