When constructing a Tax-Free Financial savings Account (TFSA), putting a stability between revenue and development can really feel like attempting to pat your head and rub your abdomen on the similar time. However it doesn’t should be difficult. With the 2025 TFSA restrict sitting at $14,000, there’s an actual alternative to construct a powerful portfolio utilizing among the most dependable firms on the TSX. Shares like Fortis (TSX:FTS), Canadian Nationwide Railway (TSX:CNR), Brookfield Asset Administration (TSX:BAM), and Canadian Pure Sources (TSX:CNQ) every provide one thing totally different. Collectively, these shares can carry each stability and upside to your tax-free account.
Fortis
Fortis is the textbook definition of a Regular Eddie inventory. As a North American utility big, it delivers electrical energy and fuel to tens of millions of shoppers. It’s not flashy, however that’s the purpose. Fortis thrives on consistency, and it has now elevated its dividend for 51 consecutive years.
In its newest earnings report for the primary quarter of 2025, Fortis posted internet earnings of $499 million or $1.00 per share, up from $459 million or $0.93 per share final yr. Income got here in at $3.34 billion, displaying 7.1% year-over-year development. With a ahead dividend yield of round 3.8%, it gives a pleasant revenue stream, whereas its secure enterprise mannequin helps cut back portfolio danger.
CNR
Canadian Nationwide Railway brings a distinct power to the desk: development from an industrial spine. It owns and operates certainly one of North America’s largest rail networks, and with provide chains shifting globally, that form of infrastructure is more and more worthwhile.
CN reported $4.4 billion in income for the primary quarter of 2025, up 3.6% from the earlier yr. Its adjusted earnings per share (EPS) got here in at $1.82, and it beat analyst expectations. The Canadian inventory additionally improved its working ratio, a measure of effectivity, to 63.4%. It pays a modest dividend yield of round 2.5%, however what you’re shopping for right here is long-term capital appreciation with a secure base.
BAM
Brookfield Asset Administration is a worldwide participant in different property. It focuses on infrastructure, renewables, and actual property, sectors with long-term revenue potential. Within the first quarter of 2025, BAM reported fee-related earnings of US$698 million, up 26% from the prior yr. Its distributable earnings got here in at US$654 million, a 20% improve.
With a quarterly dividend of $0.4375 per share and a ahead yield round 3.2%, BAM is each a dividend payer and a development story. As extra establishments look to park cash in actual property, BAM is well-positioned to profit from that development.
CNQ
Canadian Pure Sources provides publicity to the power sector, which stays a robust money generator. CNQ is without doubt one of the largest producers of oil and pure fuel in Canada, and it has a powerful report of rewarding shareholders.
In its most up-to-date quarterly earnings, CNQ delivered $10.9 billion in income, up 33% from the earlier yr. It posted adjusted internet earnings of $2.4 billion, or $0.81 per share. Money move from operations hit $4.5 billion. The Canadian inventory returned $1.7 billion to shareholders via dividends and buybacks. Its dividend yield is shut to five.1%, and it has elevated its dividend yearly for the previous 25 years.
Backside line
When you’re trying to make investments $14,000 throughout these 4 firms, you may think about allocating about $3,500 to every. Fortis provides dependable revenue, CN brings long-term development with stability, BAM provides diversified publicity to actual property, and CNQ provides high-yield power upside. Collectively, this basket gives a balanced mixture of reliable dividends and the potential for capital positive aspects over time. In complete, traders may earn $510.64 in dividends yearly!
| COMPANY | RECENT PRICE | SHARES | DIVIDEND | TOTAL PAYOUT | FREQUENCY | INVESTMENT TOTAL |
|---|---|---|---|---|---|---|
| FTS | $64.72 | 54 | $2.46 | $132.84 | Quarterly | $3,494.88 |
| CNR | $140.13 | 25 | $3.55 | $88.75 | Quarterly | $3,503.25 |
| BAM | $74 | 47 | $2.40 | $112.80 | Quarterly | $3,478 |
| CNQ | $46.43 | 75 | $2.35 | $176.25 | Quarterly | $3,482.25 |
It’s a portfolio that gained’t preserve you up at evening. You’ll gather dividends via financial cycles, whereas additionally benefiting from the expansion developments tied to infrastructure, power, and industrial logistics. And with the shelter of the TFSA, each greenback you earn stays in your pocket.
