Instarem is the cheapest way to send money from Canada to China based on the 11 companies we analyzed, giving your recipient 4,858.4 CNY from $1,000.
| 13 of 13 providers Last updated on 4 September 2026 This page updates weekly. We collect, store, and analyze CAD/CNY exchange rates from our comparisons. | |||
| Based on 1,000 CAD transfer Best companies for CAD/CNY transfersAll money transfer offers for CAD/CNY transfers, sorted by most CNY received. The first two offers may be sponsored promotions. Some offers here pay us a commission. | |||
| Ad  Wise Pay via Bank Transfer | Fees: $15.36 1 CAD = 4.8665 CNY +0.06% vs mid-market | Recipient gets ¥4,791.74 Within a week | |
Ways to receive money in China with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin a weekAvailable via:Bank Transfer $15.361 CAD = 4.8665 CNY ¥4,791.74You pay$1,000.00 | |||
| Ad  MoneyGram Pay via Debit Card | Fees: $1.99 1 CAD = 4.7652 CNY +2.17% vs mid-market | Recipient gets ¥4,765.20 6-12 Hours | |
Ways to receive money in China with MoneyGram when paying by debit card. MethodFee & ratesRecipient gets Mobile wallet6-12 HoursAvailable via:WeChat $1.991 CAD = 4.7652 CNY ¥4,765.20You pay$1,001.99 Card deposit6-12 HoursAvailable via:UnionPay Cards $4.991 CAD = 4.7562 CNY ¥4,756.20You pay$1,004.99 | |||
Run a live search Showing top Canada to China deals for 1,000 CAD. 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 CAD to CNY rates. | |||
Run a live search These companies offer multi-currency accounts for spending CNY. We suggest doing a live search based on how much CAD you're planning to spend in China. | |||
Run a live search These are managed services with real human support for large CAD transfers. Click the link and update the transfer amount to get the best deal. | |||
 Instarem Pay via Interac | Fees: $0.00 1 CAD = 4.8584 CNY +0.23% vs mid-market | Recipient gets ¥4,858.40 6-12 Hours | |
Ways to receive money in China with Instarem when paying by interac. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 4.8584 CNY ¥4,858.40You pay$1,000.00 | |||
 Paysend Pay via Debit Card | Fees: $0.00 1 CAD = 4.8540 CNY +0.32% vs mid-market | Recipient gets ¥4,854.00 6-12 Hours | |
Ways to receive money in China with Paysend when paying by debit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 4.8540 CNY ¥4,854.00You pay$1,000.00 | |||
| Paysend Pay via Credit Card | Fees: $0.00 1 CAD = 4.8540 CNY +0.32% vs mid-market | Recipient gets ¥4,854.00 6-12 Hours | |
Ways to receive money in China with Paysend when paying by credit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 4.8540 CNY ¥4,854.00You pay$1,000.00 | |||
 Western Union Pay via Debit Card | Fees: $0.00 1 CAD = 4.8431 CNY +0.54% vs mid-market | Recipient gets ¥4,843.06 Next Day | |
Ways to receive money in China with Western Union when paying by debit card. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 4.8431 CNY ¥4,843.06You pay$1,000.00 | |||
| Western Union Pay via Bank Transfer | Fees: $0.00 1 CAD = 4.8431 CNY +0.54% vs mid-market | Recipient gets ¥4,843.06 Next Day | |
Ways to receive money in China with Western Union when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 4.8431 CNY ¥4,843.06You pay$1,000.00 | |||
 OFX Pay via Bank Transfer | Fees: $0.00 1 CAD = 4.8379 CNY +0.65% vs mid-market | Recipient gets ¥4,837.85 6-12 Hours | |
Ways to receive money in China with OFX when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 4.8379 CNY ¥4,837.85You pay$1,000.00 | |||
 Remitly Pay via Bank Transfer | Fees: $0.00 1 CAD = 4.8298 CNY +0.82% vs mid-market | Recipient gets ¥4,829.80 2 Days | |
Ways to receive money in China with Remitly when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit2 Days Free1 CAD = 4.8298 CNY ¥4,829.80You pay$1,000.00 | |||
| Remitly Pay via Interac | Fees: $0.00 1 CAD = 4.8298 CNY +0.82% vs mid-market | Recipient gets ¥4,829.80 2 Days | |
Ways to receive money in China with Remitly when paying by interac. MethodFee & ratesRecipient gets Bank deposit2 Days Free1 CAD = 4.8298 CNY ¥4,829.80You pay$1,000.00 | |||
 Koho Pay via Bank Transfer | Fees: $11.73 1 CAD = 4.8657 CNY +0.08% vs mid-market | Recipient gets ¥4,808.63 Next day | |
