2 Canadian Stocks to Buy for Lifetime Income

Canadian stocks can be ideal buys for lifetime income. There are companies that let your money work for you in the most natural, low-stress way possible. The longer you hold some Canadian stocks, the more they compound, smoothing out market ups and downs and giving you income you don’t have to clock in for. But where can investors find these diamonds in a sea of coal?

MDA

MDA (TSX:MDA) is one of Canada’s most important, but often overlooked, aerospace and satellite technology companies. It supplies robotics, satellite systems, and space infrastructure to government agencies and global commercial partners. It’s the Canadian stock behind Canadarm technology and plays a critical role in satellite communications, Earth observation, and the rapidly expanding space economy. While it doesn’t get the same attention as big tech names, MDA’s business sits at the intersection of national security, global connectivity, and mission-critical space operations. This gives it a long runway of stable demand.

Recent earnings highlighted exactly that stability, with strong backlog growth and multi-year contracts reinforcing how insulated MDA is from economic cycles. Revenue climbed on the back of government and defence spending, which remains steady regardless of market volatility. Plus margins continued to improve as higher-value robotics and satellite systems made up an increasing share of sales. The Canadian stock also emphasized growing order activity tied to global satellite constellation upgrades and lunar mission work. These are projects that aren’t affected by consumer spending or recessions, offering long-term revenue visibility.

That combination of essential contracts, government-backed demand, and long-term infrastructure projects makes MDA an ideal Canadian stock pick. Its consistent cash flow growth, expanding backlog, and rising profitability create the foundation for future growth. For investors, owning a company whose revenue doesn’t drop when the economy cools means the potential for strong long-term compounding.

SPB

Superior Plus (TSX:SPB) is a leading distributor of propane and specialty chemicals across Canada and the U.S., serving more than 900,000 residential, commercial, and industrial customers. Its business sits squarely in the “everyday essentials” category. People and businesses rely on propane for heating, cooking, manufacturing, and critical services year-round. That steady demand gives SPB a stable revenue base, predictable cash flow, and the ability to keep investing in acquisitions without taking on excessive risk.

Recent earnings reflected this resilience, with stable propane distribution volumes and improved margins driven by operational efficiencies and ongoing integration of newly acquired U.S. distributors. Management reaffirmed guidance thanks to reliable customer demand, even in a mixed economic environment. The Canadian stock’s focus on expanding its U.S. footprint has also begun to pay off. Scale improvements helped cushion fluctuations in energy prices and reduce regional risks. SPB’s dividend remained supported by strong cash flow, and its payout ratio stayed within a sustainable range.

That’s exactly what makes Superior Plus an ideal Canadian stock. People still need warm homes, hospitals still need energy, and businesses still need fuel to operate. SPB’s diversified customer base, essential service role, and decades-long track record of paying dividends give investors a rare mix of stability and income.

Bottom line

Investors looking for long-term buys don’t need to look far. By focusing on a long-term growth outlet like MDA and combining it with the essential income of SPB, anyone can create massive income for life. Even now, here’s what $7,000 can bring in from SPB alone.

COMPANYRECENT PRICENUMBER OF SHARESDIVIDENDANNUAL TOTAL PAYOUTFREQUENCYTOTAL INVESTMENTSPB$7.07989$0.18$178.02Quarterly$6,996.23

By using that income to then reinvest again and again, investors can create a snowball effect – one that can turn even small contributions into massive earnings.

The post 2 Canadian Stocks to Buy for Lifetime Income appeared first on The Motley Fool Canada.

Should you invest $1,000 in Mda right now?

Before you buy stock in Mda, consider this:

The Motley Fool Stock Advisor Canada analyst team identified what they believe are the 15 best stocks for investors to buy now… and Mda wasn’t one of them. The 15 stocks that made the cut could potentially produce monster returns in the coming years.

Consider MercadoLibre, which we first recommended on January 8, 2014 … if you invested $1,000 in the “eBay of Latin America” at the time of our recommendation, you’d have $21,105.89!*

Now, it’s worth noting Stock Advisor Canada’s total average return is 95%* – a market-crushing outperformance compared to 72%* for the S&P/TSX Composite Index. Don’t miss out on our top 15 list, available when you join Stock Advisor Canada.

See the 15 Stocks #start_btn6 { background: #0e6d04 none repeat scroll 0 0; color: #fff; font-size: 1.2em; font-family: 'Montserrat', sans-serif; font-weight: 600; height: auto; line-height: 1.2em; margin: 30px 0; max-width: 350px; text-align: center; width: auto; box-shadow: 0 1px 0 rgba(0, 0, 0, 0.5), 0 1px 0 #fff inset, 0 0 2px rgba(0, 0, 0, 0.2); border-radius: 5px; } #start_btn6 a { color: #fff; display: block; padding: 20px; padding-right:1em; padding-left:1em; } #start_btn6 a:hover { background: #FFE300 none repeat scroll 0 0; color: #000; } @media (max-width: 480px) { div#start_btn6 { font-size:1.1em; max-width: 320px;} } margin_bottom_5 { margin-bottom:5px; } margin_top_10 { margin-top:10px; }

* Returns as of November 17th, 2025

More reading

• The Smartest TSX Stocks to Buy With $500 Right Now
• 3 TSX Stocks Under $30 That Are Screaming Buys Today
• Here Are My Top 4 Undervalued Stocks to Buy Right Now
• 1 Magnificent Canadian Stock Down 52% to Buy and Hold Forever
• 2 Cheap Canadian Stocks Under $50 to Buy This November

Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool recommends Superior Plus. The Motley Fool has a disclosure policy.