Source: Getty Images <\/p>\n
Written by Karen Thomas, MSc, CFA<\/a> at The Motley Fool Canada<\/p>\n The tax-free savings account, or TFSA, is a key tax-savings tool that we can use in order to maximize our life savings. Whenever the government gives us a tax break, we should take full advantage of it to the best of our ability. So, whether you\u2019re just starting out and your TFSA contribution limit is $7,000 or you\u2019ve been eligible since 2009 and your limit is the full $109,000, aim to maximize your contributions accordingly.<\/p>\n With this, the next step to think about is what you should hold in your TFSA. The best stocks to own here are those that have the highest dividend yields and those that have the highest potential for capital appreciation \u2013 thereby maximizing your tax savings.<\/p>\n While this is by no means an easy task, it is totally doable. In this article, I\u2019d like to put forth four Canadian stocks for your consideration. These are Canadian stocks to buy and hold forever in your TFSA.<\/p>\n Enbridge Inc. (TSX:ENB<\/a>) in one of the best stocks on the TSX. It provides a healthy dividend yield of more than 6%, a strategic position in the Canadian oil and gas industry, and a low-risk business model.<\/p>\n In fact, Enbridge\u2019s dividend is one of the most secure and reliable dividends that investors can get from a TSX stock. Enbridge recently announced its 31st consecutive annual dividend increase, effective March 2026. This stellar dividend history is made possible by Enbridge\u2019s defensive business.<\/p>\n The company performs an essential role within the energy industry. Its\u00a0utility segment<\/a>\u00a0is regulated and, therefore, generates highly predictable cash flow and returns. Its oil and gas business transports significant volumes of oil and gas within North America. This business is characterized by long-term contracts and further contributes to Enbridge\u2019s low-risk business model.<\/p>\n Enbridge\u2019s strong dividend yield and potential for long-term appreciation makes it a top TTFSA pick.<\/p>\n As a healthcare property owner, Northwest Healthcare Properties REIT (TSX:NWH.UN<\/a>) offers investors a reliable dividend yield of 6.6%. While the company got into some trouble a couple of years ago and had to lower its dividend, today it\u2019s correcting its wrongs.<\/p>\n I expect that better discipline by the new management will continue to result in lower debt levels, and a stronger balance sheet and cash flows. In turn, this will enable Northwest to really benefit from the positive fundamentals and defensive nature of the healthcare real estate business.<\/p>\n In the latest quarter, its adjusted funds from operations increased 16% to $0.11 per share. This puts its payout ratio at 85%, compared to 99% in the same period last year.<\/p>\n As an oil and gas exploration and development company that\u2019s mostly exposed to natural gas, I expect good things for Peyto Exploration and Development Corp. (TSX:PEY<\/a>). As one of the lowest-cost and best-run producers, this Canadian stock stands to benefit greatly as natural gas prices rise over the long term, which I expect they will.<\/p>\n Long-term demand<\/a> forecasts for natural gas are supported by the electrification of the energy grid and rising liquified natural gas (LNG) demand, as well as new demand from data centres. All of this is expected to increase natural gas prices. In the last year, U.S. NYMEX natural gas has increased 5.1% to $3.40, and Canadian AECO natural gas prices have increased 25% to $1.69. While LNG prices have weakened, the long-term trend is up.<\/p>\n Peyto is currently yielding 6.2%. \u00a0It\u2019s a good candidate for any TFSA portfolio.<\/p>\n Telus Corp. (TSX:T<\/a>) has been in the news a lot lately due to dividend and debt concerns. After halting its dividend growth program, investors became worried and the stock fell. Today, it\u2019s yielding 9% and it represents a great opportunity for investors.<\/p>\n The company has responded to its issues. They\u2019re buying back stock, increasing insider buying, and stepping up the search to monetize its very successful Telus Health business. I feel like Telus stock is paying investors for the risk that they take on by buying the stock. The risk is being properly addressed, in my view. I therefore think that Telus is an attractive addition to any investor\u2019s TFSA.<\/p>\n The post TFSA: 4 Canadian Stocks to Buy and Hold Forever<\/a> appeared first on The Motley Fool Canada<\/a>.<\/p>\n Before you buy stock in TELUS, consider this:<\/p>\n The Motley Fool Stock Advisor Canada analyst team identified what they believe are the 5 best stocks for investors to buy now\u2026 and TELUS wasn\u2019t one of them. The 5 stocks that made the cut could potentially produce monster returns in the coming years.<\/p>\n Consider MercadoLibre, which we first recommended on January 8, 2014 \u2026 if you invested $1,000 in the \u201ceBay of Latin America\u201d at the time of our recommendation, you\u2019d have $20,568.17!*<\/p>\n Now, it\u2019s worth noting Stock Advisor Canada\u2019s total average return is 99%* \u2013 a market-crushing outperformance compared to 77%* for the S&P\/TSX Composite Index. Don\u2019t miss out on our top 5 list, available when you join Stock Advisor Canada.<\/p>\n See the 5 Stocks<\/a><\/p>\n * Returns as of January 5th, 2026<\/p>\n More reading<\/p>\n Fool contributor Karen Thomas has positions in TELUS, Enbridge, NorthWest Healthcare Properties Real Estate Investment Trust, and Peyto. The Motley Fool recommends Enbridge, NorthWest Healthcare Properties Real Estate Investment Trust, and TELUS. The Motley Fool has a disclosure policy<\/a>.<\/p>\n 2026<\/p>\n","protected":false},"excerpt":{"rendered":"Source: Getty Images Written by Karen Thomas, MSc, CFA at The Motley Fool Canada The tax-free savings account,…\n","protected":false},"author":2,"featured_media":400619,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[45,49,48,168985,41509,168984,23843,28979,133,18182,3235,29584,131,132,162371,19417,43554,168983],"class_list":["post-400618","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-ca","tag-canada","tag-canadian-oil-and-gas-industry","tag-canadian-stocks","tag-dividend-increase","tag-dividend-yields","tag-enbridge","tag-finance","tag-fool-canada","tag-investors","tag-natural-gas-prices","tag-personal-finance","tag-personalfinance","tag-tax-savings","tag-tax-free-savings-account","tag-tfsa","tag-tfsa-contribution-limit"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/400618","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=400618"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/400618\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/400619"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=400618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=400618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=400618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}