For a company to grow long-term, strong execution, steady demand, and long-term expansion plans are often more important than short-term hype. If such Canadian stocks are backed by better profits and a clear strategy, they can flourish within a TFSA and help you generate solid returns on your investments. In this article, I highlight two of the best stocks that TFSA investors can buy now and hold for years to come.
Dollarama shares
Staying with companies that deliver everyday value, such as Dollarama (TSX:DOL) could be a smart place to start when building a TFSA portfolio. Headquartered in Mont-Royal, this company operates a large network of discount stores across Canada. It also has growing prominence in the international market, through Dollarcity in Latin America and its newer Australian operations.
After rising 47% so far in 2025, DOL stock is currently trading at $200.92 per share, giving it a market cap of about $55 billion. This strong performance was supported by stable consumer demand for its products and the company’s focus on strong execution.
In the third quarter of fiscal 2026 (three months ending November 2, 2025), Dollarama’s revenue increased 22.2% year-over-year (year-over-year) to $1.9 billion. Comparable store sales in the home market increased 6% during the quarter due to higher transaction volumes and slightly larger shopping baskets.
More importantly, the company’s profitability has also increased, with quarterly net profit growing 16.6% year over year to $321.7 million. Similarly, economies of scale and a favorable product mix, which offset higher costs for Australia, also boosted quarterly EBITDA (earnings before interest, taxes, depreciation and amortization) last quarter to $612 million.
In addition, Dollarama continues to open new stores, buy back shares and refine its international presence. These factors further brighten its growth prospects and make it one of the best stocks for TFSA investors focused on long-term compounds.
Food supply
To bring balance to your TFSA built around long-term growth, you may also consider buying Nutrients (TSX:NTR) – a stock linked to global demand for food and agriculture. As a global provider of crop inputs and agricultural services, it serves farmers in multiple regions.
After a 33% increase in share price, NTR now trades at $87.24 each with a market cap of almost $42 billion. Nutrien also offers an attractive annualized dividend yield of approximately 3.5%, which will add reliable income to your TFSA.
This TFSA-friendly stock’s recent strength can mainly be attributed to its improving operating performance. In the September 2025 quarter, Nutrien reported adjusted earnings of US$0.97 per share, compared to just US$0.39 per share a year ago. Similarly, higher fertilizer sales volumes and stronger retail segment results drove quarterly adjusted EBITDA up sharply to $1.4 billion.
Interestingly, the company has been paying more attention to simplifying its portfolio lately. The recent one sale of its stake in Profertil for approximately $600 million is expected to improve its cash flexibility and support its future capital allocation priorities, including debt reduction and additional share buybacks.
With demand for crop nutrients expected to improve further in the coming years, Nutrien remains one of the top TFSA stocks for investors looking for income and long-term growth without much risk.
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