Heat up the waffle iron. Pour water in the bottom of your egg poacher pan and put it over medium-high heat.
Beat 4 of the eggs in a small bowl. Reserve the remaining eggs for poaching.
Sprinkle a tablespoon of cheese onto the bottom of the hot waffle iron. Add about a tablespoon and a half of the beaten eggs, being careful not to overfill, then sprinkle another tablespoon of cheese on top. Close the waffle iron and cook for about 2-3 minutes, until golden brown. Remove the waffle and repeat for all remaining egg and cheese. You should end up with 8 chaffles. Keep the finished ones in the oven on warm.
Fry the Canadian bacon in a frying pan, heat in the microwave, or heat two at a time in the waffle iron.
To poach the eggs, crack them directly into the cups and cook until the exterior is just set, about 4 minutes. Remove from heat. To assemble, place a slice of Canadian bacon on each chaffle, then top with a poached egg and Hollandaise. Sprinkle with pepper and serve immediately.
Macros per serving: 601 calories, 1 gram net carbs, 34 grams protein, 51 grams fat.