The Tax-Free Savings Account (TFSA) is one of the few investment vehicles in Canada that lets you keep all your profits – no taxes on dividends, interest or capital growth. Whether you’re looking to retire early or simply build long-term wealth, buying high-quality stocks early at lower prices can give your TFSA portfolio a serious edge.
In this article, I discuss three of the best growth-oriented Canadian stocks you can buy now to build a powerful TFSA portfolio for peace of mind and excellent long-term returns.
GoGold Resources Shares
Among the top stocks for TFSA are GoGold Resources (TSX:GGD) stands out for its consistent progress and strong project base. This Halifax-based company focuses primarily on developing and operating gold and silver projects across America, with the Parral Tailings and Los Ricos properties providing the backbone of its production growth.
GoGold stock, currently trading at $2.68 per share with a market cap of nearly $1.2 billion, is up 141% so far in 2025, partly due to renewed optimism about silver and gold prices, which has allowed it to recover from previous market volatility.
The company continues to advance its developments in Los Ricos South and Los Ricos North, supported by strong drilling results and a growing resource base. The recent technical updates point to increased project scale and an improvement in economics, giving investors confidence in the next phase of growth.
For TFSA investors, GoGold stock fits well with the idea of holding assets backed by fair value and strong long-term growth potential.
Collective Mining Stock
Now let’s talk about it Collective mining (TSX:CNL), a Toronto-headquartered exploration company setting a new benchmark for early-stage exploration success. The company is advancing its Guayabales and San Antonio projects in Caldas, Colombia, and recent drilling success has fueled growing investor interest.
Trading at about $15.63 per share with a market cap of nearly $1.4 billion, the collective stock has skyrocketed 162% so far in 2025. In mid-October, the company reported visual mineralization at both projects, followed by test results from its Apollo system – including a 486-metre drill intercept at a gold equivalent of 2.01 grams per tonne.
Backed by a team that previously built and sold Continental Gold for $2 billion, this company has strong technical and financial credibility. With $145 million in cash, it plans up to 100,000 meters of new drilling by 2026, with a focus on expanding its high-quality Ramp Zone and further testing new targets.
For TFSA investors looking for early exposure to the mining sector with scalable benefits, Collective Mining looks like a great stock that can deliver strong, long-term tax-free returns.
Lightspeed Commerce stock
Rounding out this list of top stocks for TFSA is Lightspeed trading (TSX:LSPD), a Canadian tech stock showing real progress in its turnaround. Headquartered in Montreal, the company provides a unified payment, point-of-sale and e-commerce platform, serving businesses in more than 100 countries. After rising 23% over the past eight months, LSPD stock is currently trading at $15.73 per share with a market cap of $2.2 billion.
In the second quarter of fiscal 2026 (three months ending in September), Lightspeed’s revenue rose 15% year over year to $319 million. Gross profit margins also improved during the quarter to 42% due to cost control and stronger pricing.
Encouraged by these results, Lightspeed raised its full-year outlook and now expects revenue growth of at least 12% and adjusted earnings before interest, taxes, depreciation, and amortization of $70 million for fiscal 2026. As it continues to scale globally, LSPD appears well-positioned as one of the top stocks for TFSA portfolios looking for growth outside of traditional sectors.
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