Technology TFSA Investors: 1 Canadian Growth Stock for Your Portfolio

23:30  23 january  2020
23:30  23 january  2020 Source:   fool.com

Worried Your CPP Pension Won’t Pay Enough? Do This

  Worried Your CPP Pension Won’t Pay Enough? Do This If you're worried that CPP and OAS won't pay you enough to live on in retirement, open an RRSP and hold iShares S&P/TSX 60 Index ETF (TSX:XIU). This index ETF holds a highly diversified basket of stocks based on the TSX 60 — the 60 largest stocks in Canada by market cap.XIU is not the most diversified nor the highest-yielding ETF in Canada, but it has a great combination of both attributes. With 60 large-cap stocks, it has enough diversification to make up the entire equity component of your portfolio. With a 2.7% yield, it generates enough income to gradually boost your cash savings even in bear markets.

Intact Financial Corporation (TSX:IFC) is a stock that has historically outperformed the market. It is trading at a cheap valuation, and provides a significant capital appreciation opportunity for long-term investors .

TFSA Users: My Top 3 Canadian Bank Stocks . TFSA Investors : 3 Safe and Cheap Dividend Stocks to Buy in 2020. Intact Financial Corporation (TSX:IFC) stock has pulled back meaningfully by about 11% from its 52-week high. Intact is particularly suitable for conservative investors who are focused

a close up of a logo: Business success with growing, rising charts and businessman in background© Provided by The Motley Fool, Inc Business success with growing, rising charts and businessman in background

With Canada coming down heavily on oil stocks, investors have to find other energy companies to invest their capital in. Renewable energy companies are the future of energy, and there are quite a few options in Canada that one can look at.

Boralex (TSX:BLX) is a major player in renewable energy with businesses in Canada, the United States, and France.  For the three-month period ended September 30, 2019, revenues from energy sales totaled $92 million, up to $13 million, or 16%, compared to results for the corresponding quarter of 2018.

TFSA: How to Transform $10,000 Into $100,000!

  TFSA: How to Transform $10,000 Into $100,000! An investment in Extendicare Inc. (TSX:EXE) and TransAlta Renewables Inc. (TSX:RNW) can provide TFSA investors with a great combination of capital growth and monthly income.The two stocks that I will cover today offer a healthy mix of capital growth and income. During periods of broader market turbulence, stocks that pay out dividends are a fantastic boon. Going by yield alone, a $10,000 investment in the equities below would net investors approximately $600 in annual tax-free income. This is especially true when this income is tax-free, as it is in a TFSA. The two equities I will look at today are in two industries that are poised for continued growth into the next decade and beyond.

TFSA investors with close to 0,000 in their TFSAs are rare. Brendon and his dad have a strategy that works for them. Brendon has a good background in In the beginning, it was fairly easy to grow the TFSA . In fact, all the TFSA money each year was invested in only one stock , Visa Inc. (V:NYSE).

Young Canadian savers are searching for reliable dividend- growth stocks to add to their TFSA portfolios . The strategy makes sense for all The TFSA is an appealing alternative to the RRSP when an investor believes his or her income will rise in the coming years. Using the TFSA at the beginning

For the third quarter of 2019, Boralex recorded consolidated EBITDA of $45 million, up $6 million, or 16%, compared to the corresponding quarter of 2018. Overall, for the three-month period ended September 30, 2019, Boralex recorded a net loss of $36 million versus a net loss of $37 million for 2018. For the first nine months of 2019, Boralex recorded a net loss of $20 million versus a net loss of $47 million for the same period a year earlier.

As of September 30, 2019, discretionary cash flows amounted to $96 million based on the previous 12 months. This is an increase of 64% compared to the $59 million recorded in fiscal 2018.

Focus on expansion

Boralex has projects that will add 82 MW to total installed capacity, raising it from 2,003 MW on June 30, 2019, to 2,085 MW by late 2020. Total investment in these projects will be to the tune of $255 million, of which $180 million will come through loans. They will add an estimated $30 million to annual EBITDA.

How to get your TFSA to $1,000,000

  How to get your TFSA to $1,000,000 For investors who just want to buy and forget, Emera Inc (TSX:EMA) may be the perfect stock to hold for many years.If you have a Tax-Free Savings Account (TFSA), then you’ll likely know that in 2020 your contribution limits have gone up. TFSA limits have increased by another $6,000; for eligible account holders, that means that the cumulative limit, if you’ve never invested in a TFSA and have been eligible ever year it’s been available, you can now contribute $69,500 into the account.

