MoneyLens is an AI-powered personal finance app for Canadians that covers day-to-day money — bank sync via Plaid, budgets, goals, Canadian tax planning (RRSP/TFSA/FHSA), and an AI agent — in one place. Wealthica is a Canadian investment-account aggregator focused on consolidating portfolio holdings across brokerages. Pick MoneyLens if you want full-picture personal finance with AI; pick Wealthica if you only need investment-portfolio aggregation.
Best for
Full-picture personal finance: MoneyLens — Covers transactions, budgets, goals, taxes, and investments in one dashboard.
Investment-only portfolio aggregation: Wealthica — Purpose-built to aggregate Canadian brokerage accounts.
AI insights & natural-language agent: MoneyLens — Proactive AI Agent that answers questions and takes actions.
Canadian tax planning (RRSP/TFSA/FHSA): MoneyLens — Contribution-limit tracking and T4/T5 extraction built in.
Bank & card sync (Canadian institutions) — MoneyLens: Automated real-time sync via Plaid across major Canadian banks, credit cards, and credit unions. Wealthica: Aggregates primarily investment accounts across Canadian brokerages; day-to-day chequing/credit-card coverage is limited.
Native CAD/USD multi-currency handling — MoneyLens: Transactions convert to CAD in real time with full FX-history preserved on every record. Wealthica: Multi-currency portfolio support geared to investment holdings.
Investment portfolio tracking — MoneyLens: Portfolio page with holdings, allocation, sector, and account-level performance. Wealthica: Deep portfolio aggregation with add-ons (dividends, fees, performance) — this is Wealthica's core.
Budgets (envelope, rollover, alerts) — MoneyLens: Category and merchant budgets with rollover, real-time tracking, and proactive alerts. Wealthica: Not a budgeting product.
Savings & debt-payoff goals — MoneyLens: Goal tracking with AI-projected completion dates and on-track/behind status. Wealthica: Not offered.
AI Agent (natural-language, tool-calling) — MoneyLens: Proactive AI Agent creates budgets, recategorizes, forecasts, and answers in plain English. Wealthica: No conversational AI agent.
Conversational data entry (income, expenses, assets, liabilities, holdings) — MoneyLens: Tell the agent "I spent $45 on groceries" or "add my car worth $28k" — it writes to your books, confirms, and blocks duplicates. Wealthica: Manual entry only; no chat-driven data entry.
AI net worth projections — MoneyLens: Lifetime projections model net worth by age, savings rate, returns, and inflation. Wealthica: Net worth tracking via linked accounts; no forward-looking projections engine.
Canadian tax planning (RRSP / TFSA / FHSA) — MoneyLens: Tracks CRA contribution limits, extracts T4/T5 data, estimates marginal bracket by province. Wealthica: Focused on portfolio data; tax planning is not a core feature.
Receipt / document OCR — MoneyLens: AI receipt scanner and document extraction (T4, T5, statements) with confidence scoring. Wealthica: Not offered.
Personal + Business context on one account — MoneyLens: Isolated Personal and Business contexts with DSCR, runway, and fiscal-year support. Wealthica: Investor-focused; no business-finance context.
Encryption model — MoneyLens: AES-256-GCM at rest with per-user key derivation; TLS 1.2+ in transit; email MFA available and enforced for high-risk actions (bank connect, exports, deletions). Wealthica: Bank-grade encryption; MFA available.
Mobile apps (iOS / Android) — MoneyLens: Mobile-optimized web today; native iOS/Android via Capacitor. Wealthica: Web-first with mobile app.
Free tier — MoneyLens: Three plans from CAD $7/mo; the full AI agent is included on all of them. Wealthica: Free core aggregation; paid add-ons for advanced portfolio features.
Data export — MoneyLens: CSV and PDF export from Settings, protected by MFA. Wealthica: CSV export of portfolio data.
Audit trail & version history — MoneyLens: Versioned audit trail on every transaction edit with one-click revert. Wealthica: Not offered.
When to pick Wealthica
You only need to aggregate investment accounts across Canadian brokerages and don't care about budgeting or day-to-day money.
You rely on Wealthica's marketplace of investment-specific add-ons (dividend tracking, portfolio performance reports).
You do not want an AI agent involved in your finances.
Switching from Wealthica
Export any manual holdings or notes from Wealthica as CSV.
Create a free MoneyLens account and complete onboarding.
Connect your Canadian bank, credit card, and investment accounts via Plaid.
Import CSV holdings into the Portfolio page and set RRSP/TFSA/FHSA contribution baselines.
Ask the AI Agent to build your first budget and net-worth projection.
Frequently asked questions
Is MoneyLens a Wealthica alternative for Canadians? Yes for full-picture personal finance. MoneyLens replaces Wealthica when you want budgets, goals, tax planning, and an AI agent on top of investment tracking. Wealthica remains a stronger pick if you only need deep portfolio aggregation across brokerages.
Does MoneyLens track investments like Wealthica? MoneyLens tracks holdings, asset allocation, sector breakdowns, and per-account performance through its Portfolio page. Wealthica goes deeper on Canadian brokerage aggregation and portfolio-specific add-ons.
Which is better for RRSP, TFSA, and FHSA planning? MoneyLens. It tracks CRA contribution limits for RRSP, TFSA, and FHSA, extracts data from uploaded T4/T5 slips, and estimates your marginal tax bracket by province.
Can MoneyLens sync my Canadian bank accounts? Yes. MoneyLens uses Plaid to sync major Canadian banks, credit cards, and credit unions in real time. Transactions are auto-categorized and normalized to CAD.
Does MoneyLens have an AI agent? Yes. MoneyLens ships a proactive AI Agent that answers questions in plain English, creates budgets, sets goals, recategorizes transactions, and forecasts cash flow. Wealthica does not offer a conversational AI agent.
Is MoneyLens free? MoneyLens has three plans starting at CAD $7/month, all including the full AI agent. Higher plans add bank connections and larger document allowances.