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MyOwnFP
What it is
MyOwnFP is web-based financial planning software for Canadian DIY investors and financial advisors. Users can create, compare, and save scenarios, then review plans through a financial planning grid, cash-flow visualization, account charts, and scenario comparisons. Its models cover Canadian accounts and benefits including TFSA, RRSP, CPP/QPP, OAS, GIS, and pensions, with federal, provincial, and territorial tax tables. Subscribers can share a client with another MyOwnFP subscriber, such as an advisor. The Free plan is free and requires no credit card. Standard costs $40 a year for five clients, while Unlimited costs $140 a year for unlimited clients. MyOwnFP says it deploys the service on AWS in Canada, uses HTTPS for browser communications, and encrypts stored data at rest. Google is its identity provider for login, and Stripe handles payment processing; the company says its code and servers do not see credit card information. Banking information is not required, and entered data is standalone. The privacy policy says data without a subscription may be deleted at MyOwnFP’s discretion.
For and against
For
- Models Canadian accounts, benefits, and pensions.
- Includes federal, provincial, and territorial tax tables.
- Users can compare and save planning scenarios.
- Subscribers can share clients with other subscribers.
Against
- Standard is limited to five clients.
- Data without a subscription may be deleted at the company’s discretion.
The verdict
MyOwnFP focuses on Canadian financial planning, with scenario comparison and tax support across Canadian jurisdictions. Consider its client limits and data-retention policy when choosing between the free and paid plans.
Who it suits
MyOwnFP suits Canadian DIY investors and financial advisors who want to model scenarios around Canadian accounts, benefits, and taxes. Advisors can share a client with another subscriber.
Plans and prices
Free
Limited · Standard plan currently free for use · No credit card required
Read 7 Oct 2026 · myownfp.ca
Standard
5 Clients · Unlimited Scenarios · All basic account types · All charting
Read 7 Oct 2026 · myownfp.ca
Unlimited
Unlimited Clients
Read 7 Oct 2026 · myownfp.ca
On the record
- Authentication
- MyOwnFP uses Google as its identity provider for login.myownfp.ca · read 7 Oct 2026
- Bank connections
- The company says it does not require banking information and that entered data is standalone.myownfp.ca · read 7 Oct 2026
- Canadian planning
- The software models Canadian accounts and benefits including TFSA, RRSP, CPP/QPP, OAS, GIS, and pensions.myownfp.ca · read 7 Oct 2026
- Cloud hosting
- The company says it deploys the service on AWS in Canada.myownfp.ca · read 7 Oct 2026
- Data retention
- The privacy policy says data without a subscription may be deleted at MyOwnFP’s discretion.myownfp.ca · read 7 Oct 2026
- Encryption
- The security policy says browser communications use HTTPS and stored data is encrypted at rest.myownfp.ca · read 7 Oct 2026
- Intended audience
- The company describes the product for Canadian DIY investors and financial advisors.myownfp.ca · read 7 Oct 2026
- Payments
- Stripe handles payment processing, and MyOwnFP says its code and servers do not see credit card information.myownfp.ca · read 7 Oct 2026
- Planning views
- The service provides a financial planning grid, cash flow visualization, account charts, and scenario comparisons.myownfp.ca · read 7 Oct 2026
- Purpose
- MyOwnFP is financial planning software for Canadian DIY investors and advisors.myownfp.ca · read 7 Oct 2026
- Scenario planning
- Users can create and compare scenarios and save useful scenarios for future review.myownfp.ca · read 7 Oct 2026
- Sharing
- Subscribers can share a client with another MyOwnFP subscriber, such as an advisor.myownfp.ca · read 7 Oct 2026
- Support
- Users can contact the company at [email protected] with questions, feedback, bugs, or feature requests.myownfp.ca · read 7 Oct 2026
- Tax support
- MyOwnFP provides tax tables for Canadian federal, provincial, and territorial jurisdictions.myownfp.ca · read 7 Oct 2026