Ways to receive money in China with Koho when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext dayAvailable via:Bank Transfer $11.731 CAD = 4.8657 CNY ¥4,808.63You pay$1,000.00 Mobile walletNext dayAvailable via:Alipay $13.141 CAD = 4.8657 CNY ¥4,801.78You pay$1,000.00 | |||
| Wise Pay via Bank Transfer | Fees: $15.36 1 CAD = 4.8665 CNY +0.06% vs mid-market | Recipient gets ¥4,791.74 Within a week | |
Ways to receive money in China with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin a weekAvailable via:Bank Transfer $15.361 CAD = 4.8665 CNY ¥4,791.74You pay$1,000.00 | |||
| Remitly Pay via Debit Card | Fees: $0.00 1 CAD = 4.7909 CNY +1.63% vs mid-market | Recipient gets ¥4,790.90 2 Days | |
Ways to receive money in China with Remitly when paying by debit card. MethodFee & ratesRecipient gets Bank deposit2 Days Free1 CAD = 4.7909 CNY ¥4,790.90You pay$1,000.00 | |||
| Remitly Pay via Credit Card | Fees: $20.00 1 CAD = 4.7909 CNY +1.63% vs mid-market | Recipient gets ¥4,790.90 2 Days | |
Ways to receive money in China with Remitly when paying by credit card. MethodFee & ratesRecipient gets Bank deposit2 Days $20.001 CAD = 4.7909 CNY ¥4,790.90You pay$1,020.00 | |||
 Moneycorp Pay via Bank Transfer | Fees: $0.00 1 CAD = 4.7721 CNY +2.00% vs mid-market | Recipient gets ¥4,772.11 Next Day | |
Ways to receive money in China with Moneycorp when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 4.7721 CNY ¥4,772.11You pay$1,000.00 | |||
| $0 fee on first online transfers MoneyGram Pay via Debit Card | Fees: $1.99 1 CAD = 4.7652 CNY +2.17% vs mid-market | Recipient gets ¥4,765.20 6-12 Hours | |
Ways to receive money in China with MoneyGram when paying by debit card. MethodFee & ratesRecipient gets Mobile wallet6-12 HoursAvailable via:WeChat $1.991 CAD = 4.7652 CNY ¥4,765.20You pay$1,001.99 Card deposit6-12 HoursAvailable via:UnionPay Cards $4.991 CAD = 4.7562 CNY ¥4,756.20You pay$1,004.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Credit Card | Fees: $1.99 1 CAD = 4.7652 CNY +2.17% vs mid-market | Recipient gets ¥4,765.20 6-12 Hours | |
Ways to receive money in China with MoneyGram when paying by credit card. MethodFee & ratesRecipient gets Mobile wallet6-12 HoursAvailable via:WeChat $1.991 CAD = 4.7652 CNY ¥4,765.20You pay$1,001.99 Card deposit6-12 HoursAvailable via:UnionPay Cards $4.991 CAD = 4.7562 CNY ¥4,756.20You pay$1,004.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Cash deposit | Fees: $1.99 1 CAD = 4.7652 CNY +2.17% vs mid-market | Recipient gets ¥4,765.20 6-12 Hours | |
Ways to receive money in China with MoneyGram when paying by cash deposit. MethodFee & ratesRecipient gets Mobile wallet6-12 HoursAvailable via:WeChat $1.991 CAD = 4.7652 CNY ¥4,765.20You pay$1,001.99 Card deposit6-12 HoursAvailable via:UnionPay Cards $4.991 CAD = 4.7562 CNY ¥4,756.20You pay$1,004.99 | |||
| Wise Pay via Interac | Fees: $21.02 1 CAD = 4.8665 CNY +0.06% vs mid-market | Recipient gets ¥4,764.20 Within minutes | |
Ways to receive money in China with Wise when paying by interac. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $21.021 CAD = 4.8665 CNY ¥4,764.20You pay$1,000.00 | |||
 TapTap Send Pay via Debit Card | Fees: $0.00 1 CAD = 4.7500 CNY +2.48% vs mid-market | Recipient gets ¥4,750.00 Minutes | |
Ways to receive money in China with TapTap Send when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes Free1 CAD = 4.7500 CNY ¥4,750.00You pay$1,000.00 Mobile walletMinutesAvailable via:Alipay, WeChat/Weixin Free1 CAD = 4.7500 CNY ¥4,750.00You pay$1,000.00 Card depositMinutesAvailable via:Bank China, UnionPay Free1 CAD = 4.7500 CNY ¥4,750.00You pay$1,000.00 | |||
 Panda Remit Pay via Bank Transfer | Fees: $8.99 1 CAD = 4.7919 CNY +1.61% vs mid-market | Recipient gets ¥4,748.82 6-12 Hours | |
Ways to receive money in China with Panda Remit when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $8.991 CAD = 4.7919 CNY ¥4,748.82You pay$1,000.00 | |||
 Remitbee Pay via Debit Card | Fees: $0.00 1 CAD = 4.7466 CNY +2.56% vs mid-market | Recipient gets ¥4,746.60 Next Day | |
Ways to receive money in China with Remitbee when paying by debit card. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 4.7466 CNY ¥4,746.60You pay$1,000.00 | |||
| Remitbee Pay via Interac | Fees: $0.00 1 CAD = 4.7466 CNY +2.56% vs mid-market | Recipient gets ¥4,746.60 Next Day | |
