The TFSA protects all your income from taxes on the account and also when you withdraw. Consequently, it is one of the most flexible and profitable registered accounts.
If you have $10,000 to invest in your TFSA today, three top Canadian stocks I would add are: Descartes Systems Group (TSX:DSG), Colliers International Group (TSX:CIGI) and Topicus.com (TSXV:TOI).
A Canadian stock that operates an essential network
Descartes Systems operates the largest logistics and freight network in the world. It complements the network with a wide range of recurring software services that save customers time, effort and money.
Just like other large network companies (think Visa), Descartes has high recurring revenues, organic and acquisition growth, a cash-rich balance sheet (over $280 million in cash), and high profit margins (over 21%).
This Canadian stock is down 19% this year. While Descartes is undoubtedly a pricey stock, it is trading at its lowest valuation in about three years. The stock rose 15% on the back of very strong third quarter earnings results, as the company captured strong market share and achieved double-digit growth.
Even in an uncertain market, Descartes finds ways to win. If you don’t mind the pricey valuation, it could be a nice stock to add to your TFSA now.
A Canadian consolidator for real estate services
Colliers International Group is another Canadian stock that’s been a bit under the radar but has quietly delivered solid returns. Over the past ten years, this stock has risen 240%, which equates to a compound annual growth rate of 14.4%.
Colliers is best known for its renowned real estate services brand. However, it has built large platforms in investment management and engineering/consulting services. In fact, more than 70% of revenue comes from recurring services. The business model is drastically less volatile than in recent years.
Yet Colliers’ valuation hardly reflects this improving shift in its business mix. Colliers has three key platforms where it can grow organically and consolidate their respective fields.
With a highly invested management team, a strong brand, rising margins and a diversified business, Colliers is the perfect kind of premium Canadian stock to hold in a TFSA for the long term.
A Canadian software file that consolidates Europe
Topicus.com is another great candidate for any TFSA. If you want diversification outside of North America, Topicus is a quality stock to buy for European exposure.
Topicus was spun out Constellation software as its European-focused software consolidation arm. Like its parent company, Topicus acquires niche software companies, focuses the company on maximizing cash generation, and then reinvests that money in more companies.
With countless countries, governments, languages and regulations, there are thousands of software companies that it can potentially acquire. It has particular expertise in very stable companies focused on government, banking and education. Topicus has just acquired a large minority stake in a major acquirer in Poland.
Despite solid results in 2025, Topicus shares are down 30% in the past six months. Like Descartes, it’s not the cheapest Canadian stock. However, if you can add it on dips like the current one, it will be a solid long-term investment for your TFSA.
The silly takeaway
Sometimes you have to pay for quality Canadian stocks like the three above. However, if you can be patient and hold onto them for years (and even decades), they will likely multiply your capital many times over in the years to come.
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