Save thousands of dollars by using your TFSA to invest
That is an income that is lost forever. However, within the TFSA, all that income stays with you. Over time, that can add up to thousands of dollars. That’s especially true if you earn hundreds or thousands of dollars in dividends within your TFSA each year.
If you’re looking to build an income-producing TFSA portfolio, here are three stocks that together would earn almost $1,500 a year if you invested $10,000 in each.
Topaz: an increasing return on the energy sector
Topaz energy (TSX:TPZ) is a clumsy way to play energy growth in Western Canada. The energy producer is structured as a royalty and infrastructure company. It is well located acreage and high-quality midstream infrastructure in some of the top energy production regions in Western Canada.
While TPZ shares are sensitive to energy prices, there is no operational risk associated with drilling or production. The country has long-term infrastructure contracts and its royalty collects a share of energy revenues from energy producers on its land.
Topaz has increased its dividend nine times since it went public in 2020. That’s a 70% dividend increase in that time. Several manufacturers plan significant growth in the coming years. That should be a long-lasting tailwind.
Topaz shares currently yield 4.9%. A $10,000 investment in Topaz would return $122.06 per quarter or $488.24 per year.
Granite REIT: A buy-and-hold TFSA stock
Granite Real Estate Investment Trust (TSX:GRT.UN) is an easy-to-sleep-at-night REIT that you can hold for steady TFSA income. This REIT has an attractive mix of logistics, production and storage facilities.
Strong leasing activity and an improving occupancy rate (now 97%) drove better-than-expected results in 2025. Last quarter, Granite’s cash flow per unit grew 9%. Trade uncertainty is starting to ease and management expects strong leasing momentum through 2026.
Granite REIT yields 4.6%. It now has 15 consecutive distribution increases to its name. A $10,000 investment in granite would return $38.45 per month or $461.45 annually.
Pembina Pipeline: A Top TSX Infrastructure Stock
Pembina Pipeline (TSX:PPL) offers another way to play energy. It operates a diversified network of critical infrastructure assets for Canada’s energy industry. More than 85% of Pembina’s assets are contractually tied. These contracted earnings broadly support the dividend.
Pembina has a wide range of capital growth opportunities, including a large LNG terminal, several critical pipelines and a data center energy opportunity. It is well managed and very good at executing growth projects. These opportunities should support mid-single digit growth in the coming years.
Pembina shares yield 5.3% today. PPL stock has delivered annual dividend growth in recent years. Pembina is ready to increase its dividend in early 2026. A $10,000 TFSA investment in Pembina would return $132.06 per quarter, or $528.24 per year.
The silly takeaway
With this $30,000 TFSA portfolio, you can earn as much as $1,477.93 in tax-free dividends annually. The good news is that all of these stocks are dividend growers, so you should only see your income and returns increase if costs persist over time.
| COMPANY | RECENT PRICE | NUMBER OF SHARES | DIVIDEND | TOTAL PAYOUT | FREQUENCY |
| Topaz energy | $27.80 | 359 | $0.34 | $122.06 | Quarterly |
| Granite REIT | $76.39 | 130 | $0.2958 | $38.45 | Monthly |
| Pembina Pipeline | $53.68 | 186 | $0.71 | $132.06 | Quarterly |
Prices as of November 26, 2025.
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