Finthy Canada - Personal Finance Dashboard

The Big Five Problem, and Everything Around It

Canadian banking is dominated by the Big Five (RBC, TD, BMO, Scotiabank, and CIBC), but that doesn’t mean your finances are simple. Most Canadians layer on a high-interest savings account at Tangerine or EQ Bank (earning 4%+), a TFSA at Wealthsimple or Questrade, an RRSP at their employer’s plan, a credit card from a different bank for the rewards, and maybe a fintech account at Neo Financial or KOHO for cashback.

Each institution has its own app. None of them talk to each other. Canada’s Consumer-Directed Finance (CDF) framework won’t be fully operational until 2026 at the earliest, so bank data sharing still runs through connection networks like Plaid rather than a government standard.

Finthy bridges this gap today by connecting all your Canadian accounts (Big Five, online banks, brokerages, and accounts abroad) in one dashboard.

Connecting Your Canadian Banks

Automatic Bank Sync with Plaid

Finthy connects to Canadian banks through Plaid, which covers the Big Five and most online banks and credit unions. You sign in to your bank once, inside Plaid’s secure window, and your balances and transactions then sync to your dashboard automatically.

Finthy never sees or stores your banking password, and the connection is read-only: nobody can move money through it. You can disconnect a bank at any time.

File Upload: Any Institution

For brokerages like Questrade, Interactive Brokers, or CI Direct, or for any institution Plaid doesn’t cover, upload your statements (CSV, OFX, or PDF) and Finthy processes them automatically.

Both methods protect your data with 256-bit encryption, meeting the same security standards used by CDIC-insured institutions.

TFSAs, RRSPs, and FHSAs in One View

Canada’s registered account system is powerful but fragmented. You might have a TFSA at Wealthsimple, an RRSP at your employer’s plan through Sun Life, and a new FHSA at Questrade. Tracking contribution room, growth, and overall allocation across these accounts normally requires logging into three different platforms and a spreadsheet.

Finthy pulls all of them into one net worth view. You can see:

• Total registered savings: TFSA + RRSP + FHSA balances combined
• Non-registered investments alongside registered ones for true net worth
• Currency breakdown: particularly important if you hold USD-denominated ETFs (like VFV or XUU) inside your TFSA or RRSP

Understanding how these accounts work together is key to retirement planning and tax optimization.

Built for Cross-Border Financial Lives

Canada-US Workers

Over 300,000 Canadians commute or work across the border. If you earn USD and spend CAD, you need both currencies visible in real time. Finthy shows your Chase balance alongside your RBC balance, converts at live exchange rates, and lets you budget in multiple currencies: a USD budget for American expenses and a CAD budget for Canadian ones.

New Permanent Residents

Canada welcomes 400,000+ new permanent residents each year. If you moved from India, the Philippines, China, Brazil, or anywhere else, you likely still hold accounts in your home country: savings, investments, or property income. Finthy lets you manage finances across two countries without losing track of either side.

Snowbirds

If you spend winters in Florida or Arizona, you have expenses in both CAD and USD for months at a time. Finthy tracks both simultaneously, so you know exactly what your winter lifestyle costs in real Canadian dollars.

Budgeting That Works for Canadian Life

Canadian cost of living varies dramatically: a $2,000/month apartment in Toronto vs. $1,200 in Calgary. Finthy’s budgeting tools adapt to your reality:

• Separate budgets per currency: CAD for daily life, USD for cross-border expenses or investments
• AI categorization trained on Canadian merchants: Tim Hortons, Loblaws, Shoppers, Petro-Canada, Canadian Tire, and hundreds of others categorized automatically
• Subscription tracking: catch the $14.99 Netflix, $11.99 Spotify, $6.49 iCloud, and $15.99 Disney+ that quietly add up
• Trend analysis: understand if your grocery bill is climbing with inflation or if you’re adapting

Our zero-based budgeting guide shows how to assign every dollar to a job, a method that works especially well when managing two currencies.

How Your Data Stays Safe

Canadian consumers are rightly cautious about financial data sharing. PIPEDA (Personal Information Protection and Electronic Documents Act) sets strict rules for how personal data is handled, and Finthy exceeds them:

• We never see your banking password: you sign in to your bank inside Plaid’s secure window, and Finthy only receives read-only access that you can revoke at any time
• 256-bit AES encryption: data encrypted in transit (TLS 1.3) and at rest, the same standard used by CDIC-insured institutions
• Canadian-compliant infrastructure: your data is handled with the same care as federally regulated financial institutions
• No data monetization: Finthy makes money from subscriptions, not from selling your financial data to third parties