Sergio’s entire ,919 TFSA is invested in equities, almost all Canadian dividend-paying blue-chip stocks to be exact. And most of the names are very familiar to stock “Are there advantages or disadvantages to adding some individual international dividend-paying stocks to my portfolio ?

Canadian investors are using their TFSA to achieve a variety of financial goals. That’s large enough for people to set up a solid investment portfolio that can be used to help cover living expenses The trick is to hold top-quality stocks with strong track records of dividend growth . Let’s take a look at two

Boralex relies on its solid expertise in developing small- and medium-sized projects, which is a key advantage for seizing opportunities in increasingly competitive markets, particularly the solar power market.

The company’s current project portfolio in the solar power segment amounts to a total of 630 MW. The potential market for the solar power segment amounts to about 20,000 MW, and Boralex plans to substantially strengthen its presence in this segment.

The wind power segment remains Boralex’s top growth sector, accounting for 88% of its installed capacity as of September 30, 2019. Based on the analyses performed, this segment represents a total market potential of 10,875 MW for the company, while its portfolio of projects at various stages of development totals 2,375 MW.

The company has aggressive plans for the next four years. The company wants to generate discretionary cash flows to the tune of $140-$150 million in 2023, which translates into a compounded growth rate of 20%.

TFSA Investors: Here’s How You Can Become a Millionaire This Decade

  TFSA Investors: Here’s How You Can Become a Millionaire This Decade Stocks like CAE Inc. (TSX:CAE)(NYSE:CAE) and Kinaxis Inc. (TSX:KXS) can fuel TFSA growth for years to come.The Tax-Free Savings Account was introduced in 2009 and made many fortunes in the previous decade. Many young investors dove head-first into the cannabis sector after the 2015 election, and they were rewarded with incredible gains that lasted right up until recreational legalization. Investors in technology stocks like Shopify will have also walked away with massive tax-free capital growth.

TFSA Investors : 1 Canadian Dividend Stock I Would Avoid. So, with these benefits in mind, you should use your TFSA to add some quality dividend- growth stocks . Invest in companies with long histories of rewarding their investors and that have made their intentions public about future hikes.

Canadians are using the tax -fee savings account ( TFSA ) to help them plan for retirement. How does it work? Investors buy dividend- growth stocks and use A large portion of the portfolio is the result of organic growth . The remainder came as a part of the company’s recent US billion acquisition of

Boralex stock is trading at a forward price-to-earnings multiple of 83.5. However, analysts expect company earnings to increase by 124.4% in 2019 and by 191% in 2020. Boralex is expected to grow sales by 22.1% this year. The stock has a price-to-sales ratio of 4.7 and a price-to-book ratio of 3.22. The company also has a forward dividend yield of 2.5%.

Growth stocks come at a premium, and Boralex is no exception. Analysts have pegged the average target price for the next 12 months at $26.56. The stock is already trading at $26.36. The stock has regularly hit 52-week highs in the past year, going from $18 last January to its current levels today. That’s a gain of almost 45% in one year. If Boralex keeps meeting expectations, expect this trend to continue.

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TFSA Investors: 3 Great Stocks Yielding Up to 8.3%

  TFSA Investors: 3 Great Stocks Yielding Up to 8.3% Great dividend stocks like Slate Retail REIT (TSX:SRT.UN) and National Bank of Canada (TSX:NA) would look great in any investor's TFSA.I’d rather own dividend stocks in my TFSA, for a few important reasons. If you buy and hold a growth stock for a number of years, you can easily defer taxes by continuing to hold. It makes more sense to stuff your TFSA with dividend stocks, since dividends are taxable.

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The Motley Fool recommends BORALEX INC. Fool contributor Aditya Raghunath has no position in any of the stocks mentioned.

RRSP or TFSA: In 2020, Which 1 Is Right for You? .
Choosing TFSAs or RRSPs depends on your financial goals, and investing in American Hotel Income Properties and Scotiabank can help you make the best of them.The Canadian government has introduced many ways for its citizens to earn money during their retirement days. The Tax-Free Savings Account (TFSA) and the registered retirement savings plan (RRSP) are ideal tools for investment and savings to help Canadians save more money.

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