Your AI money coach
for Canada.
Meet Felix — an AI agent that knows your RRSP, TFSA, FHSA, CPP, OAS, provincial tax brackets, and the Statistics Canada wealth benchmark for your age and province. Free in the Richify app.
7-day free Premium trial · No credit card · No bank login required · Manual entry, privacy-first
TFSA 2026 annual limit
$7,000
Source: CRA
TFSA cumulative since 2009
$109,000
Source: CRA
RRSP 2025 deduction cap
$32,490
Source: CRA
FHSA lifetime room
$40,000
Source: CRA
OAS clawback threshold
$93,454
Source: CRA
Median net worth (Canada)
$519,700
Source: StatCan SFS 2023
What Felix actually does for Canadians
Six concrete capabilities — not a generic chatbot, not a robo-advisor.
RRSP, TFSA, FHSA coaching
Felix knows your 2026 contribution room across all three registered accounts and tells you which one to max first based on your income, province, and retirement horizon.
Plain-English questions
Ask “Should I take CPP at 60 or 65?” or “Can I afford to max my TFSA this year?” — Felix runs the numbers and answers in language without jargon.
OAS-clawback-aware planning
Above $93,454 net income, OAS gets clawed back at 15%. Felix factors that into RRSP-vs-TFSA decisions and post-65 withdrawal sequencing.
Net worth percentile, live
Track your net worth against Statistics Canada SFS 2023 benchmarks by age and province. Median Canadian household: $519,700; BC: $773,500; Ontario: $665,600.
What-if scenarios on demand
“What if I switch to part-time?” “What if interest rates jump 2 points?” — Felix re-runs your plan instantly so you can see the dollar impact.
FHSA + HBP + property math
First-time buyer? Felix stacks FHSA ($40K lifetime), HBP ($60K post-2024), and the First-Time Home Buyer's Tax Credit, with city-specific affordability checks for Toronto, Vancouver, Calgary.
Felix vs generic budgeting apps vs robo-advisors
Where the AI-coach approach beats both the spreadsheet-style budgeting apps and the auto-invest robo-advisors.
Three questions Felix can answer right now
Real examples of the kind of plain-English Canadian-specific reasoning Felix runs in seconds.
Should I max my RRSP or TFSA first this year?
You're 34, earning $115,000 in Ontario — combined marginal rate ~43.4%. RRSP first: a $15,000 RRSP contribution saves you ~$6,510 in tax today and the refund can then go into your TFSA. After RRSP, fill TFSA to $7,000. If you have FHSA room and plan to buy a home in 5-10 years, prioritise FHSA before TFSA — same deduction as RRSP plus tax-free withdrawal.
I'm 32 in Vancouver with $80K saved — can I retire at 55?
At your current savings rate (assumed $1,800/month) growing at 6% real return, you'll have ~$910K by 55. BC's median 55-64 household net worth is $1.03M, so you'd be close to BC-median territory. The bigger question is your spending — a comfortable 55-year retirement on $60K/yr drawdown needs roughly $1.5M to last 30 years (4% rule). Want me to model a 2-year delay or a higher savings rate?
I have $50,000 in cash and no investments — what's my best 2026 move?
Three priorities, in order: (1) emergency fund — keep 3-6 months expenses (~$15-20K typical) in a HISA paying 4-5%. (2) Max TFSA first if your marginal bracket is under ~$95K; max RRSP first if above. (3) Cover the FHSA $8,000/year if you might buy a home in 5+ years. For a globally-diversified equity tilt inside any of these, an all-in-one ETF like VEQT or XEQT is the simplest 1-fund choice for most Canadians.
The honest part — what Richify is and isn't
- Manual entry, not bank-sync. Richify is manual-entry only in June 2026 — you enter your account balances yourself. Plaid-based aggregation for Canadian banks is on the roadmap but has not shipped. Upside: nothing leaves your device by default; no Open Banking authorisation; no third-party-breach risk.
- Educational only, not financial advice. Felix runs the math on Canadian tax rules and published benchmarks. It is not registered investment or tax advice. For corporate structures, US-Canada cross-border situations, divorce or estate planning, consult a fee-only CFP® or tax accountant.
- Privacy-first. Your data stays on-device unless you opt into cloud backup. Richify does not sell data, run ads, or share your numbers with third parties. The AI runs against your numbers through encrypted channels with no human review.
