Source: Getty Images <\/p>\n
Written by Amy Legate-Wolfe<\/a> at The Motley Fool Canada<\/p>\n You hit 40 and the money questions start talking back. Kids cost more, time moves faster, and retirement stops feeling like a far-off rumour. Averages do not set your fate, but they do give you a gut-check and a benchmark. The CRA\u2019s Tax-Free Savings Account (TFSA) statistics for the 2023 contribution year put the average TFSA fair market value for Canadians aged 40 to 44 at about $20,670, with average unused TFSA room near $62,618.<\/p>\n Meanwhile, the average Registered Retirement Savings Plan<\/a> (RRSP) balance for Canadians aged 35 to 44 is at about $49,014. That gap matters, as the median reflects \u201cmost people,\u201d while the average gets pulled up by super-savers. So, how can you get up to those super-saver levels?<\/p>\n Dollarama (TSX:DOL<\/a>) fits that investment profile better than most people expect. It sells low-priced essentials and small \u201ctreat yourself\u201d items, and that mix tends to hold up when budgets feel tight. When shoppers trade down, traffic often increases. It also benefits from scale, as it can spread costs across a big store base and keep prices sharp.<\/p>\n It also keeps a simple growth lever running in the background: it opens stores. More stores mean more convenience, more transactions, and more data on what customers buy. It leans into consumables, which pulls customers back frequently. That repeat behaviour makes revenue<\/a> steadier than at retailers that depend on big-ticket splurges.<\/p>\n The market has rewarded that steadiness. Dollarama shows a roughly 43% gain over the past year. That run tells you investors still pay up for consistent execution, especially when the economy feels choppy and consumers chase value. It also raises expectations, which matters for anyone buying today.<\/p>\n Those expectations met strong numbers in the latest quarter. In fiscal 2026\u2019s third quarter, Dollarama reported sales of $1.9 billion, up 22.2% year over year, and net earnings of $321.7 million. Diluted earnings per share (EPS) came in at $1.17 versus $0.98 the year before. Comparable store sales in Canada rose 6%, driven by more transactions and a bigger average basket. That combination signals demand, not just store growth.<\/p>\n It also leaned hard into capital returns. Dollarama repurchased about 2.6 million shares for roughly $484.6 million during the quarter. It also reported that management lifted its annual comparable sales forecast, which suggests momentum can continue. Beyond Canada, it owns a stake in Dollarcity and it now runs an Australian retailer The Reject Shop, which could add runway if execution stays sharp, but it can also add costs and distractions.<\/p>\n Therefore, valuation still matters, especially inside a TFSA where you want long-term winners but you also want to avoid paying any price. Right now, it holds a $54.7 billion market cap, while trading at 42.6 times earnings. That multiple assumes continued delivery. If inflation cools and shoppers drift back to pricier retailers, growth could cool. If competition turns into a price fight, margins could tighten. And if international initiatives disappoint, the stock could re-rate lower fast.<\/p>\n For a 40-year-old trying to build a bigger TFSA and RRSP balance, Dollarama offers a clean, understandable path. It can perform across cycles, it can add stores, and it can support per-share growth with buybacks. It also carries real risks, led by valuation and the need to execute abroad while defending margins at home. Dollarama gives you a proven compounding business, as long as you keep your time horizon long and your contributions steady.<\/p>\n The post Here\u2019s the Average TFSA and RRSP for a 40-Year-Old in Canada<\/a> appeared first on The Motley Fool Canada<\/a>.<\/p>\n Before you buy stock in Dollarama Inc., consider this:<\/p>\n The Motley Fool Canada team has identified what they believe are the top 10 TSX stocks for 2026\u2026 and Dollarama Inc. 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 Get the 10 stocks instantly<\/a><\/p>\n * Returns as of January 15th, 2026<\/p>\n More reading<\/p>\n Fool contributor Amy Legate-Wolfe<\/a> has no position in any of the stocks mentioned. The Motley Fool recommends Dollarama. The Motley Fool has a disclosure policy<\/a>.<\/p>\n 2026<\/p>\n","protected":false},"excerpt":{"rendered":"Source: Getty Images Written by Amy Legate-Wolfe at The Motley Fool Canada You hit 40 and the money…\n","protected":false},"author":2,"featured_media":425055,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[45,49,48,18181,133,18182,131,132,19417],"class_list":["post-425054","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-ca","tag-canada","tag-dollarama","tag-finance","tag-fool-canada","tag-personal-finance","tag-personalfinance","tag-tax-free-savings-account"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/425054","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=425054"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/425054\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/425055"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=425054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=425054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=425054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}