Best companies for BRL/CAD transfers
4 of 4 providers Last updated on 10 November 2026
Based on 40,000 BRL transfer Best companies for BRL/CAD transfers Sort Cheapest
Promoted Wise Pay via Bank transfer	Fee R$1,590.54 1 BRL = 0.2559 CAD +0.10% vs mid-market	Recipient gets $9,827.91 Next day
25 reviews Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in Canada with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext dayAvailable via:Bank Transfer R$1,590.541 BRL = 0.2559 CAD $9,827.91You payR$40,000.00
Promoted Regency FX Pay via Bank transfer	Fee R$0.00 1 BRL = 0.2554 CAD +0.27% vs mid-market	Recipient gets $10,217.66 Minutes - 24 hours
9 reviews Personal account managerReceive to bank accountProfessional, personal service
Ways to receive money in Canada with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 BRL = 0.2554 CAD $10,217.66You payR$40,000.00
Run a live search Showing top Brazil to Canada deals for 40,000 BRL. Do a live search with your exact amount for today's best rates.
Run a live search Showing companies that send from a business account. Run a business search to get live BRL to CAD rates.
Run a live search These companies offer multi-currency accounts for spending CAD. We suggest doing a live search based on how much BRL you're planning to spend in Canada.
Run a live search These are managed services with real human support for large BRL transfers. Click the link and update the transfer amount to get the best deal.
Exclusive: First Transfer Deal Regency FX Pay via Bank transfer	Fee R$0.00 1 BRL = 0.2554 CAD +0.27% vs mid-market	Recipient gets $10,217.66 Minutes - 24 hours
9 reviews Cheapest Personal account managerReceive to bank accountProfessional, personal service
Ways to receive money in Canada with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 BRL = 0.2554 CAD $10,217.66You payR$40,000.00
Pricing based on Revolut Standard plan Revolut Pay via Bank transfer	Fee R$60.00 1 BRL = 0.2550 CAD +0.44% vs mid-market	Recipient gets $10,185.16 Within minutes
10 reviews Fastest Multi-currency cardReceive to bank account
Ways to receive money in Canada with Revolut when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutes R$60.001 BRL = 0.2550 CAD $10,185.16You payR$40,000.00
US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US / for details.
$0 fee on first online transfers MoneyGram Pay via Pix	Fee R$0.00 1 BRL = 0.2489 CAD +2.86% vs mid-market	Recipient gets $9,956.00 Minutes - 24 hours
2 reviews
Ways to receive money in Canada with MoneyGram when paying by pix. MethodFee & ratesRecipient gets Cash pickupMinutes - 24 hours Free1 BRL = 0.2489 CAD $9,956.00You payR$40,000.00 Bank depositMinutes - 24 hoursAvailable via:All Banks Free1 BRL = 0.2489 CAD $9,956.00You payR$40,000.00
Wise Pay via Bank transfer	Fee R$1,590.54 1 BRL = 0.2559 CAD +0.10% vs mid-market	Recipient gets $9,827.91 Next day
25 reviews Our top pick Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in Canada with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext dayAvailable via:Bank Transfer R$1,590.541 BRL = 0.2559 CAD $9,827.91You payR$40,000.00

Wise Pay via Pix	Fee R$1,590.54 1 BRL = 0.2559 CAD +0.10% vs mid-market	Recipient gets $9,827.91 Next day
25 reviews Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in Canada with Wise when paying by pix. MethodFee & ratesRecipient gets Bank depositNext dayAvailable via:Bank Transfer R$1,590.541 BRL = 0.2559 CAD $9,827.91You payR$40,000.00
How Our Results Work Mid-market rate: 1 BRL = 0.2561 CAD Updates every 60 minutes.

Why compare

BRL/CAD exchange rate

Best ways to pay & receive

Transfer speed

How to send money from Brazil to Canada

Pick a company

Start with the cheapest, which is MoneyGram at 9,956 CAD for a R$40,000 transfer.

MoneyGram was the cheapest on 0 of the 29 days it quoted R$40,000 transfers to Canada.

The IOF is the same whichever company you pick, so it's about the exchange rate markup and the fees.

Fund your transfer

You have 2 ways to pay, including bank transfer and pix.

Verify and send

You'll need your CPF and a photo ID to register and verify your account.

Once that's done, you can send money to Canada.

Compare amounts

How much BRL are you sending to Canada?

How much BRL you send to Canada heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.

Our analysis shows MoneyGram was the cheapest in 0% of the transfers from R$40,000 it quoted, and in 2% of all the transfers it quoted.


