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"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
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"Regency's UK-based account management team has vast experience. Get support on all kinds of transfers, from overseas property transactions to business payments & more."
Best option: Wise
We tested & reviewed 15 money transfer providers, and Wise scored highly in each category.
Over the last six months, Wise appeared in 98.4% of Canada to Philippines searches, and was the top rated company supporting money transfers between CAD and PHP.
For a great mix of cost, speed & features, transfer from Canada to Philippine Peso using Wise.
How to compare deals on Canada to Philippines money transfers
- Always compare rates
Don't pay more than you need to. Use our live comparison tool to ensure the best rates on money transfers from Canada to the Philippines.
- Choose a provider
Select the provider that gives you the best value & service for your needs
- Click, sign up & send
Follow the steps & start your transfer from Canada. Your funds will be converted to Philippine Peso and transferred to the Philippines.
Summary of recent searches
What to consider ahead of money transfers from Canada to Philippines
Comparing based on your specific needs is the best way to send money from Canada to the Philippines with confidence.
Our analysis, and search results, include 15 providers that operate between Canada and the Philippines. These are ranked by speed, overall cost and ease of use.
Through this, you get a comprehensive view of all the options you have in Canada when you need to send money to the Philippines.
Cheapest way to transfer money from Canada to Philippines: Xe
Data collected over the past six months shows that Xe is 1.3% cheaper than the second-best option.
This includes an average transfer fee of 0* CAD an exchange rate for buying Philippine Peso with Canadian Dollars that is 0% different to the mid-market rate.
If you want to secure the best rates on transfers from Canada to Philippines, Xe will result in the most Philippine Peso received.
*The most common fee applied to CAD-PHP by Xe, based on data from the past six months.
Fastest way to transfer money to the Philippines from Canada: Paysend.
Paysend was the quickest way to send Canadian Dollar to Philippine Peso in 32.3% of searches. For fast transfers between CAD and PHP, Paysend comes highly recommended.
When using Paysend to send money from Canada to the Philippines you can expect an average fee of 0 CAD. Although we would recommend comparing the amount you want to send.
When testing the 'fastest' options we compared 15 money transfer providers. To test overall speed of sending money from Canada to the Philippines we included the timeframe for depositing Canadian Dollar to a money transfer account and average transfer times to the Philippines.
When sending money to Philippines from Canada quickly is a priority, Paysend is our recommended choice.
Transfer a large sum of money
From 15 money transfer companies compared, Wise is the best option for large transfers from Canada to the Philippines.
Whether it’s for property purchases, business or any other reason, sending large amounts of money from Canada to the Philippines can become expensive if you use a bank, or the wrong provider.
Wise is the top choice for sending large sums of money to the Philippines from Canada because they offer a strong service and competitive exchange rates.
Understanding the cost of moving money from Canada to Philippines
The total cost of sending money to the Philippines 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-PHP is 41.5672 PHP per Canadian Dollar.
Finding a company offering an exchange rate closer to this will mean more Philippine Peso for your Canadian Dollar.
The average CAD-PHP mid-market rate for the last three months has been 42.0567 PHP per Canadian Dollar. This includes a high of 42.9758, and low of 40.9741.
Out of the 15 companies compared, Wise offers the best exchange rates.
The exchange rate you receive on converting CAD to PHP should be the biggest determining cost factor when transferring Canadian Dollar to the Philippines.
Fees: Transfer fees may have to be paid alongside the transfer, either as a set fee or a percentage of the transfer. Xe, with a fee average of 0 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 Philippine Peso eventually received in the Philippines.
A lower cost of sending from Canada will result in more money received in the Philippines.
Getting the best exchange rate for Canadian Dollar to Philippine Peso
Tracking the mid-market rate can make a huge difference when sending money CAD to PHP. The exchange rate you secure impacts how much PHP you get for your CAD.
Here's some data on recent trends in the mid-market rate.
Over the past six months, the interbank rate from CAD to PHP has seen some fluctuation. On average, it has been 42.0567.
During this period, the highest value level was 42.9758, with a low of 40.9741.
Wise, which is our recommended service to send money online from Canada to Philippines offers an exchange rate that is only 0% above the mid-market rate.
Want to secure the best CAD-Philippine Peso 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 Philippines!
Payment options for transfers from Canada to Philippines
Bank transfers
Bank transfers are often the fastest and cheapest way to send money from Canada to the Philippines.
Using a money transfer company such as Xe for payments from Canada to the Philippines, means you can send via a bank transfer and benefit from lower fees and more favorable exchange rates than you would get with a traditional bank.
Xe is the best money transfer provider for bank transfers of the 15 we compared when sending CAD to the Philippines.
With an average fee of 0 CAD to transfer money from Canada to the Philippines, Xe offers a great combination of competitive exchange rates and lower fees.
Prepaid and debit cards
Sending money with a debit card from Canada to the Philippines is easy with Wise.
Wise is a leader in debit card money transfers from Canada to the Philippines. They are the best option of the 15 transfer companies compared.
Credit cards
When it comes to credit card transfers from Canada to the Philippines, Xe is the top choice of the 15 companies offering this service.
Fee alert: 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 Philippines and Canada.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
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 Philippines.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send CAD to PHP.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
