MyOwnFP review
Low-cost Canadian tax and retirement modeling with scenario analysis and advisor sharing.
Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026
MyOwnFP is web-based financial planning software for Canadian DIY investors and financial advisors. It models income, expenses, investments, registered accounts, pensions, government benefits, taxes, property, liabilities and estate values. Users can create and compare scenarios, visualize cash flow with Sankey diagrams, chart account values, define savings and income rules, and explore retirement drawdown options. Advisors can share plans with clients for online access.
Pricing is structured around three tiers. The Free plan is currently free for use and requires no credit card. The Standard plan is listed at $40 per subscriber per year and includes five clients, unlimited scenarios, charting, scenario comparisons, sweep runs, and flexible saving and income rules. The Unlimited plan is listed at $140 per subscriber per year and adds unlimited clients. This structure suits individual planners and advisors who want low annual pricing, with the main paid-tier distinction being client capacity.
MyOwnFP’s strongest fit is Canadian planning that depends on tax, benefit, cash-flow and retirement analysis. It includes federal, provincial and territorial tax calculations, plus CPP/QPP, OAS and GIS benefit calculations, while supporting registered accounts, investments, property and liabilities. The product is designed for standalone data entry rather than bank-account connections, and it does not provide verified integrations, insurance planning or explicit goal-planning features. Choose it for Canadian scenario modeling and advisor sharing; consider an alternative when connected financial data, insurance analysis or dedicated goal planning is central to the workflow.
MyOwnFP pros and cons
- Where it wins
- Canadian federal, provincial and territorial tax calculations
- Scenario comparisons, cash-flow visualization and retirement drawdown planning
- Advisor-to-client plan sharing with web access
- Where it doesn't
- No verified integrations or bank-account connections
- No insurance-planning features
- No explicit goal-planning features
MyOwnFP fact sheet, pricing and score →
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