R$1,000	0.52%	R$10.00	$252.35with bank transfer to bank deposit	+$5.28
R$5,000	0.46%	R$10.00	$1,272.65with bank transfer to bank deposit	+$26.50
R$10,000	0.45%	R$15.00	$2,546.47with bank transfer to bank deposit	+$59.05
R$40,000This page	0.27%	R$0.00	$10,217.66with bank transfer to bank deposit	+$214.73
R$50,000	0.27%	R$0.00	$12,778.85with bank transfer to bank deposit	+$273.50
R$100,000	0.27%	R$0.00	$25,555.01with bank transfer to bank deposit	+$543.01

Mid-market rate: 1 BRL = 0.2561 CAD

BRL/CAD Exchange Rate History

Is today a good time to send money from Brazil to Canada?

The cheapest way to send BRL to CAD can change every day, or stay with the same company all month.

We've compared the mid-market rate with the cheapest option each day (today it's MoneyGram), across 30 days of comparisons for 40,000 BRL transfers to Canada.

Each line shows what the recipient gets when you send R$40,000, after fees, as quoted by each company. The mid-market line shows what R$40,000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. There are no bank quotes for this period.

The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.

When the blue line goes above the dashed one, you're getting more CAD per BRL than the mid-market rate can offer.

This could be due to money transfer offers, FX rate adjustments, or market competitiveness.

No company, app or bank beat the mid-market rate over the past month, meaning you lose a bit of CAD on every transfer from Brazil.

Right now, MoneyGram pays 9,956 CAD on 40,000 BRL, which is 289.32 CAD less than the mid-market amount.

Today's payout isn't the best this month though, since the highest receive amount was 11,415.89 CAD.

If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.

Cheapest over time

Picking the cheapest money transfer company

Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Canada.

We've tracked 177 comparisons to check how often today's top companies were the cheapest across 6 amounts over the past month.

Regency FXAppeared in 87 comparisons
Cheapest in 92% of them
RevolutAppeared in 165 comparisons
Cheapest in 41% of them
MoneyGramAppeared in 170 comparisons
Cheapest in 2% of them

Based on 177 comparisons across 6 amounts over the last 30 days.

Different companies can come out cheapest depending on the day and the amount you send.

To keep things fair, we only count the comparisons each company appeared in, and only analyse companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).

Today MoneyGram is the cheapest and gets you the most CAD, but it was the cheapest in only 2% of the 170 comparisons it appeared in over the past month.

Wise (today's second cheapest) was the cheapest in only 0% of its comparisons, so it's rarely the cheapest option for transfers to Canada.

If it's a one-off transfer, go with MoneyGram, since it's the cheapest right now.

Ways to send money from Brazil to Canada

There are 6 ways to send money to Canada across 4 money transfer companies.

For everyday transfers

Online transfers

For most transfers from Brazil to Canada, money transfer companies like MoneyGram are the cheapest way.

You can fund an online transfer with bank transfer and pix.

MoneyGram charges R$0 and adds 2.86% markup when sending R$40,000, this will get you 9,956 CAD in Canada.

In our comparisons over the past month, it was the cheapest online service on 2 of the 29 days it quoted.

For property and other large transfers

Currency brokers

Brokers are best for large transfers, they will negotiate a better BRL/CAD rate, handle the paperwork, and guide you over the phone.

Regency FX converts BRL to CAD with an exchange-rate markup of around 0.27%.

I'd suggest , since the rate gets better the more you send.

Our analysis shows Regency FX was the cheapest broker in 100% of the transfers from R$40,000 it quoted.

For receiving cash in Portugal

Cash pickup

If your recipient in Canada needs cash, you can do it with MoneyGram.

Sending R$40,000 will get you CA$9,956 after the fees with MoneyGram.

Your recipient will collect cash at the nearest MoneyGram branch in Canada.

Our data shows MoneyGram came out cheapest among in-person options on 100% of days in the past month.

Holding AUD and other currencies

Multi-currency accounts

Wise lets you hold, convert, and spend BRL and CAD from one account.

Swapping R$40,000 with Wise will get you 9,827.91 CAD after all fees.

Over the past month, it came out cheapest among multi-currency accounts on 3% of days.

You can then spend it in Canada or Brazil and receive CAD payments.

For freelancers & businesses

Global accounts

Global accounts like Airwallex, Wise Business, and Payoneer help with international CAD payments, invoicing, receiving payments, and more.

These are great for Brazilian businesses and freelancers, but not personal transfers.

Ways to fund BRL and receive CAD in Canada

With MoneyGram, paying by pix and receiving through cash pickup is the cheapest combination. Sending R$40,000 gives your recipient 9,956 CAD.

For paying for your transfer, you have bank transfer and pix.

You can fund the transfer with Pix

You can use Pix as a funding method, but it can’t send BRL to Canada directly.

Scan the company's QR code or copy its Pix key, then approve R$40,000 in your Brazilian banking app.

For withdrawals in Canada, they can get it as bank deposit and cash pickup.

IOF can apply when you convert and send BRL abroad, so double check the tax shown before you send.

