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Written by Chris MacDonald<\/a> at The Motley Fool Canada<\/p>\n I\u2019m of the view that creating a million-dollar portfolio is no longer a big, hairy, audacious goal. In reality, more soon-to-be retirees will need a portfolio of this size to retire comfortably. I\u2019ve discussed in other pieces that in order for the median Canadian to have the retirement they\u2019re looking for, they\u2019ll need around $2 million (in some cases more) to retain a spending level similar to where it was during one\u2019s working life.<\/p>\n With that in mind, a Tax-Free Savings Account (TFSA) is one of the best tools for investors to save for retirement, as the funds that are pulled out of these TFSAs are done so on a tax-free basis in retirement. That means that a $1 million TFSA could be much more valuable, on a tax-adjusted basis.<\/p>\n Here are two top stocks I think deserve a place in all investor TFSAs right now.<\/p>\n Growth stocks<\/a> are the preferred investment type in a TFSA, since capital gains are tax free. Thus, it makes sense to kick off this list with Canada\u2019s preeminent growth stock, Shopify (TSX:SHOP<\/a>).<\/p>\n With surging e-commerce volumes in recent quarters supporting Shopify\u2019s underlying fundamentals, this top growth stock is among the cheapest it has been in a long time. On a forward basis, Shopify\u2019s stock is now trading at around 80 times earnings. That\u2019s still high compared to most stocks, but it\u2019s a reasonable multiple given Shopify\u2019s earnings growth rate in recent years.<\/p>\n For those who believe that the growth we\u2019ve seen in the e-commerce sector will continue for decades to come, Shopify is the way to play this trend. This company\u2019s e-commerce platform is among the best in the sector, and should continue to drive both top and bottom-line growth (along with solid cash flows) over the long term. That\u2019s good enough for me.<\/p>\n One small-cap Vancouver-based company I remain very bullish on right now is The Metals Company (NASDAQ:TMC<\/a>).<\/p>\n That remains the case, with this deep sea mining player among the early entrants in what I think could be an absolutely massive market. There are varying estimates for how large this market will ultimately be, but I think TMC is among the leaders in looking to capitalize on a metals and minerals space which could be worth trillions of dollars in coming years.<\/p>\n I should note, this is a speculative pick. Plenty needs to go right in order for TMC stock to see the kind of appreciation some see ahead.<\/p>\n That said, I\u2019m of the view that the risk is worth the reward in this case. A number of permit approvals, as well as the fact that TMC is looking to mine under the U.S. flag in its international jurisdictions, could lead to a faster pathway to commercialization than many think.<\/p>\n The post If You Want a Million-Dollar TFSA, You\u2019ll Likely Need These Stocks In It<\/a> appeared first on The Motley Fool Canada<\/a>.<\/p>\n Before you buy stock in TMC The Metals Company, consider this:<\/p>\n The Motley Fool Canada team has identified what they believe are the top 10 TSX stocks for 2026\u2026 and TMC The Metals Company wasn\u2019t one of them. The 10 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 $21,827.88!*<\/p>\n Now, it\u2019s worth noting Stock Advisor Canada\u2019s total average return is 102%* \u2013 a market-crushing outperformance compared to 81%* for the S&P\/TSX Composite Index. Don\u2019t miss out on our top 10 stocks, available when you join our mailing list!<\/p>\n