Question 1

What is the best personal finance app in Canada?

Accepted Answer

Prosperi is Canada's first AI-powered personal finance app built specifically for Canadians. According to user feedback, people find an average of $200+ per month in hidden savings. It supports 15+ Canadian banks, includes RRSP/TFSA/FHSA tax calculators, and is PIPEDA compliant—no bank connections or account numbers ever stored.

Question 2

How do I track my spending in Canada?

Accepted Answer

Prosperi lets you track spending by uploading CSV files from your Canadian bank. The AI categorizes transactions with approximately 95% accuracy across TD, RBC, BMO, Scotiabank, CIBC, Tangerine, KOHO, EQ Bank, and 10+ other institutions. You get one dashboard for all accounts—no manual spreadsheets or bank connections required.

Question 3

Is Prosperi free?

Accepted Answer

Prosperi offers a 7-day free trial with full access to AI insights, budget tracking, the Canadian tax calculator, and financial simulations. After the trial, plans start at a low monthly rate. You can cancel anytime from the Settings page.

Question 4

How does Prosperi compare to Mint or YNAB?

Accepted Answer

Unlike Mint (discontinued in Canada) or YNAB (USD-focused, $14.99/mo), Prosperi is built for Canadians with CSV import, RRSP/TFSA/FHSA tax tools, and PIPEDA compliance. Users report discovering $200+/month in savings through AI analysis. No bank linking—you control your data via secure CSV upload.

Question 5

Does Prosperi support TFSA and RRSP tracking?

Accepted Answer

Yes. Prosperi includes a Canadian tax calculator for all provinces that helps you plan RRSP, TFSA, and FHSA contributions. See your tax savings in real time and optimize across all three registered accounts. The calculator covers federal plus provincial/territorial rates.

Question 6

Is Prosperi safe to use with my bank data?

Accepted Answer

Yes. Prosperi is PIPEDA compliant. According to our security model, we only store transaction dates, amounts, and descriptions—never account numbers, passwords, or card numbers. All data is encrypted and CSV files are deleted immediately after processing. We never connect directly to your bank.

Question 7

What Canadian banks does Prosperi support?

Accepted Answer

Prosperi supports 15+ Canadian banks and financial institutions including TD, RBC, BMO, Scotiabank, CIBC, National Bank, Tangerine, KOHO, EQ Bank, Neo, Simplii, Wealthsimple, PC Financial, Motor City Community Credit Union, Desjardins, and American Express. Any bank that exports to CSV is supported.

Question 8

How does Prosperi categorize my transactions?

Accepted Answer

Our AI automatically categorizes transactions with approximately 95% accuracy based on merchant descriptions. It recognizes Canadian merchants like Tim Hortons, Shoppers Drug Mart, and Loblaws. You can correct miscategorizations and the AI learns from your feedback to improve over time.

Prosperi Blog

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