When it comes to investing in Canadian growth stocks for the long term, there are a few options that stand out. Two companies that I would consider stashing in a TFSA are Shopify and Lightspeed POS.
Shopify is a leading e-commerce platform that has seen impressive growth in recent years. The company provides tools for businesses to set up online stores and manage their sales. With the rise of online shopping, Shopify has been able to capitalize on this trend and has seen its stock price soar as a result.
Lightspeed POS is another Canadian tech company that has been experiencing strong growth. The company provides point-of-sale software for businesses, helping them to manage their sales and inventory. With the shift towards digital payments and the increasing demand for efficient retail solutions, Lightspeed POS is well positioned for continued growth.
Both Shopify and Lightspeed POS are solid choices for long-term growth investments. By stashing these stocks in a TFSA, investors can benefit from tax-free growth on their investments over the years. These companies have strong fundamentals and are well positioned to continue growing in the future.