Question 1

What is the best way to send money from Canada to Mexico?

Accepted Answer

Today, Remitly delivers the highest amount — MX$12,745 for every CA$1,000 sent, at a rate of 12.7700 MXN per CAD. Compare every provider's true cost (rate plus fee) above before deciding.

Question 2

What is today's CAD to MXN exchange rate?

Accepted Answer

The mid-market rate right now is approximately 1 CAD = 12.8476 MXN. This is the rate banks use among themselves — providers add a margin on top, which is why the rate you actually get is lower.

Question 3

How much does it cost to send CA$1,000 to Mexico?

Accepted Answer

Costs vary significantly. The best provider (Remitly) gives you MX$12,745 after fees. The worst (PayPal) only gives you MX$12,207. That's a difference of MX$538 on a single CA$1,000 transfer.

Question 4

How long do transfers take?

Accepted Answer

Speed varies by provider and payment method. Remitly typically completes in minutes. Cash pickup networks like MoneyGram, Western Union and Xoom are usually fastest (minutes). Bank wires and ACH transfers can take 1–3 business days.

Question 5

Are there taxes on sending money to Mexico?

Accepted Answer

In most cases, sending money internationally is not taxable for the sender. However, large transfers (typically over $10,000 USD or equivalent) may require reporting to financial authorities such as FinCEN in the US or HMRC in the UK. The recipient country may have its own rules. Always check with a tax professional for your situation.

Provider	Fee	Rate	Recipient gets	Speed
1 RemitlyBest value	CAD 1.99	12.7700	MX$12,745	Minutes	Send
2 Instarem	Free	12.7364	MX$12,736	Same day	Send
3 Wise	CAD 9.16	12.8476	MX$12,730	Within hours	Send
4 Xoom	Free	12.5355	MX$12,536	Minutes	Send
5 WorldRemit	CAD 2.99	12.5542	MX$12,517	Same day	Send
6 Royal Bank of Canada	Free	12.4844	MX$12,484	1–3 days	Send
7 BNC	CAD 5.95	12.4844	MX$12,410	1–3 days	Send
8 TD Bank	Free	12.3611	MX$12,361	1–3 days	Send
9 OFX	CAD 15.00	12.4754	MX$12,288	1–2 days	Send
10 PayPal	CAD 4.99	12.2680	MX$12,207	Minutes	Send

Send Money from Canada to Mexico — Best CAD/MXN Rates

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