If you’re looking for Canadian stocks that can provide regular income and long-term growth, the key is to focus on quality businesses with stable cash flow, competitive advantages, and the ability to grow earnings over time. Here are a few TSX names that combine dividend payments with growth catalysts that may help them outperform through economic cycles.

1. Canadian National Railway (TSX: CNR)
Canadian National is one of North America’s largest freight rail operators. It benefits from essential infrastructure that moves goods across Canada and into the U.S., helping it capture consistent revenue regardless of short-term economic noise. CN generates strong free cash flow, which supports a growing dividend and ongoing share buybacks. Its pricing power and exposure to commodity and intermodal freight markets also give it a growth edge, allowing it to widen margins over time. For investors wanting both reliable payout and capital appreciation, CN’s mix of yield and earnings expansion makes it an attractive core holding.

2. Fortis Inc. (TSX: FTS)
Fortis operates regulated electric and gas utilities in Canada, the U.S. and the Caribbean. Because utility rates are approved by regulators and linked to infrastructure investments, the company enjoys predictable cash flows — a key ingredient for dependable dividends. But Fortis isn’t just a “yield stock.” Its ongoing capital expansion programs and modernization efforts can drive modest long-term growth, meaning investors benefit from both growing distributions and underlying earnings increases.

Also Read: Best long term Canadian stocks

3. Bank of Montreal (TSX: BMO)
Among Canada’s major banks, Bank of Montreal stands out for its diversified revenue mix across personal banking, commercial lending and wealth management. Banks historically thrive when interest rates are stable or rising, which can boost net interest income. BMO has a strong track record of raising its dividend, and its global footprint adds growth opportunities beyond domestic retail. For income-plus-growth portfolios, a bank stock like BMO gives exposure to both yield and core financial sector expansion.

Also Read: Dividend paying stocks Canada

Why These Stocks Work Together
The beauty of combining income and growth names is that you don’t have to sacrifice one for the other. Canadian National brings durable expansion and infrastructure leverage, Fortis delivers steady regulated cash flow, and Bank of Montreal mixes financial services with dividend growth. Together, they provide a balanced approach: income today with the potential for growth tomorrow — key elements in a long-term investing strategy.