Send money to Canada
TapTap Send
Rate 1.4251 · Fee free
You send
$1,000
Estimated receipt
C$1,425
C$41 more than the lowest estimate
Affiliate link · No extra cost to you
Quick answer: TapTap Send ranks first of 8 for 1,000 USD → CAD: 1,425.07 CAD estimated. 40.86 CAD separates first from last.
Latest pricing observation: . Quotes are kept per USD→CAD pair, not per country, so check is served before you commit. Methodology.
What is the cheapest way to send USD to CAD?
Sending $1,000 to Canada, ranked by estimated payout.
Source: our collected quotes
TapTap SendBest value
1.4251
Free
C$1,425.07
Send
Estimated payout difference: C$40.86 between first and last on $1,000.
Canada is a major destination for money transfers, particularly from Indian, Filipino, Chinese, and Lebanese diaspora communities who send funds to family members who have recently immigrated. Interac e-Transfer — Canada's peer-to-peer payment network — is accepted by all major Canadian banks and credit unions, enabling instant transfers directly to a recipient's email or phone number.
- Interac e-Transfer allows instant transfers to any Canadian bank account using just an email or phone number. Several international providers now deliver directly via Interac e-Transfer, eliminating wait times.
- Major Canadian banks: RBC, TD Canada Trust, Scotiabank, BMO, and CIBC all have branch networks across Canada. Credit unions like Desjardins are also popular, especially in Quebec.
- Canadian bank accounts use a Transit Number (5 digits) + Institution Number (3 digits) + Account Number (7–12 digits). No IBAN is used. SWIFT codes are required for international wires.
- FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) regulates all financial transfers. Transfers above CAD 10,000 in cash are reportable. Electronic transfers have no reporting threshold but are monitored.
- The CAD (Canadian dollar) is closely correlated with oil prices and USD. It is a major traded currency — rate differences between providers are smaller than for emerging market currencies.
Which provider offers the best USD to CAD rate?
TapTap Send
4.7Exchange rate
1.4251
Fee
Free
Recipient gets
C$1,425.07
Speed
Under 3 minutes (95% of transfers)
Guides, fees & how it works
Which provider suits each USD→CAD transfer?
TapTap Send currently leads on both cost and speed for transfers to Canada.
Cheapest transfer
TapTap Send
Delivers the most CAD for your money
Fastest transfer
TapTap Send
Delivers in Under 3 minutes (95% of transfers)
Cash pickup
Remitly
Widest cash pickup network
Bank transfer
TapTap Send
Best rate for bank deposit to Canada
What you need to send money to Canada
Full name
Recipient's full legal name as it appears on their bank account
Bank account number
Recipient's bank account number
Bank name
Name of the receiving bank
SWIFT/BIC code
Optional8 or 11-character SWIFT code identifying the bank (may be optional with IBAN)
Transfer examples: USD to CAD
Send $500
| Provider | Fee | Rate | Receives | Speed |
|---|---|---|---|---|
| TapTap Send1.43 · Under 3 minutes (95% of transfers) | Free | 1.43 | C$713 | Under 3 minutes (95% of transfers) |
| Remitly1.42 · Minutes to 3-5 days | Free | 1.42 | C$712 | Minutes to 3-5 days |
| XE Money Transfer1.42 · 1-4 business days | Free | 1.42 | C$708 | 1-4 business days |
| LemFi1.42 · Minutes to 1 business day | Free | 1.42 | C$708 | Minutes to 1 business day |
| Currencies Direct1.41 · 1-2 business days | Free | 1.41 | C$704 | 1-2 business days |
| CurrencyFair1.42 · 1-2 business days | $2.82 | 1.42 | C$704 | 1-2 business days |
Send $1,000
| Provider | Fee | Rate | Receives | Speed |
|---|---|---|---|---|
| TapTap Send1.43 · Under 3 minutes (95% of transfers) | Free | 1.43 | C$1,425 | Under 3 minutes (95% of transfers) |
| Remitly1.42 · Minutes to 3-5 days | Free | 1.42 | C$1,424 | Minutes to 3-5 days |
| XE Money Transfer1.42 · 1-4 business days | Free | 1.42 | C$1,417 | 1-4 business days |
| LemFi1.42 · Minutes to 1 business day | Free | 1.42 | C$1,416 | Minutes to 1 business day |
| CurrencyFair1.42 · 1-2 business days | $2.82 | 1.42 | C$1,413 | 1-2 business days |
| Currencies Direct1.41 · 1-2 business days | Free | 1.41 | C$1,408 | 1-2 business days |
Send $5,000
| Provider | Fee | Rate | Receives | Speed |
|---|---|---|---|---|
| TapTap Send1.43 · Under 3 minutes (95% of transfers) | Free | 1.43 | C$7,125 | Under 3 minutes (95% of transfers) |
| Remitly1.42 · Minutes to 3-5 days | Free | 1.42 | C$7,119 | Minutes to 3-5 days |
| XE Money Transfer1.42 · 1-4 business days | Free | 1.42 | C$7,083 | 1-4 business days |
| LemFi1.42 · Minutes to 1 business day | Free | 1.42 | C$7,080 | Minutes to 1 business day |
| Wise1.43 · Instant to 2 days | $28.77 | 1.43 | C$7,085 | Instant to 2 days |
| CurrencyFair1.42 · 1-2 business days | $2.82 | 1.42 | C$7,079 | 1-2 business days |
How much does it cost to send money to Canada?
