- The 2026 contribution limit provides an opportunity to grow your portfolio while keeping returns away from the Canada Revenue Agency (CRA).
- The goal is to transform the contribution into something bigger through smart stock selection and asset allocation.
- Doubling your TFSA contribution for 2026 may seem difficult given current market uncertainty and changing interest rates.
- TFSA holders should focus on high-quality growth stocks or undervalued dividend stocks positioned to earn market returns.
- The key is to move beyond low-yield cash and embrace stock investments that offer capital growth and compounding payouts.
If you find companies with solid fundamentals, competitive advantages and strong market trends, your contribution can grow faster than broader market indices.
Every dollar has to work harder for your financial future. Strategically investing in the right companies makes this possible, while all profits remain completely tax-free.
How to double your $7,000 TFSA contribution
The TFSA contribution limit in 2026 is approximately $7,000, and here’s how investors can effectively double that amount. In short, you need to build a portfolio that generates enough tax-free income to meet the annual limit.
Canadians who have been eligible since the TFSA’s inception in 2009 have collected $109,000 in contribution room through 2026. A portfolio that size would need to yield about 6.5% to produce $7,000 annually.
However, those entering 2026 should consider gaining exposure to dividend growth stocks such as easy (TSX:GSY). If you invested $7,000 in GSY stock ten years ago, you could buy 410 shares of the company. In 2016, these stocks would help you earn $205 in total dividends. This payout would have grown to almost $2,400 today.
| COMPANY | RECENT PRICE | NUMBER OF SHARES | DIVIDEND | TOTAL PAYOUT | FREQUENCY |
| Easy | $129.16 | 410 | $1.46 | $598.6 | $2,394.40 |
A $7,000 investment in goeasy stock ten years ago would be worth almost $66,600 today, after adjusting for dividend reinvestments, which is exceptional.
Is GSY stock still a good buy?
Despite these outsized gains, Goeasy shares are down 40% from their all-time high, giving you a chance to buy the dip.
goeasy reported third-quarter profits that were pressured by rising loan impairments, although the Canadian consumer lender maintained strong credit growth.
- The company posted adjusted earnings per share of $4.12, down 5% from last year, as it increased reserves to account for weaker economic conditions impacting borrowers.
- The Mississauga-based company grew its loan portfolio by $336 million in the quarter, bringing it to $5.4 billion.
- Revenue reached a record $440 million, up 15% year over year. However, the company increased its provision for credit losses to 8.1% from 7.9% in response to higher early-stage delinquencies.
- This increase in provision represented a decrease of approximately $0.50 in earnings per share.
Analysts who follow GSY stock predict that revenue will increase from $1.52 billion in 2024 to $2.15 billion in 2027. During this period, goeasy is expected to expand earnings from $16.71 per share to $24.77 per share.
If GSY stock is worth 9.7 times forward earnings, which is in line with the 10-year average, it should be trading around $240 in early 2026. Adjusting for dividends, the cumulative return could be around $250, indicating nearly 100% upside potential from current levels.
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