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<\/p>\nOne of the most underrated ages for Canadian investors is age 45. At that point, you\u2019re not at the beginning of your working life, but you\u2019re not close to retirement either. What makes it interesting is that age 45 is a great time to perform a checkpoint on your TFSA and RRSP accounts to see if they are doing enough.<\/p>\n
Understanding where your TFSA and RRSP accounts stand at 45 can shape the next two decades of retirement planning.<\/p>\n
Recent estimates suggest Canadians in this age range may have TFSA and RRSP savings in the tens of thousands. Some may have more or less. Ultimately, the answer varies by circumstance.<\/p>\n
But one key takeaway is often overlooked. There\u2019s still enough time to boost your TFSA and RRSP accounts, provided that you pick the right investments.<\/p>\n
That\u2019s where the portfolio itself matters. Investors who want their TFSA and RRSP accounts to keep growing need a mix of income, diversification, and long-term compounding.<\/p>\n
Tired of guessing which stocks to buy?<\/p>\n
When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor Canada’s total average return is 91% – a market-crushing outperformance compared to 87% for the S&P\/TSX Composite Index.<\/p>\n
They revealed what they believe are 10 stocks for investors to buy right now, available when you join Stock Advisor Canada.<\/p>\n
* Returns as of June 15th, 2026<\/p>\n
Fortunately, here\u2019s a trio of picks that can do just that, even for a 45-year-old\u2019s portfolio.<\/p>\n
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Source: Getty Images<\/p>\n
BMO offers bank dividends and long-term compounding<\/p>\n
Canada\u2019s big bank stocks<\/a> are strong long-term options. And in the case of Bank of Montreal (TSX:BMO<\/a>), that appeal is huge.<\/p>\n BMO is Canada\u2019s oldest bank, with a history that stretches back nearly two centuries. During that time, the bank has continued to grow and reliably pay its quarterly dividend.<\/p>\n Today, the yield on that dividend works out to 2.9%. The bank has also provided annual upticks to that dividend for over a decade. For investors reinvesting dividends, BMO\u2019s yield and dividend history are major advantages.<\/p>\n Turning to growth, the big banks have turned to international markets to fund growth. In BMO\u2019s case, that growth market is the U.S.<\/p>\n BMO currently operates in 32 state markets, resulting in billions of loan deposits across millions of customers.<\/p>\n In short, for investors considering how to bolster their long-term TFSA and RRSP accounts, BMO can provide both the growth and income-earning potential needed.<\/p>\n This combination of dividends and long-term compounding makes BMO a natural fit for TFSA and RRSP accounts.<\/p>\n Emera adds defensive utility income<\/p>\n Like the big banks, utility stocks<\/a> represent another segment of the market known to provide both defensive appeal and income. In this case, Emera (TSX:EMA<\/a>) adds that more defensive layer into the mix.<\/p>\n As a utility company, Emera operates in a sector less exposed to changes in consumer behavioUr. The company\u2019s operations are backed by long-term regulated contracts that often span decades.<\/p>\n Adding to that appeal is the sheer necessity of utility service. No matter how the market is performing, people still need electricity. This gives Emera a unique defensive appeal that few companies can match.<\/p>\n The result is a recurring and stable revenue stream that allows Emera to invest in growth initiatives while paying out an attractive quarterly dividend. As of the time of writing, Emera offers a yield of 4%.<\/p>\n And like BMO, Emera has an established cadence of providing annual increases to its dividend going back nearly two decades. This makes the stock an ideal addition for investors looking to build their TFSA and RRSP accounts.<\/p>\n Add some monthly income and diversification<\/p>\n Rounding out the trio of investments to add to TFSA and RRSP accounts is an income ETF<\/a>.<\/p>\n