Catching up in a Registered Retirement Financial savings Plan (RRSP) can really feel inconceivable. You take a look at the room you didn’t use, the years you didn’t make investments, and the market that someway saved transferring with out you. However an RRSP doesn’t want a miracle inventory. It wants time, self-discipline, and companies that may preserve compounding when you get again on observe.
That’s why I’d take a look at WSP World (TSX:WSP) and Lumine Group (TSXV:LMN). One provides traders publicity to infrastructure, vitality, transportation, and environmental consulting. The opposite provides a Constellation Software program-style path by way of area of interest software program companies. They’re very totally different corporations, however collectively, they offer a catch-up RRSP each sturdiness and progress.
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WSP
Governments and corporations preserve spending on the stuff that makes the economic system work. Roads, bridges, energy techniques, water networks, mines, clean-energy initiatives, and information centre infrastructure all want engineering and consulting assist. WSP sits proper in that circulate.
The corporate has grown from a Canadian engineering title into a worldwide skilled companies agency. It earns cash by advising, designing, managing, and supporting massive initiatives. Its newest quarter confirmed why the inventory nonetheless belongs on a long-term watch checklist. Within the first quarter of 2026, WSP’s adjusted earnings earlier than curiosity, taxes, depreciation, and amortization (EBITDA) rose 16.5% to $622.2 million, whereas backlog hit a file $19.7 billion. That backlog provides traders a clearer view of future work, even when the economic system slows.
The TRC Corporations acquisition additionally provides a well timed catalyst. The deal strengthens WSP’s U.S. energy and vitality enterprise proper when electrical energy demand retains climbing from information centres, grid upgrades, electrification, and industrial progress. That offers WSP one other lane for long-term enlargement.
The chance comes from valuation and execution as WSP doesn’t commerce like a hidden discount. Huge acquisitions may carry integration complications. If infrastructure spending slows or margins disappoint, the inventory might wobble. Nonetheless, for RRSP traders making an attempt to catch up, WSP provides the sort of regular progress profile that may do heavy lifting through the years.
LMN
Lumine Group brings the punchier aspect of the portfolio. It trades on the TSXV, however don’t let that idiot you into considering it’s tiny. Lumine owns and acquires software program corporations centered on communications and media. Its mannequin seems to be acquainted as a result of it got here from the Constellation Software program household.
For RRSP traders, that mannequin can assist as a result of nice software program companies can throw off recurring income, excessive margins, and money circulate. Lumine buys corporations it may maintain for the long run, then works to enhance operations and profitability. It doesn’t want each enterprise to change into a rocket ship, however a repeatable system that may preserve working over a few years.
The most recent quarter got here with a combined, however nonetheless helpful, message. Income rose 17% to US$208.3 million within the first quarter of 2026, helped by acquisitions. But working revenue slipped 3%, and free money circulate obtainable to shareholders fell from final yr. So, this isn’t an ideal quarter to brag about at a cocktail party.
Nonetheless, that’s precisely why Lumine seems to be fascinating now. The market tends to punish slower natural progress and lumpy money circulate. However an acquirer like Lumine can look uneven from quarter to quarter whereas nonetheless constructing long-term worth. The important thing catalyst stays capital deployment. If administration retains shopping for effectively, integrating effectively, and bettering margins, the compounding machine can preserve working.
Backside line
WSP and Lumine make sense for any Canadian making an attempt to catch up in an RRSP. WSP provides confirmed infrastructure progress inside a tax-sheltered account. Lumine provides software program compounding. Neither one ensures a easy trip, and but each give traders one thing higher than a fast guess: companies with lengthy runways and actual causes to continue to grow over time, too.
