Wealthica vs WealthWise — which Canadian tool to choose in 2026?
Wealthica and WealthWise are two Canadian tools built to help individuals track their finances. But they solve very different problems. This article helps you understand which one to pick — or whether the best answer is both together.
1. What is Wealthica?
Wealthica is a financial aggregation platform founded in 2014 in Montreal. Its core value: a consolidated view of all your finances by automatically connecting your banks, credit cards, brokers, savings accounts, mortgages and RESPs. It is the closest Canadian equivalent to Mint (which shut down in 2024).
Wealthica excels at:
- Automatic aggregation of 50+ Canadian institutions (RBC, TD, BMO, National Bank, Desjardins, Tangerine, Wealthsimple, Questrade, Disnat, IBKR, etc.)
- Global net-worth view (assets - liabilities = net worth)
- Automatic transaction categorization
- Monthly budget + expense tracking
- Home + investments + crypto + debts dashboard on one screen
- Mature mobile app popular in Quebec and across Canada
However, Wealthica is built for the overview, not for deep portfolio analysis. For users focused on optimizing a specific investment portfolio (allocation, rebalancing, RRSP/TFSA tax tracking, FIRE projection), the native features are more limited — and many depend on third-party marketplace add-ons.
2. What is WealthWise?
WealthWise is a Canadian portfolio analytics tool launched in 2026, built for retail investors who want to dive deep into their investments. It is built by a solo Canadian developer in Quebec on three pillars: Quebec Law 25 compliance (data in Canada), bilingual EN-CA + FR-CA interface, and an integrated AI (Gemini 2.5) for position analysis.
WealthWise focuses on:
- Tracking RRSP, TFSA, FHSA, non-registered separately (each account = its own dashboard, its own KPIs)
- Computing the Adjusted Cost Base (ACB) weighted with commissions and USD-CAD conversions
- FIRE Tracker: Monte Carlo retirement projection, Coast FIRE, Lean / Fat FIRE
- AI position, allocation and risk analysis (Gemini)
- Forward dividend tracking and Sankey cash flow diagram (Premium)
- Data stored in Canada (Supabase ca-central-1, OVHcloud Montreal/Beauharnois) — Law 25 and PIPEDA compliant
WealthWise is intentionally an analytics tool, not an aggregator or broker. It does not execute trades and does not give personalized advice.
3. Feature-by-feature comparison
| Feature | Wealthica | WealthWise |
|---|---|---|
| Type | Multi-account aggregator | Portfolio analyzer |
| Target country | Canada | Canada (Quebec-first) |
| Launched | 2014 | 2026 |
| Free plan | Yes (limited) | Yes (1 portfolio, 10 assets) |
| Paid plan | Wealthica Plus (check pricing) | 9.99-19.99 CAD/month |
| Free trial | Varies by plan | 14 days Premium, no card |
| Auto-connect Canadian banks | Yes (50+ institutions) | No (CSV / entry) |
| Auto-connect brokers | Yes (Wealthsimple, Questrade, Disnat, IBKR) | No (CSV / tickers) |
| Transaction categorization | Yes (automatic) | No |
| Monthly budget + expenses | Yes | No |
| Debt + mortgage tracking | Yes | No |
| Global net worth | Yes | Roadmap |
| Weighted ACB calculation | Basic | Yes (commissions + FX) |
| RRSP/TFSA/FHSA in separate silos | Display only | Per-account dashboard |
| AI position analysis | No | Yes (Gemini) |
| FIRE / retirement projection | No | Yes (Monte Carlo) |
| Sankey cash flow diagram | No | Yes (Premium) |
| Advanced retirement simulator | Limited | Yes (Premium) |
| Stock / ETF price alerts | Limited | Yes (10-100 alerts) |
| Portfolio backtest vs S&P/TSX | No | Yes (Premium) |
| French interface (FR-CA) | Yes | Yes (default) |
| Data stored in Canada | Yes | Yes (ca-central-1) |
| Law 25 / PIPEDA compliance | Yes | Yes |
4. Pricing model
Wealthica
Wealthica offers a free plan with basic features. The Wealthica Plus paid plan unlocks advanced features like ad-free experience, some premium connections and export tools — exact pricing changes, check their site. Wealthica also generates revenue through its third-party add-on marketplace and selected partnerships.