1

Bank transfer Bank deposit

You pay R$40,000.00

CA$10,218

Cheapest
2

Pix Cash pickup

You pay R$40,000.00

CA$9,956

-CA$262
3

Pix Bank deposit

You pay R$40,000.00

CA$9,956

-CA$262

Consider this when sending BRL to Canada

Brazilian transfer quotes should show the tax, fee and exchange rate. The easiest way to compare them is through the VET, then check whether the payment is a transfer of your own money or a gift.

Compare BRL/CAD transfer options

For a R$40,000 payment to Canada, I suggest starting with these:

Cheapest:

MoneyGram, funded by pix with cash pickup in Canada. Your recipient gets 9,956 CAD, which is 1.29% more than the next best option.

Fastest:

Revolut, paid by bank transfer with bank deposit for the payout. It delivers 10,185.16 CAD in within minutes.

Pix can fund but not send

Pix can be used to deposit BRL from your bank to the transfer company's Brazilian account, but it cannot send money directly to Canada.

The company then switches to local rails or uses an internal network of accounts to move BRL to Canada.

A gift can have a separate state tax

Moving your own money and making a gift are not treated the same.

A gift may fall under ITCMD, which is set and collected by the relevant Brazilian state.

The rate, exemption and filing process depend on the state and the facts of the gift.

Check this before sending a large amount to family, particularly when the sender, recipient or estate has links to different states.

Use a company authorised for câmbio

The Banco Central do Brasil says an authorised institution or its correspondent should explain the required documents and provide the VET.

If in doubt, check the institution's legal name with the Banco Central before sending.

Reclame Aqui can show service problems, but it does not replace the regulatory check.

How we analyse the market

We track 4 authorised companies sending BRL to Canada, updated in real time during live comparisons.

The IOF is identical whoever you pick, so we compare on the spread and the all-in rate, plus the ways to pay and collect.

In the past 30 days alone, we analysed 177 comparisons across 6 amounts.

This page covers the cheapest and fastest options for BRL/CAD transfers. This is how we pick them:

Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.
Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.

Each goes through our review. More on who we are, why you can trust us and how to get started.

Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.

Send money from Brazil

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Mon, Oct 12, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.2855	–	$11,420.92
Regency FX Cheapest	0.2848	R$0.00	$11,390.08	−$30.84
Revolut	0.2851	R$60.00	$11,386.49	−$34.43
MoneyGram	0.2772	R$0.00	$11,088.00	−$332.92

Tue, Oct 13, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.2862	–	$11,446.80
Regency FX Cheapest	0.2854	R$0.00	$11,415.89	−$30.91
Revolut	0.2857	R$60.00	$11,409.63	−$37.17
MoneyGram	0.2789	R$0.00	$11,156.00	−$290.80

Wed, Oct 14, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.2825	–	$11,301.48
Revolut Cheapest	0.2827	R$60.00	$11,289.14	−$12.34
Regency FX	0.2818	R$0.00	$11,270.97	−$30.51
MoneyGram	0.2769	R$0.00	$11,076.00	−$225.48

Thu, Oct 15, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.2820	–	$11,279.28
Regency FX Cheapest	0.2812	R$0.00	$11,248.83	−$30.45
Revolut	0.2815	R$60.00	$11,241.61	−$37.67
MoneyGram	0.2746	R$0.00	$10,984.00	−$295.28

Fri, Oct 16, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.2781	–	$11,122.56
Regency FX Cheapest	0.2773	R$0.00	$11,092.53	−$30.03
Revolut	0.2775	R$60.00	$11,083.85	−$38.71
MoneyGram	0.2733	R$0.00	$10,932.00	−$190.56

Sat, Oct 17, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.2795	–	$11,180.44
Regency FX Cheapest	0.2788	R$0.00	$11,150.25	−$30.19
Revolut	0.2784	R$60.00	$11,117.45	−$62.99
MoneyGram	0.2721	R$0.00	$10,884.00	−$296.44

Mon, Oct 19, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.2783	–	$11,131.52
Revolut Cheapest	0.2784	R$60.00	$11,118.79	−$12.73
Regency FX	0.2775	R$0.00	$11,101.46	−$30.06
MoneyGram	0.2721	R$0.00	$10,884.00	−$247.52

Tue, Oct 20, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.2794	–	$11,175.44
Regency FX Cheapest	0.2786	R$0.00	$11,145.27	−$30.17
MoneyGram	0.2719	R$0.00	$10,876.00	−$299.44
Revolut No quote collected this day	–	–	–	–

Wed, Oct 21, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.2799	–	$11,195.40
Regency FX Cheapest	0.2791	R$0.00	$11,165.17	−$30.23
Revolut	0.2793	R$60.00	$11,156.11	−$39.29
MoneyGram	0.2731	R$0.00	$10,924.00	−$271.40

