Saving and investing are both great ways to build your financial safety net, but they approach the goal a bit differently. Tucking your money in a savings account gives you guaranteed interest, while investing takes a little risk in the hopes that an asset will grow in value.

Many of the most popular investments in Canada are concentrated in industries like oil and gas that can fluctuate with global demand. This volatility can be a turnoff for some investors who are looking to make steady gains with a lower level of risk.

Best Canadian Investments for Long-Term Growth

In contrast, some of the Best Canadian Investments have a history of solid, consistent growth and offer a steady stream of dividends that can provide you with an income over time. These companies can be a solid addition to your portfolio if you’re seeking stable returns with low volatility.

Whether you’re in an RRSP, TFSA, or taxable (non-registered) account, these top TSX stocks can add significant value to your portfolio over the long term. As a general rule, it’s best to use up your contribution room in an RRSP or TFSA before investing in a non-registered account, since the IRS withholds 15% of US dividends and capital gains are taxed in both Canada and the United States1. However, if you’re a higher-income earner and don’t have any unused contributions left over, there’s nothing stopping you from investing in a taxable account and supercharging your returns with these top Canadian stocks.