The TFSA (tax -free savings account) is the best friend of a Canadian investor when it comes to building a portfolio that generates sustainable income from dividends. No income is taxed within the TFSA. That can save an investor no less than 10-20% (depending on their tax bracket every year).
If you are looking for a money machine in your TFSA, here is a Mini Five-Stock portfolio that can generate no less than $ 1,315 in annual tax-free income.
A top infrastructure stock for a TFSA
The first stock that put in $ 5,000 is Pembina -pipeline (TSX: PPL). You could buy 92 shares at a price of $ 54.13. With a yield of 5.3%you would earn $ 65.32 or $ 261.28 annually per quarter.
Pembina is in a very attractive intersection. Canada is finally interested in maximizing its enormous resources. Great infrastructure announcements can lead to new opportunities for Pembina.
Currently it is one of the few companies that are already building an export terminal of Liquified Natural Gas (LNG) on the west coast. For a well -managed company with great assets and an attractive dividend, today is a great purchase.
A renewable stock
Talk about energy -infrastructure, Northland Power (TSX: NPI) is a global player in green energy. It serves 3.2 Gigawatts from Offshore and onshore wind, solar and battery power. It also has a use in Colombia.
The company is approaching the completion of a considerable offshore project in Taiwan. Once the project is completed, Northland must be set to deliver significant cash flows.
If you put $ 5,000 in this TFSA share, you can buy 219 shares for $ 22.75 per share. With a yield of 5.25% that would earn $ 21.90 per month, or $ 262.80 per year.
A game about energy growth in Canada
Topaz Energy (TSX: TPZ) is another way to get exposure to the energy theme in your TFSA. Topaz is an important supplier of infrastructure for Western Canadian energy producers. It also has substantial land assets where it deserves a royalty stream of the energy produced on its country.
Big energy players like it Tourmaline oil recently announced plans to scales production. That is beneficial for Topaz, which collects a higher royalty of that higher production.
A TFSA bet of $ 5,000 on Topaz would buy 192 shares for $ 25.93 per share. With a dividend yield of 5.4% you would earn $ 65.28 quarter or $ 261.12 annually.
A top restaurant chain
Another TFSA supply is A & W Food Services Canada (TSX: AW). It operates the iconic A&W Burger Chain in Canada. It is a popular chain that delivers a consistent product that have become Canadians to love. It is not growing fast, but you can at least expect GDP or better growth per year. The dividend per share is likely to grow with a low single figures.
An investment of $ 5,000 TFSA in A&W would buy 131 shares for the price of $ 38.11 of today. With a return of 5%, investors per quarter would earn $ 62.88 or $ 251.52 annually.
Be a landlord in your TFSA
Dream Industrial Real Estate Investment Trust (TSX: Dir.UN) is another great TFSA income game. With $ 5,000 you can buy 398 units for $ 12.55 per unit. These shares yield 5.6%. You would earn $ 23.21 every month, or $ 278.60 per year.
Dream has a large portfolio of multi-renting industrial properties in Canada and Europe. These are well -located properties with a strong +95% occupation and attractive growth prospects of the rental percentages.
Dream’s assets act with a large discount on its private market value. It is now an attractive game for income and value.
| COMPANY | Recent price | Number of shares | DIVIDEND | Total payout | FREQUENCY |
| Pembina -pipeline | $ 54.13 | 92 | $ 0.71 | $ 65.32 | Quarterly |
| Northland Power | $ 22.75 | 219 | $ 0.10 | $ 21.90 | Monthly |
| Topaz Energy | $ 25.93 | 192 | $ 0.34 | $ 65.28 | Quarterly |
| A&W Food Services | $ 38.11 | 131 | $ 0.48 | $ 62.88 | Quarterly |
| Dream Industrial Reit | $ 12.55 | 398 | $ 0.0583 | $ 23.21 | Monthly |
Prices from September 16, 2025
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