Retirement planning apps compared: Canada
There is no single best app: it depends on what you need. Each app here plans for this country; the facts about it come from its own public pages, Family Office's from its own code. We make Family Office, so read our rows knowing that.
What Family Office covers in this country
| Canadian tax | Federal and provincial income tax (13 regimes, one per province and territory), capital gains at the inclusion rate, dividends with the gross-up and credit, the OAS recovery tax and RRIF minimum withdrawals, year by year in the plan, and the tax at death on RRSP, RRIF, LIRA and LIF balances |
|---|---|
| Pensions | RRSP, RRIF, LIRA, LIF, TFSA, FHSA, RESP, CPP, QPP and OAS; other pension income as an annuity |
| Bank links | Through Plaid (Canada): 2 on Premium, 10 on Gold and Platinum |
| Other countries | 122 tax regimes in 34 countries; a move from one to another in the plan on Premium and up |
| Where data is kept | Amazon Web Services in London (eu-west-2); bank links (Plaid), payments (Stripe) and maps (Google) through US providers; e-mail through Google Workspace; see the privacy policy for the full list |
Side by side
| App | Bank links | Free plan | Price | Monte Carlo |
|---|---|---|---|---|
| Family Office (ours) | Through Plaid (Canada): 2 on Premium, 10 on Gold and Platinum | Yes, with no card and no time limit: up to 8 items, one taxpayer and a projection of 5 periods. The paid plans start with 14 days free, card needed. The calculators are free, with no account. | CA$20 to CA$79 a month (US$15 to US$59, £12 to £49); a year costs the price of 10 months | The chance of success on every plan, the Free plan included; the paths and the fan chart on Gold and Platinum |
| Family Office vs ProjectionLab | None: no link to your accounts | Yes: forecasting, Monte Carlo and historical backtesting | Premium $129 a year; Pro $549 a year for advisers | Yes, on every plan, with historical backtesting |
| Family Office vs Monarch | Yes, through Plaid, Finicity, MX and Spinwheel | None listed; the first week is free | $14.99 a month or $99.99 a year; Monarch Plus $199 a year | Not stated |
| Family Office vs Optiml | Through Wealthica, on Pro+ and Legacy | Optiml Lite, a free calculator: its data is processed locally and never stored on Optiml's servers; 14 days free on the paid plans | Essentials CAD 9.99 a month or 99 a year; Pro+ CAD 24.99 or 249; Legacy CAD 49.99 or 499 | A Success Score from up to 50 Monte Carlo scenarios and six market histories, on Pro+ and Legacy |
| Family Office vs Adviice | Not stated | Not stated | $9 a month or $49 a year | A stress test that gives the plan's success rate; its help page prefers historical periods to Monte Carlo |
| Family Office vs a spreadsheet | You type or paste the figures | Yes: LibreOffice Calc is free | Free with LibreOffice | Possible if you build it |
ProjectionLab
ProjectionLab is a planning tool with forecasting, Monte Carlo and historical backtesting on its free plan, presets for several countries including the UK, and a Pro plan for advisers.
Monarch
Monarch is a budgeting and net worth app for households in the US and Canada, made to share with a partner or a professional; Monarch Plus adds forecasting and business tracking.
Optiml
Optiml is a Canadian retirement planner that optimises withdrawals and tax across the provinces and territories, in English and French, with a Legacy plan for holding companies and trusts.
Adviice
Adviice offers affordable, easy-to-understand retirement planning for everyday Canadians, with optional help from an advice-only planner.
A spreadsheet
A spreadsheet suits someone who wants to see and change every formula, and is happy to build and update them.
Other comparisons
Facts about other apps checked on 2026-11-10. Prices and features change: each app's own page is the reference.