Thu, Oct 22, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.2790	–	$11,161.72
Regency FX Cheapest	0.2783	R$0.00	$11,131.58	−$30.14
Revolut	0.2785	R$60.00	$11,123.98	−$37.74
MoneyGram	0.2731	R$0.00	$10,924.00	−$237.72

Fri, Oct 23, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.2774	–	$11,095.56
Revolut Cheapest	0.2774	R$60.00	$11,080.00	−$15.56
Regency FX	0.2766	R$0.00	$11,065.60	−$29.96
MoneyGram	0.2711	R$0.00	$10,844.00	−$251.56

Sat, Oct 24, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.2820	–	$11,280.52
Regency FX Cheapest	0.2813	R$0.00	$11,250.06	−$30.46
Revolut	0.2806	R$60.00	$11,206.53	−$73.99
MoneyGram	0.2710	R$0.00	$10,840.00	−$440.52

Mon, Oct 26, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.2815	–	$11,259.68
Regency FX Cheapest	0.2807	R$0.00	$11,229.28	−$30.40
MoneyGram	0.2710	R$0.00	$10,840.00	−$419.68
Revolut	0.2472	R$60.00	$9,872.43	−$1,387.25

Tue, Oct 27, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.2610	–	$10,438.12
Regency FX Cheapest	0.2602	R$0.00	$10,409.94	−$28.18
Revolut	0.2591	R$60.00	$10,347.29	−$90.83
MoneyGram	0.2510	R$0.00	$10,040.00	−$398.12

Wed, Oct 28, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.2628	–	$10,511.48
Regency FX Cheapest	0.2621	R$0.00	$10,483.10	−$28.38
Revolut	0.2615	R$60.00	$10,445.85	−$65.63
MoneyGram	0.2559	R$0.00	$10,236.00	−$275.48

Thu, Oct 29, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.2617	–	$10,466.44
Regency FX Cheapest	0.2610	R$0.00	$10,438.18	−$28.26
Revolut	0.2604	R$60.00	$10,401.75	−$64.69
MoneyGram	0.2574	R$0.00	$10,296.00	−$170.44

Fri, Oct 30, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.2595	–	$10,378.80
Regency FX Cheapest	0.2588	R$0.00	$10,350.78	−$28.02
Revolut	0.2582	R$60.00	$10,314.47	−$64.33
MoneyGram	0.2551	R$0.00	$10,204.00	−$174.80

Sat, Oct 31, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.2569	–	$10,275.16
Regency FX Cheapest	0.2562	R$0.00	$10,247.42	−$27.74
Revolut	0.2556	R$60.00	$10,207.09	−$68.07
MoneyGram	0.2506	R$0.00	$10,024.00	−$251.16

Mon, Nov 2, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.2570	–	$10,278.68
Regency FX Cheapest	0.2563	R$0.00	$10,250.93	−$27.75
Revolut	0.2560	R$60.00	$10,225.83	−$52.85
MoneyGram	0.2506	R$0.00	$10,024.00	−$254.68

Tue, Nov 3, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.2567	–	$10,266.48
Regency FX Cheapest	0.2560	R$0.00	$10,238.76	−$27.72
Revolut	0.2559	R$60.00	$10,219.54	−$46.94
MoneyGram	0.2507	R$0.00	$10,028.00	−$238.48

Wed, Nov 4, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.2545	–	$10,180.72
Regency FX Cheapest	0.2538	R$0.00	$10,153.23	−$27.49
Revolut	0.2533	R$60.00	$10,116.99	−$63.73
MoneyGram	0.2474	R$0.00	$9,896.00	−$284.72

Thu, Nov 5, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.2554	–	$10,216.04
Regency FX Cheapest	0.2547	R$0.00	$10,188.46	−$27.58
Revolut	0.2544	R$60.00	$10,162.30	−$53.74
MoneyGram	0.2482	R$0.00	$9,928.00	−$288.04

Fri, Nov 6, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.2553	–	$10,211.60
Regency FX Cheapest	0.2546	R$0.00	$10,184.03	−$27.57
Revolut	0.2540	R$60.00	$10,146.00	−$65.60
MoneyGram	0.2495	R$0.00	$9,980.00	−$231.60

Sat, Nov 7, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.2564	–	$10,255.24
Regency FX Cheapest	0.2557	R$0.00	$10,227.55	−$27.69
Revolut	0.2551	R$60.00	$10,188.91	−$66.33
MoneyGram	0.2492	R$0.00	$9,968.00	−$287.24

Sun, Nov 8, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.2564	–	$10,254.48
Regency FX Cheapest	0.2557	R$0.00	$10,226.79	−$27.69
Revolut	0.2551	R$60.00	$10,188.91	−$65.57
MoneyGram	0.2492	R$0.00	$9,968.00	−$286.48

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