Send money to Canada

Wise offers the best CAD exchange rates for most corridors. For USD-to-CAD, OFX and Wise are both very competitive. Remitly covers Canada for everyday transfers. Given CAD's high liquidity, the rate spread between providers is typically only 0.3–1.5% — compare fees as these become proportionally more important.

Interac e-Transfer deliveries arrive within minutes. SWIFT bank wires from specialist providers take 1–2 business days. Traditional bank SWIFT wires take 2–4 business days. Wise is usually the fastest option for bank deposit delivery, often settling same-day for transfers sent in the morning.

For Interac e-Transfer delivery, just the recipient's email or phone number. For bank-to-bank SWIFT transfers, you need the Institution Number (3 digits), Transit/Branch Number (5 digits), and Account Number (7–12 digits). SWIFT codes: RBC (ROYCCAT2), TD (TDOMCATTTOR), Scotiabank (NOSCCATT), BMO (BOFMCAM2), CIBC (CIBCCATT). Canada does not use IBAN.

Yes. Wise and some other providers support Interac e-Transfer delivery for CAD transfers. The recipient receives an email or text notification and automatically deposits the funds into their linked bank account — or manually accepts through their bank's online banking if auto-deposit is not enabled. This is the fastest and most convenient delivery method in Canada.

Canada has no gift tax on money received from abroad. Personal remittances and family gifts are generally not taxable income for the recipient. However, Canada Revenue Agency (CRA) may ask for documentation of large transfers. Income earned abroad by Canadian tax residents (e.g. foreign salary, rental income) must be declared on a Canadian tax return even if never remitted to Canada.