Money 4 Stocks to Add to Your TFSA After the Market Slide

17:36  13 february  2018
17:36  13 february  2018 Source:   The Motley Fool

Here’s what taxes can do to your savings if you’re not careful

  Here’s what taxes can do to your savings if you’re not careful Mind the tax bite.

Today, we will look at four stocks that can make great additions to your Tax - Free Savings Account ( TFSA ) during this period. The stocks below offer the potential for bounce-back capital appreciation after a dip, and all can generate income for your…

While many investors are licking their wounds after the recent market turmoil, for new investors, this may be the day they were waiting for. This slide has taken its dividend yield to ~2%. This may look not very attractive to some investors, but 3 Beaten-Up Income Stocks to Add to Your TFSA Today.

  4 Stocks to Add to Your TFSA After the Market Slide © Provided by Fool

The S&P/TSX Index bounced back on February 12, gaining 200 points. The TSX has still fallen 5.9% in 2018 thus far, which leaves investors with some questions in mid-February. Naturally, the biggest question is whether or not this is a buy-low opportunity or a pause in what could be a broader correction as markets respond to rising interest rates.

Today, we will look at four stocks that can make great additions to your Tax-Free Savings Account (TFSA) during this period. The stocks below offer the potential for bounce-back capital appreciation after a dip, and all can generate income for your portfolio.

When saving into an RRSP instead of a TFSA could cost you dearly

  When saving into an RRSP instead of a TFSA could cost you dearly RRSPs aren't for everyone.It's the time of year when Canadians are bombarded with ads about filling up their Registered Retirement Savings Plans, or RRSPs. Maximizing your contribution before the March 1 deadline is simply the wise and financially responsible thing to do, the message goes.

2 Stocks Yielding 3-6% to Add to Your RRSP. USA NYSEFTS are top dividend stocks for your retirement income That's why As you keep beefing up your TFSA year after year with your savings , dividend stocks grow your portfolio and.

With the highest market share among all cannabis producers and an inventory prepared for the July 2018 roll-out, Canopy stock is in a great position for another The best phone deals in Canada after the Big Gig plan. Yahoo Finance Canada. Retirement Savers: 2 Buy-and-Hold Stocks for Your TFSA .

Snc-Lavalin Group Inc. (TSX:SNC)

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Canadian Pacific Railway Ltd

CP

3 Reasons Why You Should Bolster Your TFSA Retirement Fund’s Immune System With Shares of This Recent IPO

  3 Reasons Why You Should Bolster Your TFSA Retirement Fund’s Immune System With Shares of This Recent IPO Jamieson Wellness Inc. (TSX:JWEL) is a play on ageing baby boomers. Here's why the stock should be a holding in your TFSA retirement fund.I’m usually not a fan of IPO investing, as it’s very difficult to get a firm grasp of a new publicly traded firm’s long-term trajectory given the limited amount of historical data that’s available for you to analyze. There’s a tonne of hype that follows Canadian IPOs, since good ones are few and far between, but a lot of the time, many IPOs turn out to be duds after the “honeymoon phase” ends in the weeks following new issue day.

2 Stocks Yielding 3-6% to Add to Your RRSP. Market is keeping a lid on the 17 Apr 2016 The good news for TFSA -builders that there's an opportunity right now to start your million-dollar TFSA by buying stocks at reduced prices.

In early December, the Canada Revenue Agency (CRA) confirmed that the tax - free savings account ( TFSA ) contribution for 2018 will increase by ,500. With the highest market share among all cannabis producers and an inventory prepared for the July 2018 roll-out, Canopy stock is in a great

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Snc-Lavalin is a Montreal-based global engineering and construction company. Shares of Snc-Lavalin have declined 6.2% in 2018 as of close on February 12. The company is expected to release its 2017 fourth-quarter and full-year results on February 22.

In the third quarter of 2017, Snc-Lavalin posted adjusted net income of $88.6 million, or $0.51 per diluted share, compared to $24.4 million, or $0.16 per diluted share, in Q3 2016. The company was dealt some good news in February, as it emerged the winner with its $6.3 billion bid for a Montreal rail project that will connect the city to its suburbs and international airport. The stock also offers a dividend of $0.27 per share, representing a 2% dividend yield.

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The bottom line. Stock market corrections have historically proven to be good opportunities to add top-quality stocks to buy-and-hold portfolios. Stash These 4 Dividend Stocks in Your TFSA for the Long Term.

The bottom line. Stock market corrections have historically proven to be good opportunities to add top-quality stocks to buy-and-hold portfolios. Stash These 4 Dividend Stocks in Your TFSA for the Long Term.

Dollarama Inc.(TSX:DOL)

Dollarama stock rose 2.68% on February 12 but has dropped 2.3% in 2018. The Montreal-based company is the largest dollar store retailer in Canada. Dollarama is expected to release its fourth-quarter and full-year results in late March.

In the third quarter, the company posted comparable-store sales growth of 4.6%, and operating income jumped 18.4% to $189.3 million. Dollarama expects other retailers to absorb the brunt of the hit from the minimum wage hike in Ontario, and the company announced no intention to raise its store prices in response. The stock also offers a modest dividend of $0.11 per share, representing a 0.3% dividend yield.

Canadian Pacific Railway(TSX:CP)(NYSE:CP)

CP Rail stock has declined 3% in 2018. The freight company has faced some downward pressure due to a strengthening Canadian dollar, but it has surged since late last year on positive earnings. CP Rail released its fourth-quarter and full-year results on January 18.

Revenues rose 5% to $1.71 billion, and adjusted diluted earnings per share increased 6% to $3.22. For the full year, CP Rail saw revenues hit $6.5 billion — a 5% jump from 2016 — and the company delivered a dividend of $0.56 per share with a 1% dividend yield.

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The market may have been good to cannabis stocks , but other industries haven?t felt the same love. The two stocks below remain undervalued and have good yields. A Top Canadian Dividend Stock to Start Your TFSA Pension Fund.

While many investors are licking their wounds after the recent market turmoil, for new investors, this may be the day they were waiting for. If you are planning to beef up your Tax - Free Savings Account ( TFSA ) with some bargains, then the timing is not bad. There are many dividend stocks on both sides

Jamieson Wellness Inc.(TSX:JWEL)

Jamieson has dropped 7.3% in 2018. The supplements company is well positioned to grow long term with a business model geared towards an aging population. The company is expected to release its fourth-quarter and full-year results on February 22.

In the 2017 third quarter, Jamieson saw revenues jump 45% to $80.1 million and adjusted EBITDA climb 42.9% to $16.1 million. The stock also offers a dividend of $0.08 per share, representing a 1.5% dividend yield.

Don't Buy A SINGLE Stock Until You Read This

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Fool contributor Ambrose O'Callaghan has no position in any of the stocks mentioned.

Retirees: Flock to These Stocks in a Wobbly Market .
A shaky stock market should lead retirees to stocks such as Bank of Nova Scotia (TSX:BNS)(NYSE:BNS) and Andrew Peller Ltd. (TSX:ADW.A).The fundamentals of the U.S., Canadian, and global economy remain very strong. However, a bull run that has dated back to 2009 has shown signs of strain. For those nearing retirement, it may be time to adjust your portfolios and stack up on dividend-yielding stocks that offer stability in the long term.

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