The Registered Retirement Financial savings Plan (RRSP) is a vital instrument in a Canadian investor’s toolbox. The RRSP will get a foul rap as a result of it isn’t fully tax-free just like the Tax-Free Financial savings Account (TFSA).
Nevertheless, it does provide a tax rebate (hopefully) when your revenue is excessive and tax deferral till your revenue is low in retirement. Over the time-frame of an RRSP, it principally affords a virtually tax-free alternative. The method simply includes a little bit of give and take.
Since withdrawals get taxed, I like to position very long-term inventory holdings in my RRSP. Granite Actual Property Funding Belief (TSX:GRT.UN) and Intact Monetary (TSX:IFC) are shares with decades-long histories of dividend progress. They’re an ideal match for an RRSP, and right here is why.
Granite REIT: An ideal long-term dividend-growth inventory for an RRSP
With a market cap of $5.2 billion, Granite REIT is Canada’s largest industrial actual property funding belief. It has over 135 warehouse, manufacturing, and logistics properties in Canada, the U.S., and Europe. These are infrastructure-like belongings that type an vital financial spine within the areas they’re constructed.
Granite’s portfolio has a diversified mixture of high-quality tenants. Whereas Magna continues to be an anchor tenant (round 25% of its income), it has drastically diversified its tenant publicity previously few years.
Granite has delivered sturdy leasing momentum by 2025. Immediately, it sits with 98% occupancy. In truth, that resulted in 8.8% funds from operation (FFO) per unit progress for the primary three quarters of 2025. That was higher than most analysts anticipated.
This TSX inventory has a sector main stability sheet. It has average leverage and ample liquidity. That has afforded it sector main distribution progress. It has elevated its distribution for 15 consecutive years. It simply raised its distribution by 4.4%, which was a tempo enhance from previous years.
Granite inventory yields 4% proper now. For a TSX inventory with over a decade of dividend progress, Granite is a rock-solid long-term guess to your RRSP.
Intact: A multi-decade TSX dividend-growth inventory
Intact Monetary has been one other TSX dividend-growth inventory that may be good for an RRSP. It has a market cap of $47.4 billion. This inventory has a delivered an excellent mixture of returns for shareholders. Its inventory is up 84% previously 5 years and 222% previously 10 years. In the event you add in dividends earned, these returns rise to 105% and 298%, respectively.
Intact has grown to develop into Canada’s largest property and casualty insurer. Property and casualty insurance coverage is remitted by regulation or a necessity in most Canadian jurisdictions. As one in all Canada’s largest total insurers, it has the dimensions and native experience to supply greatest pricing, protection, and worth for purchasers.
In 2025, it delivered a sub 90% working ratio and a beautiful 17% return on fairness. Ebook worth per share rose 14% to over $103 per share.
This TSX inventory yields solely 2% proper now. But it has elevated its dividend yearly since its preliminary public providing in 2004. That dividend has grown by a ten% compounded annual progress price for the previous 15 years.
In order for you an excellent inflation-hedge to your RRSP portfolio, that is the proper sort of inventory to carry.
