Cheapest way to send CAD to India?

Wise, Remitly, and CIBC Global Money Transfer are typically the most competitive on CAD→INR. Wise offers the tightest mid-market margin; Remitly's 'Express' service costs more but delivers in minutes via UPI.

Do I pay Canadian tax on money I send abroad?

Personal gifts to family abroad are not taxable for the sender in Canada, regardless of amount. Income transferred (e.g., business payments) may have tax implications. Transfers over C$10,000 are auto-reported to FINTRAC.

How long do CAD→PHP transfers take?

Cash pickup at Cebuana, M Lhuillier, or Western Union outlets is typically instant. Bank deposits to BPI, BDO, or Metrobank take 4–24 hours. Wallet transfers to GCash settle in minutes via partners like Remitly.

Is there a difference between CAD and USD remittance corridors?

Yes — CAD corridors typically have 0.3–0.8% wider spreads than the equivalent USD corridor due to lower volume. For very large transfers, converting CAD to USD first and then using a USD corridor can sometimes be cheaper, though only marginally.

Can I send CAD from a credit card?

Most providers accept credit cards but charge a 1–3% surcharge plus your card issuer's cash-advance fee. Funding via Interac e-Transfer or bank ACH is almost always cheaper.

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Canadian Dollar (CAD) Live Exchange Rate & Remittance Guide

CAD · CA$ · Bank of Canada

1 USD =

CA$1.4008

Live (cached)

About the Canadian Dollar

The Canadian Dollar replaced the Canadian pound in 1858. It floated freely from 1970 onward and is informally called the 'loonie' after the loon bird on the C$1 coin. CAD is closely linked to commodity prices — particularly crude oil — earning it the 'petrocurrency' nickname.

Why CAD matters for remittance

Canada's diaspora-heavy population sends roughly C$8 billion in remittances annually. India is the largest destination at C$2.5 billion+, followed by the Philippines, China, Pakistan, and Nigeria. Canadian provinces with the largest immigrant populations (Ontario, BC, Alberta) drive the bulk of outbound flows.

CAD cross-rates

Live

What 1 Canadian Dollar (CAD) is worth in major currencies right now, at the wholesale mid-market rate.

Currency	1 CA$ CAD =	Inverse (1 unit in CAD)
USD USA	$0.713852 USD	CA$1.4008 CAD
EUR Europe	€0.615416 EUR	CA$1.6249 CAD
GBP UK	£0.532130 GBP	CA$1.8792 CAD
INR India	₹67.482 INR	CA$0.014819 CAD
AED UAE	د.إ2.6220 AED	CA$0.381386 CAD

USD rate is live from Wise's comparison API; other reference rates are derived from the latest USD-anchored mid-market table. Retail providers add a margin on top — see the comparison table on each corridor page for the rate you'll actually receive.

Compare CAD corridors

See live rates and the best providers for each pair.

CAD→INR CAD→PHP CAD→PKR CAD→NGN CAD→CNY

Canada remittance guide

Country profile for sending money OUT of Canada — regulators, top corridors, FAQs.

🇨🇦 Send from Canada

CAD remittance regulations

Money services businesses in Canada are registered with FINTRAC and must hold provincial licenses where required (Quebec has the strictest framework). Transfers over C$10,000 are reported to FINTRAC. There is no individual annual cap, but providers must verify customer identity for any transaction over C$1,000.

How to send Canadian Dollar (CAD)

Use Interac e-Transfer to fund your remittance provider — free from most Canadian bank accounts and arrives in minutes.
Cross-check 'recipient gets' across at least 3 providers; CAD corridors have wider spreads than USD due to lower volume.
Choose a delivery method: bank deposit (1–2 days), cash pickup (instant), or wallet credit (PayTM, GCash).
Most providers offer first-transfer fee waivers — worth using on a test transfer before committing to larger amounts.

Currency facts

ISO 4217: 124
Sub-unit: 100 cents = 1 dollar
Central bank: Bank of Canada
Daily FX volume: $260 billion/day
Symbol: CA$
52-week range (vs USD): 0.736 – 0.748

Frequently asked questions

Live rates fetched from Wise's public comparison API. For currency conversion mid-rates we display Wise's quoted rate, which has zero markup. Methodology.