Sharesight vs WealthWise — which alternative is right for Canadian investors?
Comparing Sharesight and WealthWise to track your Canadian portfolio? Both are broker-independent portfolio trackers, but they target different audiences. Here is an honest, section-by-section comparison to help you decide.
1. What is Sharesight?
Sharesight is a portfolio tracking tool founded in New Zealand in 2007 and now based in Australia. It supports 40+ exchanges worldwide and is used by tens of thousands of retail investors and financial advisers. Its value proposition: a consolidated dashboard across multiple brokers, with automatic annual tax reports (capital gains, foreign dividends, withholding tax).
Sharesight excels at:
- Multi-country portfolios (AUS, NZ, USA, UK, EU, Asia)
- Automated tax reports in ATO (Australia) and HMRC (UK) format
- Automatic connection to several international brokers
- Deep price history (10+ years backfill)
- A mature ecosystem of professional financial advisers
However, Sharesight is designed first for Australia / New Zealand. In Canada it works (TSX and NEO listings are supported), but the experience is not localized:
- No native recognition of RRSP, TFSA, FHSA, RPDB, RRIF account types
- Tax calculations oriented to ATO / HMRC, not CRA or Revenu Québec
- Billing in AUD (FX volatility → unpredictable monthly cost)
- Interface English-only (no Canadian French)
2. What is WealthWise?
WealthWise is a Canadian portfolio analytics tool launched in 2026, built first for retail investors in Quebec and across Canada. Built by a solo Canadian developer, the tool focuses on three differentiators: Quebec Law 25 compliance (data stays in Canada), native bilingual EN-CA + FR-CA interface, and an integrated Gemini AI analyst.
WealthWise focuses on:
- Tracking RRSP, TFSA, FHSA, non-registered portfolios separately (each account has its own dashboard)
- Computing the Adjusted Cost Base (ACB) weighted with commissions and USD-CAD conversions
- AI analysis of positions, allocation and risk (Gemini 2.5)
- FIRE Tracker: retirement projection with Monte Carlo, safe withdrawal rate, Coast FIRE
- Forward dividend tracking and Sankey cash flow chart (Premium plan)
- Data stored in Canada (Supabase ca-central-1, OVHcloud Montreal/Beauharnois) — compliant with Quebec Law 25 and federal PIPEDA
WealthWise is intentionally an analytics tool, not a broker or a bank. It does not execute trades and does not provide personalized advice — only statistical analysis and projections.
3. Feature-by-feature comparison
| Feature | Sharesight | WealthWise |
|---|---|---|
| Country of origin | Australia / New Zealand | Canada (Quebec) |
| Billing currency | AUD (FX exposure) | CAD (fixed price) |
| Free plan | 10 holdings max | 1 portfolio, 10 assets, 3 AI analyses/day |
| Entry paid plan | ~28 CAD/month (Investor) | 9.99 CAD/month (Essential) |
| Higher plan | ~40-50 CAD/month (Expert) | 19.99 CAD/month (Premium) |
| Free trial | 7 days, card required | 14 days Premium, no card |
| Exchanges supported | 40+ (AUS, NZ, USA, UK, EU, etc.) | 2 primary (TSX/TSXV/NEO, NYSE/NASDAQ) + partial LSE/EU |
| Native RRSP/TFSA/FHSA accounts | Manual (tag-based) | Native |
| Canadian ACB calculation | Limited (AUS/UK-oriented) | Yes (commissions + FX) |
| AI position analysis | No | Yes (Gemini) |
| FIRE / retirement projection | No | Yes (Monte Carlo) |
| Sankey cash flow diagram | No | Yes (Premium) |
| Automatic broker connection | Partial (select international brokers) | No (CSV / manual entry) |
| CSV import | Yes | Yes |
| Data stored in Canada | No (Australia) | Yes (ca-central-1) |
| Law 25 / PIPEDA compliance | Not documented | Yes |
| Canadian French (FR-CA) | No | Yes (default) |
| Canadian tax reports (T5/T3 ready) | Limited | In development |
4. Detailed pricing in Canadian dollars
Sharesight (estimates, check their site)
- Free: 10 holdings max, very limited features
- Starter: ~15 AUD/month ≈ 14 CAD — 20 holdings, basic reporting
- Investor: ~30 AUD/month ≈ 28 CAD — unlimited holdings, tax reports
- Expert: ~50 AUD/month ≈ 47 CAD — multi-portfolio, advisers
Note: Sharesight prices in AUD fluctuate with currency. Over a 5-year horizon, the CAD-AUD spread can exceed 15%.
WealthWise (CAD, fixed price)
- Free: 1 portfolio (10 assets), 15-minute delayed prices, 3 AI analyses/day
- Essential: 9.99 CAD/month — 3 portfolios (50 assets each), real-time prices, 30 AI analyses/day, 10 price alerts
- Premium: 19.99 CAD/month — unlimited, unlimited AI, FIRE Tracker, Sankey, retirement simulator, backtest, 100 alerts
- Premium trial: 14 days, no card required, auto-downgrade to Free at day 15
Annual cost comparison (Investor vs Essential user): Sharesight ≈ 336 CAD/yr vs WealthWise ≈ 120 CAD/yr — saving of 216 CAD/yr (64%).