Of the 8 estimates we hold for $1,000 USD to CAD, 6 charge no transfer fee and 2 charge between $2.82 and $28.77. Their exchange rates sit 0.00% to 1.34% above the mid-market rate (median 0.59%), a spread worth 19 CAD on this amount.
A volatile pair: 4.6 points apart; today is "great", the better half. Best payout day TapTap Send (2 October 2026), worst InstaReM (16 March 2026).
How can my recipient receive money in Canada?
Recipients in Canada have 2 ways to receive this transfer: bank deposit; cash pickup.
Bank Deposit
Direct transfer to bank accounts in Canada.
Cash Pickup
Collect cash from agent locations in Canada.
How long does it take to send money to Canada?
4 of the 9 providers quoting USD to CAD advertise delivery within minutes (TapTap Send, Remitly, LemFi); 5 quote longer, such as XE Money Transfer at 1-4 business days on USD to CAD.
Provider-stated speeds for Canada, not our measurement.
- TapTap SendUnder 3 minutes (95% of transfers)
- RemitlyMinutes to 3-5 days
- LemFiMinutes to 1 business day
- WiseInstant to 2 days
- XE Money Transfer1-4 business days
- CurrencyFair1-2 business days
- Currencies Direct1-2 business days
- OFX1-3 business days
- Regency FXSame day may be available; confirm your route
Great time to send
SendScoreBest rate +1.79% vs the 30-day average, near the 90-day high. Rates are improving — +0.95% week on week.
- 40%near the 90-day high
- 25%+1.79% vs the 30-day average
- 15%improving — +0.95% week on week
Who is usually cheapest here
TapTap Send delivered the most on 52 of the last 52 days it quoted here (100%); TapTap Send is today's best too.
- 100%TapTap Send — cheapest on 52 of 52 days it quoted
- 0%LemFi — cheapest on 0 of 52 days it quoted
52 contested days of 52; single-quote days excluded for USD→CAD. See every corridor.
USD→CAD: 114 days of our recorded provider rates
USD to CAD Exchange Rate History
Per 100 USD sent, last 14 of 114 days.
| Date | __mid Market__ | LemFi | TapTap Send | MoneyGram | Xoom (PayPal) |
|---|---|---|---|---|---|
| Trend | |||||
| Oct 3 | 1.4250✓ | 1.4160 | 1.4250✓ | — | — |
| Oct 2 | 1.4250✓ | 1.4160 | 1.4250✓ | — | — |
| Oct 1 | 1.4248✓ | 1.4130 | 1.4220 | — | — |
| Sep 30 | 1.4230✓ | 1.4140 | 1.4230✓ | — | — |
| Sep 29 | 1.4190✓ | 1.4100 | 1.4190✓ | — | — |
| Sep 28 | 1.4180✓ | 1.4090 | 1.4180✓ | — | — |
| Sep 27 | 1.4143✓ | 1.4050 | 1.4140 | — | — |
| Sep 26 | 1.4150✓ | 1.4050 | 1.4150✓ | — | — |
| Sep 25 | 1.4148✓ | 1.4050 | 1.4140 | — | — |
| Sep 24 | 1.4140✓ | 1.4050 | 1.4140✓ | — | — |
| Sep 23 | 1.4100✓ | 1.4010 | 1.4100✓ | — | — |
| Sep 22 | 1.4060✓ | 1.3970 | 1.4060✓ | — | — |
| Sep 21 | 1.4040✓ | 1.3940 | 1.4040✓ | — | — |
| Sep 20 | 1.3996✓ | 1.3900 | 1.3990 | — | — |
Frequently asked questions
Common questions about sending money to Canada
What is the cheapest way to send money to Canada?
On USD to CAD, the measured leader is TapTap Send, which led on 52 of the last 52 days we could compare; from the UK it is InstaReM (68 of 91 days). Remitly covers Canada for everyday transfers. Given CAD's high liquidity, the rate spread between providers is narrow — compare fees as these become proportionally more important.
How long does a transfer to Canada take?
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.
What bank details do I need to send money to a Canadian bank?
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.
Can I send money directly via Interac e-Transfer to Canada?
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.
Are there taxes on money received from abroad 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.
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