Why Canadians choose Cadence over Monarch
Lower monthly cost. From $2.49 CAD / $1.99 USD per month versus roughly $11.90 CAD / $8.33 USD for Monarch.
Better for Canadians. Full TFSA, RRSP, FHSA, RESP and RDSP support, not limited coverage.
Multi-currency built in. Hold CAD and USD together and choose your display currency.
Privacy-first. Independent and Canadian - no data selling and no AI training on your data.
Everything in one app. Budgets, net worth, goals, bills, reporting and insights together.
Sync optional. Connect your banks or track by hand - every feature works either way.
Cadence vs Monarch
| Cadence | Monarch | |
|---|---|---|
| Starting price | $2.49/m | ~$11.90/m |
| Available in Canada & USA | Yes | Yes |
| iOS (Beta), Android (Beta) & Web apps | Yes | Yes |
| Multi-currency support | Yes | No |
| TFSA, RRSP, FHSA tracking | Yes | Limited |
| AI training on your data | No | No |
| Official MCP integration | Yes | Beta |
| Passkey sign-in (all devices) | Yes | No |
| Works without bank syncing | Yes | Yes |
| Bank syncing | Yes | Yes |
| Budget & transaction tracking | Yes | Yes |
| Net worth tracking | Yes | Yes |
| Financial goals | Yes | Yes |
| Reporting | Yes | Yes |
| Insights & suggestions | Yes | Yes |
| Automations | Yes | Yes |
Competitor prices are approximate conversions. Pricing reflects annual plans billed yearly. Based on publicly available data as of March 2026.
How Cadence Compares
| Cadence | YNAB | Monarch | Copilot | Dollarwise | |
|---|---|---|---|---|---|
| Starting price | $2.49/m | ~$12.98/m | ~$11.90/m | ~$11.33/m | ~$14.29/m |
| Available in Canada & USA | Yes | Yes | Yes | No (US only) | No (US only) |
| iOS (Beta), Android (Beta) & Web apps | Yes | Yes | Yes | No Android | No |
| Multi-currency support | Yes | One per budget | No | No | No |
| TFSA, RRSP, FHSA tracking | Yes | Yes | Limited | N/A | N/A |
| AI training on your data | No | Yes | No | Unclear | Unclear |
| Official MCP integration | Yes | No | Beta | Beta | No |
| Passkey sign-in (all devices) | Yes | No | No | No | No |
| Works without bank syncing | Yes | Yes | Yes | No | No |
| Bank syncing | Yes | Yes | Yes | Yes | Yes |
| Budget & transaction tracking | Yes | Yes | Yes | Yes | Yes |
| Net worth tracking | Yes | Yes | Yes | Yes | No |
| Financial goals | Yes | Yes | Yes | Yes | Yes |
| Reporting | Yes | Yes | Yes | Yes | No |
| Insights & suggestions | Yes | No | Yes | Yes | Yes |
| Automations | Yes | No | Yes | Yes | No |
Cadence
Starting price$2.49/m
Available in Canada & USAYes
iOS (Beta), Android (Beta) & Web appsYes
Multi-currency supportYes
TFSA, RRSP, FHSA trackingYes
AI training on your dataNo
Official MCP integrationYes
Passkey sign-in (all devices)Yes
Works without bank syncingYes
Bank syncingYes
Budget & transaction trackingYes
Net worth trackingYes
Financial goalsYes
ReportingYes
Insights & suggestionsYes
AutomationsYes
YNAB
Starting price~$12.98/m
Available in Canada & USAYes
iOS (Beta), Android (Beta) & Web appsYes
Multi-currency supportOne per budget
TFSA, RRSP, FHSA trackingYes
AI training on your dataYes
Official MCP integrationNo
Passkey sign-in (all devices)No
Works without bank syncingYes
Bank syncingYes
Budget & transaction trackingYes
Net worth trackingYes
Financial goalsYes
ReportingYes
Insights & suggestionsNo
AutomationsNo
Monarch
Starting price~$11.90/m
Available in Canada & USAYes
iOS (Beta), Android (Beta) & Web appsYes
Multi-currency supportNo
TFSA, RRSP, FHSA trackingLimited
AI training on your dataNo
Official MCP integrationBeta
Passkey sign-in (all devices)No
Works without bank syncingYes
Bank syncingYes
Budget & transaction trackingYes
Net worth trackingYes
Financial goalsYes
ReportingYes
Insights & suggestionsYes
AutomationsYes
Copilot
Starting price~$11.33/m
Available in Canada & USANo (US only)
iOS (Beta), Android (Beta) & Web appsNo Android
Multi-currency supportNo
TFSA, RRSP, FHSA trackingN/A
AI training on your dataUnclear
Official MCP integrationBeta
Passkey sign-in (all devices)No
Works without bank syncingNo
Bank syncingYes
Budget & transaction trackingYes
Net worth trackingYes
Financial goalsYes
ReportingYes
Insights & suggestionsYes
AutomationsYes
Dollarwise
Starting price~$14.29/m
Available in Canada & USANo (US only)
iOS (Beta), Android (Beta) & Web appsNo
Multi-currency supportNo
TFSA, RRSP, FHSA trackingN/A
AI training on your dataUnclear
Official MCP integrationNo
Passkey sign-in (all devices)No
Works without bank syncingNo
Bank syncingYes
Budget & transaction trackingYes
Net worth trackingNo
Financial goalsYes
ReportingNo
Insights & suggestionsYes
AutomationsNo
Fully Featured Plans - Just Pick Syncing
Frequently asked questions
What is the best Monarch Money alternative?
Cadence is a strong Monarch Money alternative, especially for Canadians. It offers budgeting, net worth, goals and reporting like Monarch, but with fuller support for Canadian registered accounts, multi-currency, and a lower price.
Is Cadence cheaper than Monarch Money?
Yes. Cadence plans start at $2.49 CAD / $1.99 USD per month, compared with roughly $11.90 CAD / $8.33 USD per month for Monarch (annual billing).
Does Cadence support Canadian accounts better than Monarch?
For Canadians, generally yes. Cadence has first-class support for TFSA, RRSP, FHSA, RESP and RDSP, while Monarch’s support for Canadian registered accounts is more limited.
Does Cadence support multiple currencies?
Yes. Cadence supports CAD and USD together and lets you pick your display currency. Monarch does not offer built-in multi-currency support.
Can I switch from Monarch to Cadence?
Yes. Import transactions from a CSV export, or connect your banks directly on the Cadence+ and Premium plans, and carry on where you left off.