Best way to send: Wise

Wise is our top pick for sending CAD to JPY.

We tested & reviewed 16 money transfer companies offering services between Canada and Japan, and Wise scored highly.

In total, Wise appeared in 95% of Canada to Japan searches, and was the top rated company out of 16 that support transfers into Yen.

So for a great mix of cost, speed & features, make your Canada to Japan transfer using Wise.

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How to compare deals on your Canada to Japan transfer

Summary of recent searches

Top rated for transfers from Canada to Japan
Wise
Total number of CA - JP providers
16
Average cheapest fees & rate
Panda Remit
Average fastest transfer
PayPal
Average transfer time
Within minutes
Best for bank transfers
Panda Remit
Best for debit card
Xe
Best for credit card
Xe

Important things to consider before sending money from Canada to Japan

1
Compare providers

Don't settle for the first option. Always compare ways to send money from Canada to Japan to find out about fees, speed, and reliability.

Our analysis included 16 providers that operate between Canada and Japan.

Through this, you get a comprehensive view of all the options you have in Canada when you need to send money to Japan.

2
Think about the Canada to Japan exchange rate
3
Choose the right payment method
4
Keep your money safe
5
Consider transfer limits
6
How to receive money in Japan
7
Have your ID ready
8
Don't forget about taxes

Cheapest way to send money to Japan from Canada: Panda Remit

Get the lowest fees with Panda Remit - the cheapest transfer service at just $4 per transaction*

Data collected over the past six months shows that Panda Remit is 0.2% cheaper than the second-best option.

The $4 transfer cost represents the most common fee for CAD to JPY international transfers, based on data from the past six months.

If you want to secure the best rates on a CAD to Japan transfer, make sure you pick Panda Remit to send your money online.

*The most common fee applied to CAD-JPY by Panda Remit, based on data from the past six months.

Fastest way to send money from Canada to Japan: PayPal

Need to send money fast? Pick PayPal and get your funds from Canada to Japan at speed.

Our data shows that PayPal came up as the fastest way to send money from Canada to Japan in 37% of searches. This makes them well suited to urgent CAD to JPY money transfers.

The 'fastest' way to send money is defined by the overall speed of sending money from Canada to Japan - this includes deposit, transfer and withdrawal timeframes and often differs per currency. 


When speed matters, PayPal is your best choice at the moment. This service emerged as the quickest way to send money to Japan from Canada in 37% of the searches on MoneyTransfers.com over the past six months.

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Need to send over $10,000?

For those big moves, competitive pricing & strong customer service are key.

Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is Wise.


While Wise may not always be the cheapest or fastest way to send CAD from Canada to Japan, it’s the provider that will keep you safe and relaxed while your money moves into JPY.

Understanding the cost of moving money from Canada to Japan

The total cost of sending money to Japan from Canada, is made-up of a combination of fees and exchange rates. Sending with a company that can offer a good deal on both ensures a good deal on your transfer.

The Mid-Market and Exchange Rates: Currently, the mid-market for CAD-JPY is 109.7323 JPY per Canadian Dollar.

  • Finding a company offering an exchange rate closer to this will mean more Yen for your Canadian Dollar.

  • The average CAD-JPY mid-market rate for the last three months has been 112.035 JPY per Canadian Dollar. This includes a high of 118.421, and low of 103.8771.

  • Out of the 16 companies compared, Wise offers the best exchange rates.

  • The exchange rate you receive on converting CAD to JPY should be the biggest determining cost factor when transferring Canadian Dollar to Japan.

Fees: Transfer fees may have to be paid alongside the transfer, either as a set fee or a percentage of the transfer. Panda Remit, with a fee average of 4 CAD per transfer over the last 6 months, offers the lowest fees overall. Although, you should search for your send amount for actual fees.

Amount Received: Money transfer companies will show you the amount of Yen eventually received in Japan.

A lower cost of sending from Canada will result in more money received in Japan.

How to find the best exchange rate for Canada to Japan

Timing is essential for sending money between CAD and JPY. The exchange rate you secure impacts how much JPY you get for your CAD.

Mid-market Rate
1
= 109.732254 JPY

Let's dive into some interesting recent trends.

  • Over the past six months, the exchange rate from CAD to JPY has seen some fluctuation. On average, it stood at 112.035.

  • During this period, the highest value recorded was 118.421, while the lowest was 103.8771.

  • Wise, which is our recommended service to send money online from Canada to Japan offers an exchange rate that is only 0% above the mid-market rate.

Want to secure the best CAD-Yen exchange rates?

Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Canada to Japan!

Paying for your Canada to
Japan money transfer

  • Bank transfers

    A bank transfer is often the default option for money transfers from Canada to Japan.

    By using a money transfer company such as Panda Remit to send money from Canada to Japan, you can while benefit from lower fees and more favorable exchange rates than a bank would offer. 


    On average, Panda Remit is the cheapest money transfer provider for bank transfers from the 16 we tested when sending CAD to Japan.

    With an average fee of CAD4 to send money from Canada to Japan, Panda Remit offers a great combination of competitive exchange rates and lower fees.


  • Debit and prepaid cards

    Sending money from Canada to Japan with a prepaid or debit card is very easy with Wise.


    Wise is a great choice for sending money with a debit card from Canada to Japan. This is from the 16 money transfer companies compared.

  • Credit cards

    When it comes to credit card money transfers from Canada to Japan, Xe emerges as our top choice of the 16 companies offering this service.

    Be careful of fees: using a credit card to transfer money internationally often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.

How we analyze the market

We track the cost, speed, and product offerings of the leading money transfer services available between Japan and Canada.


Our comparison engine and algorithms evaluate providers based on over 25 factors.

We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.

This thorough analysis helps you get the best available deal - every time you want to move money from Canada to Japan.


We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send CAD to JPY.


For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.

FAQs

How much money can be transferred from Canada to Japan?
Are there any tax implications to sending money from Canada to Japan?
Can I send money from Canada to Japan with MoneyTransfers.com?
What are the typical transfer fees for sending Canadian Dollars to Japan through various providers?
How long does it take to send money from Canada to Japan?
What is the best exchange rate I can get for sending money from Canada to Japan?
Are there any minimum or maximum transfer amounts for sending money from Canada to Japan?
Can I schedule regular transfers between Canada and Japan?