5. When to choose Sharesight
Sharesight wins if…
- Your portfolio spans 5+ different countries (UK, EU, Asia, Australia)
- You need automated tax reports for ATO or HMRC
- You use an international broker with API sync available at Sharesight
- You are a financial adviser managing multiple clients under one license
- 10+ years of price backfill is critical for your retroactive reports
Sharesight loses if…
- You are primarily invested in TSX + NYSE/NASDAQ
- You want RRSP/TFSA/FHSA accounts shown in separate silos without manual tagging
- Your monthly budget needs to stay under 15 CAD
- You want a Canadian French interface
- Canadian data residency is non-negotiable (Law 25)
6. When to choose WealthWise
WealthWise wins if…
- You are a Canadian retail investor (TSX + NYSE/NASDAQ cover 95% of your holdings)
- You want to see RRSP, TFSA, FHSA and non-registered separately, automatically
- You want to plan FIRE / early retirement with Monte Carlo simulation
- You want AI help understanding your positions and allocation
- You prefer a fully bilingual EN-FR interface built in Quebec
- Law 25 compliance and Canadian data residency matter to you
- You want to test deeply before paying (14-day Premium trial, no card)
WealthWise loses if…
- You need automatic broker connection across the board (Open Banking — on roadmap)
- Your portfolio includes stocks on exotic exchanges (Singapore, Mumbai, etc.)
- You need 10+ years of price backfill without CSV import
- You are an adviser managing client books (WealthWise has no multi-client plan)
7. Law 25 and Quebec privacy compliance
If you reside in Quebec, Law 25 (An Act to modernize legislative provisions as regards the protection of personal information) imposes strict requirements on the collection, storage and out-of-country transfer of personal data. WealthWise stores all user data in Supabase ca-central-1 (OVHcloud, Montreal/Beauharnois region) and does not transfer to the United States without explicit consent.
Sharesight, based in Australia, has not publicly documented Law 25 or PIPEDA compliance for its Canadian users. For a Quebec investor sensitive to data residency, this is worth raising directly with their team.
8. Migrating from Sharesight to WealthWise
If you decide to migrate, here are the steps:
- In Sharesight, export your portfolio as CSV (Settings → Export menu).
- Create a free WealthWise account (Google or email).
- Click "Import CSV" on the dashboard and upload the exported file.
- Map the columns (date, ticker, quantity, price, currency) — the system auto-detects most formats.
- Review your positions and activate the 14-day Premium trial to explore the FIRE Tracker and AI analysis.
For most portfolios with 20 to 50 positions, migration takes under 5 minutes.
9. Honest verdict
Our position
Sharesight remains an excellent mature tool, especially for complex multi-country portfolios or users in Australia/NZ/UK. But for 95% of Canadian investors (RRSP + TFSA + FHSA + non-registered, TSX + NYSE/NASDAQ), WealthWise offers a better-fitted experience at 60-70% lower price, with a native bilingual interface and integrated AI analysis. The 14-day no-card trial lets you verify this yourself.
Fair to Sharesight: its 10+ year ecosystem, its adviser community and multi-country support are not replicated by WealthWise. If you need those strengths, stay on Sharesight.
Try WealthWise — 14-day Premium trial, no card
100% Canadian tool, built for your RRSP, TFSA, FHSA accounts. Bilingual EN-FR. Auto-downgrade to Free on day 15.
Start my free trial →Frequently asked questions
Is Sharesight available in Canada?
Yes, Sharesight works in Canada and supports the main exchanges (TSX, NEO). However, the tool is designed primarily for Australia and New Zealand, so the interface does not natively recognize RRSP, TFSA or FHSA accounts — you have to manually tag each portfolio.
How much does Sharesight cost in Canadian dollars?
Sharesight bills in AUD. The Investor plan is typically around 25-30 AUD/month (check current pricing on their site), or roughly 23-28 CAD. The Expert plan is more expensive. WealthWise Essential is 9.99 CAD/month, so 60-70% cheaper for a Canadian investor.
Can I migrate my portfolio from Sharesight to WealthWise?
Yes. Sharesight lets you export your portfolio as CSV. You can then import it into WealthWise using the CSV import tool. Migration typically takes under 5 minutes for a 20-30 position portfolio.
Does Sharesight have better broker support?
Sharesight supports more international brokers (Interactive Brokers, several AU/NZ/UK brokers). WealthWise focuses on Canadian brokers and ETFs listed in Canada/US. For a 100% Canadian portfolio, both have comparable coverage, but the WealthWise experience is better suited to the Canadian tax context.
Does WealthWise have automatic broker connection?
WealthWise currently uses manual CSV import and ticker-based tracking. Automatic broker connection (Open Banking) is on the 2026-2027 roadmap but not yet available. Sharesight offers some automatic synchronization depending on the broker.
Why is WealthWise cheaper?
WealthWise is built by a solo Canadian developer based in Quebec, with no venture capital and lean infrastructure (Vercel + Supabase ca-central-1). No international offices, no sales team, no AUS GST — these savings translate directly into lower user prices.
Which platform respects Canadian privacy better?
WealthWise stores all user data in Canada (Supabase ca-central-1) and is designed to comply with Quebec's Law 25 and federal PIPEDA. Sharesight stores data abroad (primarily Australia). For a Quebec or Canadian investor sensitive to data residency, WealthWise aligns better.
Is WealthWise a financial adviser?
No. WealthWise is a portfolio analytics tool for informational purposes only. We are not registered as an investment adviser with your provincial securities regulator. No content constitutes personalized financial or tax advice. For any investment decision, consult a registered professional.
Version française : Sharesight vs WealthWise (français)