StudioTax 2025 vs FinoCan

StudioTax covers the overwhelming range of personal income tax scenarios from simple tax returns to more involved returns for self-employed, returns with rental income and everything in between. StudioTax is bilingual(English and French) and supports all Canadian provinces and territories including the Quebec TP1 provincial return.

Designed for iPhone only. iPad is not supported. FinoCan helps Canadians — especially newcomers — take control of their finances with a personalized action plan, contribution tracking, and wealth projections. Whether you just landed in Canada or are looking to optimize your registered accounts, FinoCan guides you step-by-step through what to do, when, and why. What You Can Do Personalized Financial Plan Complete a quick onboarding to get a custom action plan based on your income, goals, residency status, and family Prioritized recommendations: which accounts to open, how much to contribute, and in what order Track your progress with milestones and achievement badges Canada Essentials Checklist (for Newcomers) Step-by-step settlement tasks: SIN, bank account, health card, phone number, driver's licence, CRA registration, first tax return, and more Save important details securely on your device (SIN number, health card, bank details, etc.) Multi-entry support — track multiple bank accounts or phone numbers Built-in government resource links for each task Contribution Room Calculators TFSA room calculator (based on eligibility year and contributions made) RRSP room calculator (18% of prior year income) FHSA room calculator (for first-time home buyers) Personalize your rooms for accurate recommendations Tax Savings Estimator See how much you can save in taxes through RRSP and FHSA contributions Province-specific marginal tax rates for all 13 provinces and territories Estimated vs. actual savings based on your logged contributions Wealth Projections Interactive chart showing projected account growth over 15-35 years Three scenarios: Conservative (4%), Moderate (6%), Aggressive (8%) Compare projected vs. actual contributions Adjustable contribution slider Contribution Tracker Log contributions and withdrawals for TFSA, RRSP, FHSA, and RESP Set up recurring contributions (weekly, bi-weekly, monthly) Track custom financial goals with dollar logging Home goal journey — track progress toward your first home down payment Savings Planner Plan how much to contribute per week, bi-week, or month See per-account breakdown of your contribution plan Province-based tax savings preview RRSP deadline reminders Family Financial Goals Add family members (spouse, children, parents) Assign and track goals per family member RESP tracking for children's education savings Learn Section Plain-language guides for TFSA, RRSP, FHSA, and RESP Eligibility rules, contribution limits, tax treatment Pro tips and FAQs for each account type Financial glossary (CESG, HBP, carry-forward, marginal tax rate) My Documents Vault View all saved settlement details in one place Quick reference for SIN, health card, bank accounts, and more Progress & Badges Visual progress tracker across all tasks and goals 8 achievement badges to unlock Milestone tracking for financial firsts Key Features 100% offline — all data stays on your device No account or login required Covers all 13 Canadian provinces and territories Built for newcomers, PRs, and citizens alike Dark-free, clean mobile-first design Privacy All your data is stored locally on your device. FinoCan does not collect, transmit, or share any personal information. No servers, no tracking, no ads.