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
5. Typical use cases — who picks what?
Wealthica is ideal if…
- You have 3+ banks + 2+ brokers and want to see everything in one place
- You are looking for a Canadian Mint replacement
- You want to track your global net worth (assets - debts)
- You want a monthly budget + expense categorization
- You manage crypto + bank accounts + investments together
- The mobile app is critical for you
WealthWise is ideal if…
- Your priority is deep analysis of an investment portfolio
- You want RRSP, TFSA, FHSA, non-registered tracked separately with their own KPIs
- You plan for FIRE / early retirement and want Monte Carlo
- You want AI analysis on your positions
- You want a Sankey cash flow diagram
- You want backtest and benchmark comparison (S&P 500, TSX)
- Weighted ACB cost (commissions + FX) matters to you
6. The winning combo: use both
Here is a concrete workflow for a serious Canadian investor:
- Wealthica as global financial cockpit: it auto-aggregates your banks, debts, mortgage, crypto, RESP and gives the net-worth view + monthly cash flows.
- WealthWise to zoom into your investment portfolio: CSV import of your RRSP + TFSA + FHSA positions, AI analysis, FIRE projection, ACB tax tracking.
Typical combined cost: Wealthica Plus + WealthWise Essential ≈ 20-25 CAD/month — often cheaper than a single multi-country tool like Sharesight (~28-47 CAD/month), with more complete Canadian coverage.
7. Law 25 and data residency
Both tools are aligned with Quebec's Law 25 and federal PIPEDA. Wealthica is based in Montreal and has operated in Canada since 2014. WealthWise is developed from Quebec with storage in Supabase ca-central-1 (OVHcloud, Beauharnois region). For data residency, both are solid choices — far more so than US or Australian aggregators/trackers.
8. Limitations to know
Wealthica limitations
- Deep portfolio analysis (allocation, rebalancing, projections) relies largely on third-party add-ons
- No built-in FIRE simulation
- No AI position analysis
- Aggregation can occasionally fail (bank auth issues — true of every aggregator)
WealthWise limitations
- No automatic bank/broker connection (roadmap 2026-2027)
- No transaction categorization or monthly budget
- No native mobile app yet (responsive web only)
- Launched in 2026 — fewer user reviews than a 10+ year tool
9. Honest verdict
Our position
Wealthica and WealthWise are not really opponents — they solve different problems. Wealthica wins on aggregation, budgeting, global net worth and 10 years of maturity. WealthWise wins on deep investment-portfolio analysis (separated RRSP/TFSA/FHSA, AI, FIRE Tracker, backtest, ACB).
For a serious Canadian investor, the combination Wealthica + WealthWise is often the most complete answer. If you must pick one: Wealthica if your priority is the overall net-worth view, WealthWise if your priority is optimizing your investment portfolio.
Try WealthWise — 14-day Premium trial, no card
Deep analysis of your RRSP, TFSA, FHSA accounts. FIRE Tracker, AI, Sankey. Bilingual EN-FR, data in Canada.
Start my free trial →Frequently asked questions
What is the difference between Wealthica and WealthWise?
Wealthica is a financial aggregator: it connects your bank accounts, credit cards and brokers to give you an overall net-worth view. WealthWise is a pure portfolio analytics tool: it focuses on portfolio analysis (RRSP, TFSA, FHSA), FIRE projections and AI analysis of positions. The two tools are complementary rather than direct competitors.
Is Wealthica free?
Wealthica offers a limited free plan with basic features and a paid Premium plan (Wealthica Plus) for advanced features and ad-free experience. Exact prices change — check their official site. WealthWise offers a free plan (1 portfolio, 10 assets), an Essential plan at 9.99 CAD/month, and a Premium plan at 19.99 CAD/month.
Can I use Wealthica and WealthWise together?
Yes, and it is even a logical combination. Many users use Wealthica for a global view (banks + debts + brokers) and WealthWise to deep-dive into their investment portfolio with AI, FIRE Tracker and RRSP/TFSA tax tracking.
Does Wealthica connect automatically to my bank?
Yes. Wealthica supports 50+ Canadian financial institutions (RBC, TD, BMO, National Bank, Desjardins, Tangerine, plus brokers like Wealthsimple Trade, Questrade, Disnat). You enter credentials or use OAuth depending on the institution.
Will WealthWise add bank connection?
Automatic connection to Canadian brokers (Open Banking) is on the WealthWise 2026-2027 roadmap but not yet available. Currently import is via CSV or manual ticker entry.
Which one is better for Quebec Law 25 compliance?
Wealthica is based in Quebec and stores data in Canada — good Law 25 posture. WealthWise also stores in Canada (Supabase ca-central-1, OVHcloud Beauharnois). Both are aligned with Law 25 — Wealthica has more compliance history, having operated since 2014.
Does WealthWise offer FIRE projection?
Yes. WealthWise includes a FIRE Tracker (Premium plan) with Monte Carlo projection, safe withdrawal rate calculation, and Coast FIRE / Lean FIRE / Fat FIRE models. Wealthica has no built-in FIRE simulation.
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 : Wealthica vs WealthWise (français)