The Tax-Free Financial savings Account (TFSA) contribution restrict will rise to $7,000 within the New Yr. Canadian buyers have a recent alternative to place more cash to work starting in January 2026. In the event you intend to put money into shares, there’s a option to shield your tax-free earnings from market swings regardless of the anticipated continuation of the TSX’s bull run.
Reasonably than chasing momentum, a wise strategy is to put money into TFSA-worthy shares. Enbridge (TSX:ENB) and Fortis (TSX:FTS) stand out as dependable choices that may assist develop your good points steadily and safeguard them past the present market growth.
Defensive revenue and long-term stability
Enbridge is TSX’s fifth-largest firm by market capitalization. This $141.6 billion power large is well-suited for TFSA buyers. Its regulated pipeline and utility property generate secure, predictable income and sturdy money flows. At $64.88 per share, the dividend yield is 5.98%.
Observe that ENB has raised dividends for 31 consecutive years. This streak makes it a resilient decide in case your goal is to guard tax-free earnings. One other outstanding feat is attaining its monetary steering for 19 consecutive years. Along with the cost-of-service and contracted money flows (98%), the EBITDA from property (80%) has built-in inflation safety.
In line with its president and CEO, Greg Ebel, Enbridge is the one firm with a big power infrastructure and important footprint in North America. It might ship fuel, liquids, and renewable energy to clients in Canada and america. He added that Enbridge will capitalize on the area’s rising power demand, together with new markets.
On the finish of the third quarter (Q3) of 2025, Enbridge added roughly $7 billion to its secured venture backlog. The cumulative sanctioned development capital of $35 billion via 2030 is proof of income visibility. Ebel stated additional, “We consider that our system of regular money move development and annual dividend will increase will proceed to drive robust shareholder returns and place Enbridge as a first-choice funding.”
Regular regulated development and dividend power
Fortis, a dividend knight, is the right complement to Enbridge. Due to its 52-year dividend-growth streak and controlled utility property, count on rising revenue and dividend power. The present share worth is $70.64, whereas the dividend supply is 3.55%. Mixed with ENB, the common dividend yield of 4.765% could be very enticing to TFSA customers.
The $35.7 billion electrical and fuel utility firm owns and operates regulated utility companies in varied service territories. Fortis expects its new $28.8 billion five-year capital plan to extend the mid-year charge base from $41.9 billion in 2025 to $57.9 billion by 2030.
Administration assures the 2026-2030 capital plan is low-risk and extremely executable. About 77% of the entire capital expenditure is investments in transmission and distribution property. Its CEO, David Hutchens, confirmed that Fortis’s present portfolio is robust, as 100% of its property are regulated.
For the good thing about buyers, the dividend-growth steering is 4% to six% yearly, additionally via 2030.
Safe tax-free earnings
With Enbridge and Fortis, TFSA buyers can lock in regular dividends and long-term development, no matter funding dimension. Moreover, each shares will allow tax-free earnings to compound safely, whether or not the market spikes or dips.
