# Kosh vs Monarch Money in Canada: Which Fits You? > Kosh vs Monarch Money for Canadians: how each gets your data, prices as of October 2026 (Monarch bills in USD), tax and RRSP/TFSA planning, and who wins. Source: https://trykosh.com/compare/kosh-vs-monarch-money Compare - Kosh and Monarch Money # Kosh vs Monarch Money for Canadians Monarch Money is a popular app for tracking accounts and budgets, and it offers a version for Canada. Kosh is an AI CFO built for Canadian tax and registered accounts. Here's how they differ and when each makes sense. Checked October 31, 2026Written by Kosh, so read with that in mind On this page[In short](#in-short)[Side by side](#side-by-side)[How each one works](#how-it-works)[Where Monarch is the better choice](#where-monarch-wins)[Where Kosh is the better choice](#where-kosh-wins)[What each costs](#cost)[A sensible way to choose](#choose)[FAQs](#faq) **In short** - Monarch connects to your financial accounts to track spending, budgets and balances in one place. If you want an automatically updated dashboard, it's a solid option. - Kosh doesn't connect to your bank. It reads the statements you upload, then maps your money, estimates your federal and provincial tax and plans RRSP, TFSA and FHSA contributions. - As of 31 October 2026, Monarch lists US$14.99 a month or US$99.99 a year, billed in US dollars. Kosh Pro is CA$19 a month or CA$179 a year, and Starter is free. - Pick Monarch for a connected, always-current dashboard. Pick Kosh if you want Canadian tax and savings planning without sharing bank logins. ## Side by side Kosh Monarch Money What it is An AI CFO for Canadians An account-tracking and budgeting app How data gets in Statements you upload (PDF, CSV or photo) Connections to your financial institutions Updates When you upload Automatically, when connections work Canadian tax estimate Federal and provincial, incl. RSUs and capital gains Not a focus RRSP, TFSA, FHSA order Yes You can track the accounts' balances Bank logins Never asked for Used to connect accounts Currency billed Canadian dollars US dollars Price (as of 31 Oct 2026) Starter free; Pro CA$19 a month or CA$179 a year, with a 7-day free trial US$14.99 a month or US$99.99 a year ## How each one works Monarch Money pulls your accounts into one dashboard so you can see balances, spending and budgets without typing anything in. Its Canada page suggests using the trial to confirm your institutions connect reliably, which is good advice for any connected app: coverage of Canadian banks and credit unions varies. Kosh takes a different route. You upload statements from your bank, cards and investment accounts. Kosh sorts every transaction, finds what you could cut, estimates your tax for your province and turns it into a short list of next steps: pay down this card, top up that TFSA, move idle cash out of a chequing account that pays nothing. It's an [AI CFO](/learn/what-is-an-ai-cfo), not a dashboard. ## Where Monarch is the better choice - **You want it to update itself.** Once your accounts connect, Monarch stays current without uploads. - **You like a dashboard.** If you want to see every balance and budget at a glance whenever you open an app, a connected tracker suits that. - **You're comfortable linking accounts** and your banks connect reliably. ## Where Kosh is the better choice - **You don't want to share bank logins.** Kosh never asks for them and can't move money. Read our [security page](/legal/security). - **You want Canadian tax answers.** Kosh works out your marginal rate, what an RRSP or FHSA contribution saves and how RSUs or a side business change your bill. See [Canadian tax brackets for 2026](/learn/canadian-tax-brackets-2026). - **You want to be told what to do next,** not just shown charts. - **You'd rather pay in Canadian dollars.** Monarch bills in US dollars, so the cost moves with the exchange rate. ## What each costs As of 31 October 2026, Monarch's pricing page lists US$14.99 a month or US$99.99 a year, and its Canada page says all prices are billed in US dollars. Its Canada page also mentions a 7-day trial; check the current offer before signing up. Kosh Starter is free. Kosh Pro is CA$19 a month or CA$179 a year, with a 7-day free trial. ## A sensible way to choose 1. **Decide what you want the app to do.** Watch balances, or tell you what to change? 2. **Check data access.** If linking accounts bothers you, that settles it. If not, try a connected app and confirm your banks work. 3. **Check the tax side.** If your situation includes RSUs, self-employment income, an FHSA or a big RRSP decision, you'll want something that handles Canadian tax. [Free tool**Income tax calculator**Work out your 2026 federal and provincial income tax, CPP and EI, and what you keep, in any province or territory. Add self-employment income, capital gains and RRSP contributions to see how each one changes the bill.](/tools/income-tax-calculator)[Free tool**TFSA contribution room calculator**Add up every TFSA limit you've been eligible for since 2009, subtract what you've put in and add back past withdrawals to see the room you have today.](/tools/tfsa-contribution-room-calculator) **Where Kosh fits** Kosh is for people who want a plan, not just a picture. It reads statements you upload, estimates your Canadian tax and puts your registered-account room to work, without bank logins. ## Free tools to try first [Free tool**Income tax calculator**Work out your 2026 federal and provincial income tax, CPP and EI, and what you keep, in any province or territory. Add self-employment income, capital gains and RRSP contributions to see how each one changes the bill.](/tools/income-tax-calculator)[Free tool**TFSA contribution room calculator**Add up every TFSA limit you've been eligible for since 2009, subtract what you've put in and add back past withdrawals to see the room you have today.](/tools/tfsa-contribution-room-calculator) ## Frequently asked questions Is Monarch Money available in Canada? Monarch has a Canada page and says to use its trial to confirm your institutions connect reliably. As of 31 October 2026, it states that all prices are billed in US dollars. How much does Monarch Money cost? As of 31 October 2026, Monarch lists US$14.99 a month or US$99.99 a year, billed in US dollars. Check its site for current offers. Does Kosh connect to my bank like Monarch? No. Kosh reads statements you upload as PDF, CSV or photo. It never asks for bank logins and cannot move money, so it updates when you upload rather than automatically. Which is better for Canadian taxes? Kosh is built around Canadian tax: it estimates federal and provincial tax and plans RRSP, TFSA and FHSA contributions. Monarch is focused on tracking accounts and budgets. ## Sources - [Monarch Money pricing (checked 31 October 2026)](https://www.monarch.com/pricing) - [Monarch Money in Canada (checked 31 October 2026)](https://www.monarch.com/canada) Descriptions and prices of other products come from their public websites as of October 31, 2026 and may have changed since. Kosh is our product. Product names belong to their owners. Kosh is an educational financial planning tool by Primedepth Labs. It is not registered with any Canadian securities regulator as an adviser or dealer, does not recommend specific securities, and does not hold your money or execute trades. Tax figures are estimates; confirm with the CRA or a qualified professional before acting. Investing carries risk. ## See what Kosh finds in your statements. Upload one bank or card statement. Kosh maps your money, estimates your tax and shows the one thing to fix first. It never asks for bank logins and can't move money. [Start free](/signup?via=compare-kosh-vs-monarch-money)