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With markets close to report highs, Canadian buyers are questioning which TSX shares are nonetheless engaging and good to purchase for a self-directed Tax-Free Financial savings Account (TFSA) or Registered Retirement Financial savings Plan (RRSP) portfolio centered on dividends and long-term complete returns.

Canadian Pure Sources

Canadian Pure Sources (TSX:CNQ) trades close to $61 per share on the time of writing in comparison with a current excessive near $71. The inventory remains to be up greater than 30% in 2026, pushed increased by the surge in oil costs.

Traders ought to brace for volatility within the coming months. If oil costs drop significantly, the inventory will face extra headwinds.

That being stated, the long-term story for CNQ needs to be compelling. Canadian Pure Sources is a serious vitality producer with oil sands, heavy and lightweight typical oil, offshore oil, and pure fuel belongings. Canada’s concentrate on lowering its reliance on the USA for vitality gross sales might result in new export capability being constructed within the coming years. New liquified pure fuel (LNG) export services are already underneath building and extra might be on the best way. Further oil and pure fuel pipelines are underneath dialogue.

This is able to profit CNRL as a result of its massive useful resource holdings throughout the vitality spectrum. CNRL raised the dividend in every of the previous 26 years. Traders who purchase CNQ on the present degree can get a dividend yield of 4%.

Fortis

Fortis (TSX:FTS) elevated its dividend in every of the previous 52 years. The corporate will get most of its income from rate-regulated companies, together with pure fuel distribution utilities, energy era websites, and electrical energy transmission networks.

Fortis is engaged on a $28.8 billion capital program that may considerably elevate the speed base over 5 years. The corporate expects the ensuing increase to money movement to assist annual dividend will increase of 4% to six%.

Financial institution of Nova Scotia

Financial institution of Nova Scotia (TSX:BNS) is up greater than 50% previously yr, however the inventory nonetheless gives a 4.25% dividend yield on the present worth close to $103.

The financial institution is in the midst of a turnaround plan that entails shifting progress capital from Latin America to the USA and Canada. Financial institution of Nova Scotia can be streamlining home operations to scale back bills and make the enterprise extra environment friendly.

Return on fairness is enhancing, which can assist assist a better price-to-earnings a number of for the inventory.

Enbridge

Enbridge (TSX:ENB) raised its dividend in every of the previous 31 years. The inventory pulled again a bit previously few weeks, giving buyers who missed the earlier surge an opportunity to choose up the shares on a dip and safe a pleasant 5.4% dividend yield.

Enbridge continues to develop by way of acquisitions and capital tasks. The present $39 billion growth program ought to assist ongoing dividend will increase over the medium time period.

Canadian Nationwide Railway

Canadian Nationwide Railway (TSX:CNR) is up greater than 10% this yr and simply hit a brand new 12-month excessive. The inventory might have extra room to run as soon as there’s readability on the tariff state of affairs between Canada and the USA.

CN operates roughly 20,000 route miles of tracks that join ports on the Atlantic and Pacific coasts in Canada to the Gulf Coast in the USA. The corporate stated tariffs had a unfavorable impression of about $350 million in 2025.

Traders should be affected person. Negotiations can be troublesome on the Canada-U.S.-Mexico Settlement (CUSMA), which must be prolonged or cancelled. Adverse information might put new stress on rail shares, however a deal will finally get completed and CN ought to see respectable long-term progress in demand for its companies.

The underside line

CNRL, Fortis, Financial institution of Nova Scotia, Enbridge, and CN pay good dividends that ought to proceed to develop. You probably have some money to place to work, these shares should be in your radar.