- Free, with optional Premium. Core AI coach + 27 Canadian calculators are free. Premium ($7.99 CAD/month, $59 CAD/year) adds multi-account scenario projections, deeper Felix conversations, and PDF report export. New users get a 7-day free trial, cancel anytime in-app.
Frequently asked questions
What is an AI money coach?+
An AI money coach is a software agent that gives personalised financial guidance using your real numbers — instead of generic advice from a blog or a one-size-fits-all robo-advisor. Richify's Felix combines a large language model with built-in CRA 2026 rules, Statistics Canada benchmarks, and Canadian-specific math (RRSP / TFSA / FHSA / CPP / OAS) to answer questions about your situation in plain English.
How is Felix different from a robo-advisor like Wealthsimple or Questrade Q-Wealth?+
Robo-advisors invest your money in a model portfolio. Felix doesn't hold or invest your money — it advises on the questions a robo-advisor can't: how much to put in RRSP vs TFSA vs FHSA, when to take CPP, how to avoid the OAS clawback, what to do with a windfall, whether to pay down the mortgage or invest, what to change when interest rates move. You keep your accounts with whoever you already use; Felix is the planner, not the broker.
Does Richify connect to my Canadian bank account?+
Not today (June 2026). Richify is manual-entry only — you enter your account balances yourself and update them when you want a fresh recommendation. We're building Plaid-based aggregation for Canadian banks but it has not shipped. The upside of the current approach: nothing leaves your device, no Open Banking authorisation needed, no risk of a third-party breach exposing your transaction history.
Is my financial data safe?+
Your data stays on-device unless you explicitly sync to the cloud for backup. Richify does not sell data, does not run ads, and does not share your numbers with any third party. The AI runs against your numbers through encrypted channels with no human review. Privacy policy and security documentation are available in-app and at richify.ai/privacy.
What does Felix specifically know about Canadian personal finance?+
Built-in: CRA 2026 contribution limits (TFSA $7,000, FHSA $8,000 / $40,000 lifetime, RRSP 2025 $32,490), 2026 federal + provincial marginal tax brackets for all 13 provinces and territories, OAS thresholds and clawback math, CPP retirement rules (start ages 60-70, 0.6%/month early-take penalty, 0.7%/month delay bonus), CPP enhancement (CPP2) on the YMPE-to-YAMPE band, RRIF minimum-withdrawal schedule, HBP and FHSA stacking for first-time home buyers, StatCan SFS 2023 net-worth benchmarks by age and province.
Is this financial advice?+
No. Richify is an educational tool that runs the math on your inputs and provides general guidance based on published Canadian tax rules and statistical benchmarks. It is not registered financial advice. For situations with material complexity (corporate accounts, US tax exposure as a Canadian, estate planning, divorce, immigration tax) consult a fee-only Certified Financial Planner (CFP®) or a tax accountant. Felix can frame the questions; a human advisor signs off.
How much does Richify cost?+
Free for the core AI coach plus the 27 Canadian calculators. Premium is optional and currently $7.99 CAD/month (or $59 CAD/year — saves ~38%) for advanced features like multi-account scenario projections, deeper Felix conversations, and PDF report export. New users get a 7-day free Premium trial; cancel anytime in the app. App download: free on iOS and Android, no credit card required to start.
Related Canadian Richify content
Net Worth by Age — Canada
Your percentile vs Statistics Canada SFS 2023. The anchor of the Canadian net-worth cluster.
Canadian Personal Finance Hub
27 free calculators, 9 StatCan benchmarks, 7 CRA-aligned guides — all in one place.
AI Money Simulator Canada
10 Canadian what-if scenarios — TFSA $5/day for 30 years, buy vs rent in Toronto, retire at 55.
TFSA Calculator
Project tax-free growth and check your $109,000 cumulative room (2026).
RRSP vs TFSA
Which to max first at your income? After-tax math with break-even brackets.
Coast FIRE Calculator
The point where compound growth alone carries your RRSP/TFSA/FHSA to your full FIRE target.
Try Felix free for 7 days.
Free core app + the 27 Canadian calculators. Premium trial for the full Felix planner. No credit card to start, cancel anytime.
Download Richify Free →iOS + Android · CA-built · Manual entry, privacy-first
