Quicken shifts to software subscription model, but there’s a big catch

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Quicken last month moved to a software-by-subscription model for Canadian customers, and may do the same for those in the U.S. who rely on the personal finance program.

Unlike a pilot program that launched in April 2016, the Quicken subscription is not a pure cloud-based service, but relies on software installed locally on a Windows personal computer.

The two subscriptions available to Canadian users cost $40 a year (Quicken Cash Manager) and $90 annually (Quicken Home & Business). The core software must be installed on a Windows device, and will, Quicken said, be updated "to make sure you're always on the newest version."

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