Indivia vs Monarch
Monarch is a popular budgeting and net worth app from the United States. Indivia is built in Québec for Canadian households, investors and landlords, in English and French.
Where Monarch is ahead
- Monarch links to your bank and card accounts and updates them on its own; with Indivia you import the files your bank gives you.
- Monarch has budgeting, net worth, investments and real estate values in one app, and exports to spreadsheets.
Feature by feature
Yes Partly No (the vendor or a review says so) Not documented
| Feature | Indivia | Monarch |
|---|---|---|
| Works offline, data in a file on your own computer | Yes | No |
| Data kept in Canada | Yes | Not documented |
| French interface | Yes | Not documented |
| Mortgages with Canadian semi-annual compounding | Yes | Not documented |
| Share of a property owned, with dated changes and company chains | Yes | Not documented |
| Canadian adjusted cost base and superficial loss check | Yes | Not documented |
| TFSA, RRSP and FHSA contribution room | Yes | Not documented |
| Rental lines for CRA T776 and Québec TP-128 | Yes | Not documented |
| Tenants, units and leases | Yes | Not documented |
| Repairs kept apart from capital improvements | Yes | Not documented |
| Budget, net worth, stocks and real estate in one app | Yes | Yes |
| Free plan | Yes | No |
| Export lists to Excel and PDF | Yes | Partly |
| Everything you enter end-to-end encrypted on your device before sync | Yes | Not documented |
| Import bank statements in PDF | Partly | Not documented |
Price per year
| Indivia Basic Connected | US$39 |
|---|---|
| Indivia Investor | US$99 |
| Monarch | US$100 |
| Indivia Real-Estate Investor | US$199 |
Which one to pick
Pick Monarch if automatic bank syncing matters most and your finances are simple. Pick Indivia if you own property with others, invest in a TFSA, RRSP or FHSA, rent out units, want French, or want your data kept in Canada.
See Indivia’s plans The full comparison with seven apps
Checked against Monarch’s own pages on October 16, 2026. Tell us at support@indivia.app if something changed.