Retire Richer: 2 Canadian Stocks for a TFSA Built to Last

Canadians planning for retirement might get a bit too focused on their Registered Retirement Savings Plan (RRSP). Certainly, you’ll want to use this for your savings. But the Tax-Free Savings Account (TFSA) is just as important. A TFSA works best when investors think in decades, not weeks. Plus, the account’s real magic comes from sheltering long-term gains, dividends, and compounding from taxes.

That’s why today we’re going to look at two Canadian stocks built to last not just until retirement, but far onto the other side.

TFII

TFI International (TSX:TFII) is one of North America’s major transportation and logistics companies. The Canadian stock operates across Canada, the United States, and Mexico through less-than-truckload, truckload, logistics, and package and courier businesses.

TFII stock’s last year was shaped by a soft freight market, acquisitions, and cost discipline. Management kept using the weaker cycle to buy assets and strengthen its portfolio — all while still supporting dividends and capital returns.

The first quarter of 2026 came in soft but stable. Q1 2026 revenue of US$1.95 billion, compared with US$1.96 billion a year earlier, with adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) at US$241.4 million. This was down from US$259.0 million last year. Yet even in a tough freight market, TFI generated US$123.7 million in free cash flow in one quarter.

Looking ahead for investors, there are a few items to note. The quarterly dividend rose 4%, now with a 1.4% yield. However, it trades at about 37.5 times earnings at writing, so not exactly a steal. Even so, management expects a major rebound in the second quarter, so if you’re looking for a rebound while collecting dividends, TFII stock could be an excellent choice for your long-term TFSA.

KXS

Speaking of the supply chain, Kinaxis (TSX:KXS) is another part to pay attention to. The Ottawa-based software company helps companies plan supply chains, manage demand, respond to disruptions, and make faster decisions. So, if TFI moves goods physically, Kinaxis stock helps companies figure out how to move them smarter.

The company had a record first quarter for 2026, with software as a service (SaaS) revenue rising 21%, and annual recurring revenue (ARR) climbed 20% to US$447 million. This record new business helped drive the stronger ARR growth. Total revenue rose 25% to US$165.6 million, adjusted EBITDA jumped 62% to US$53.6 million, and adjusted EBITDA margin rose to 32% from 25%. Furthermore, profit rose 85% to US$29.4 million, or US$1.04 per diluted share.

Now, we’re not talking about some undervalued stock going to the moon here. Kinaxis stock recently traded at about 34.4 times earnings, and there is no dividend to speak of. However, investors are paying for stability and growth over the long haul. With recurring revenue, high margins, and cash flow growth, it’s a solid long-term hold for any investor. 

Bottom line

The TFSA works best when you hold for the long haul. When it comes to TFII stock and Kinaxis stock, these are two parts of the same story: shipments. Neither is some undervalued stock or high-yielder, but both could certainly suit a TFSA built for long-term compounding. So, if the goal is to retire richer, investors may want businesses that can grow through cycles, not just stocks that pay the biggest dividend today.

The post Retire Richer: 2 Canadian Stocks for a TFSA Built to Last appeared first on The Motley Fool Canada.

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More reading

• 3 TSX Stocks That Could Benefit From Big Money Moving Into Canada
• Some of the Most Compelling Tech Stocks to Consider Buying in 2026
• The Smartest TSX Stocks to Buy Before the Next Big Market Move
• This Could Be a Big Week for the TSX: 3 Stocks to Watch
• 3 Canadian Stocks to Buy This Spring

Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool recommends Kinaxis and TFI International. The Motley Fool has a disclosure policy.