Nowadays, $ 7,000 is not a normal figure and it is considerably popular with Canadians. The amount corresponds to the annual tax -free savings account (TFSA) contribution for 2024, 2025 and 2026. If used to start investing in income -generating assets, such as shares, the money can grow ten times.
In view of the fact that TFSA income of capital profits and dividends are tax-free, the best approach is to hold shares that offer income and growth. An option is to split $ 7,000 between Suncor Energy (TSX: SU) and Blackline -Safety (TSX: BLN) to achieve the optimum balance and results.
Passive income
Suncor Energy is a long -term investment, although oil price volatility can influence profitability. Nevertheless, the Oil Bellwether has passed challenging market conditions for more than 100 years. The shares with large CAP shares act at $ 57.56 per share (+17.25% to date) and pay a dividend of 3.84%. Your $ 3,500 can buy 60 shares and produce $ 33.60 tax -free income every quarter.
The current Suncor has a market capitalization of $ 72 billion. It develops commercial oil manden and produces oil. The refineries in Canada and the American process oil sandwiches roughly in refined products. Suncor has inland and international assets and investments, with a focus on exploration and production. The fully owned by Petro-Canada provides fuel and other services.
Rich Kruger, President and CEO of Suncor, said that the company delivered higher performance in the first half of 2025, including considerably higher volumes and considerably lower costs. The 831,000 barrels per day production is a new record, also the highest first half in the history of Suncor.
Suncor Energy recovered successfully from a huge loss in 2020, largely as a result of the oil price war and the global pandemic. The integrated energy company has reported consistent profitability in the following years. In the second quarter (Q2) of 2025, Free Funds reached Flow $ 1 billion, which made $ 750 million in share purchasing and $ 700 million in dividend payments to shareholders.
Capital growth
Blackline safety deserves attention to its strong growth in the past three years (+337.43% total return). Momentum is on the side of this recognized leader in connected safety technology. The current share price of $ 7.48 is a stem, compared to its visible growth potential.
This $ 613.6 million company offers safety solutions that detect dangers and analyze data in real time. The immediate response in critical situations, such as gas leaks, traps or health -related events, ensures the protection of employees. The aim of Blackline is to convert the industrial workplace into a connected workplace.
Blackline is proud of its disturbing and scalable software-as-a-service business model with hardware-compatible software-as-a-service. Moreover, there is a strong demand for his cloud-connected wearables with personal safety and area gas monitors.
In Q3 Fiscal 2025 (three months ending on July 31, 2025), sales increased year on year by 12% to $ 37.6 million. It was the 34th consecutive quarter of positive revenue growth. The annual recurring turnover increased by 29% to a record of $ 80.2 million from a year ago.
According to Blackline CEO and chairman Cody Slater, the company is well positioned to grow its market share. The enormous worldwide chance of the industrial market for connected gas detection market is US $ 4.1 billion.
Make well -trained choices
TFSA Investing is not a hit-of-Miss proposition. You need trained share choices to get the most out of your $ 7,000 or available contribution space.
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