What Are the Best Canadian Growth Stocks for 2025?

In this article, we will discuss the What Are the Best Canadian Growth stocks for 2025.

When it comes to investing, simplicity can be a superpower. With all the market volatility and constant headlines, there’s something reassuring about owning stocks you can confidently tuck away and not worry about. That’s especially true inside a Tax-Free Savings Account (TFSA) — where every dividend and capital gain grows completely tax-free.

If you’re aiming to build long-term wealth without constantly checking your portfolio, the key is to own high-quality Canadian businesses with durable earnings, strong futures, and dependable income. Here are three stocks worth considering as permanent fixtures in your TFSA.

TD Bank (TSX:TD)

A bedrock of Canadian banking, with U.S. upside. TD Bank (TSX:TD) is one of the Best Canadian Growth stocks for 2025. Toronto-Dominion Bank is a pillar of Canada’s financial system and one of the country’s top five banks. It also boasts a growing footprint south of the border, which offers extra growth potential over the long haul. In its Q2 2025 earnings, TD generated $11.1 billion in revenue, bolstered by a strategic sale of its stake in Charles Schwab.

Even without the one-time gain, TD showed resilience, reporting $3.6 billion in adjusted earnings. Though this was slightly lower year over year due to industry-wide loan loss provisions, its Canadian personal and commercial banking arm still contributed a robust $1.7 billion. The bank’s Common Equity Tier 1 (CET1) ratio stands at a solid 14.9%, providing a financial cushion in uncertain times.

Perhaps most attractive to TFSA investors is TD’s dividend yield of approximately 5.5%, backed by a strong history of consistent hikes. It’s the kind of reliable, income-generating stock you can hold for decades.

Also Read: High growth Canadian stocks for 2025

Bombardier (TSX:BBD.B)

A transformation story with powerful momentum. Bombardier is one of the Best Canadian Growth stocks for 2025. It has undergone one of the most impressive corporate overhauls in recent Canadian history. Once burdened with struggling divisions, the company has refocused entirely on business jets—and it’s paying off.

In Q1 2025, Bombardier posted $1.5 billion in revenue, a 19% increase year over year, while delivering 23 aircraft—up from 20 the year prior. Adjusted net income soared 55% to $68 million. Perhaps more impressive is its $14.2 billion backlog, providing multiyear revenue visibility.

Its services segment, which includes maintenance, parts, and training, delivered nearly $500 million in revenue. These recurring, high-margin revenues offer stability, even in a cyclical industry. Bombardier doesn’t pay a dividend, but for those looking for long-term capital growth tied to the rising demand for private aviation, this stock could be a strong TFSA candidate.

Read Next: Best Long-term Canadian Stocks

MDA Ltd. (TSX:MDA)

A homegrown tech leader aiming for the stars. MDA Ltd. (TSX:MDA) is one of the Best Canadian Growth stocks for 2025. MDA is a Canadian aerospace and technology firm specializing in satellite systems, space robotics, and Earth observation platforms. It may not be a household name yet, but it’s quietly becoming a key player in the booming space industry.

In the first quarter of 2025, MDA delivered outstanding results: $351 million in revenue (up 68% year over year) and net income of $37.2 million, more than double the prior year. Its backlog jumped 46% to $4.8 billion — a strong signal of sustained demand.

While it currently doesn’t pay a dividend, MDA is a growth-focused stock tied to the future of space exploration and satellite technology. As governments and private firms ramp up investment in space infrastructure, MDA is well-positioned to ride the wave — making it a bold but compelling choice for long-term TFSA growth.

Final Thoughts

The TFSA is designed for long-term investing — and rewards those who stay the course. By adding a mix of defensive income (TD), cyclical growth (Bombardier), and futuristic innovation (MDA), you create a balanced, forward-looking portfolio you don’t have to babysit. Just hold on, stay patient, and let the power of compounding do the heavy lifting.