Ways to receive money in China with Remitbee when paying by interac. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 4.7466 CNY ¥4,746.60You pay$1,000.00 | |||
| Remitbee Pay via Bill payment | Fees: $0.00 1 CAD = 4.7466 CNY +2.56% vs mid-market | Recipient gets ¥4,746.60 Next Day | |
Ways to receive money in China with Remitbee when paying by bill payment. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 4.7466 CNY ¥4,746.60You pay$1,000.00 | |||
| Remitbee Pay via Bank Transfer | Fees: $0.00 1 CAD = 4.7466 CNY +2.56% vs mid-market | Recipient gets ¥4,746.60 Next Day | |
Ways to receive money in China with Remitbee when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 4.7466 CNY ¥4,746.60You pay$1,000.00 | |||
 Ria Money Transfer Pay via Mobile wallet | Fees: $0.00 1 CAD = 4.7461 CNY +2.57% vs mid-market | Recipient gets ¥4,746.11 6-12 Hours | |
Ways to receive money in China with Ria Money Transfer when paying by mobile wallet. MethodFee & ratesRecipient gets Mobile wallet6-12 Hours Free1 CAD = 4.7461 CNY ¥4,746.11You pay$1,000.00 Bank deposit6-12 Hours Free1 CAD = 4.7399 CNY ¥4,739.92You pay$1,000.00 | |||
| Wise Pay via Debit Card | Fees: $26.24 1 CAD = 4.8665 CNY +0.06% vs mid-market | Recipient gets ¥4,738.79 Within minutes | |
Ways to receive money in China with Wise when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $26.241 CAD = 4.8665 CNY ¥4,738.79You pay$1,000.00 | |||
| Wise Pay via Credit Card | Fees: $40.78 1 CAD = 4.8665 CNY +0.06% vs mid-market | Recipient gets ¥4,668.03 Within minutes | |
Ways to receive money in China with Wise when paying by credit card. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $40.781 CAD = 4.8665 CNY ¥4,668.03You pay$1,000.00 | |||
| Ria Money Transfer Pay via Bank Transfer | Fees: $25.00 1 CAD = 4.7461 CNY +2.57% vs mid-market | Recipient gets ¥4,627.46 6-12 Hours | |
Ways to receive money in China with Ria Money Transfer when paying by bank transfer. MethodFee & ratesRecipient gets Mobile wallet6-12 Hours $25.001 CAD = 4.7461 CNY ¥4,627.46You pay$1,000.00 Bank deposit6-12 Hours $25.001 CAD = 4.7399 CNY ¥4,621.42You pay$1,000.00 | |||
| Ria Money Transfer Pay via Debit Card | Fees: $45.00 1 CAD = 4.7461 CNY +2.57% vs mid-market | Recipient gets ¥4,532.53 6-12 Hours | |
Ways to receive money in China with Ria Money Transfer when paying by debit card. MethodFee & ratesRecipient gets Mobile wallet6-12 Hours $45.001 CAD = 4.7461 CNY ¥4,532.53You pay$1,000.00 Bank deposit6-12 Hours $45.001 CAD = 4.7399 CNY ¥4,526.62You pay$1,000.00 | |||
| Ria Money Transfer Pay via Credit Card | Fees: $65.00 1 CAD = 4.7461 CNY +2.57% vs mid-market | Recipient gets ¥4,437.61 6-12 Hours | |
Ways to receive money in China with Ria Money Transfer when paying by credit card. MethodFee & ratesRecipient gets Mobile wallet6-12 Hours $65.001 CAD = 4.7461 CNY ¥4,437.61You pay$1,000.00 Bank deposit6-12 Hours $65.001 CAD = 4.7399 CNY ¥4,431.82You pay$1,000.00 | |||
| How Our Results Work Mid-market rate: 1 CAD = 4.869502 CNY Updates every 60 minutes. | |||
Transfer details
Start with the cheapest, which is Instarem at 4,858.4 CNY on $1,000.
More than half of Canadians sending money still pay at a store counter. The same company is often cheaper online.
You have 6 ways to pay, including bank transfer, debit card, credit card, interac, cash deposit, and mobile wallet.
Interac e-Transfer is how most companies take your money, moving it into their Canadian account so they can carry it over the border.
First time round you'll need a photo ID, and often where the money came from.
Your first transfer will be slower than the ones after it because of those checks, so send it a few days before it's needed.
There are 11 companies sending money to India, but how you send depends on your needs.
For transfers home
An app does the same job as the store for less, and you top it up with an Interac e-Transfer, the same way you'd send money to a friend.
Instarem charges $0 in fees and adds 0.23% markup, so your $1,000 delivers 4,858.4 CNY in 6-12 hours.
You don't need a SIN to sign up either, a passport works.
For one-off transfers
For bigger or less frequent transfers, compare a couple of online services on the day, and pick the cheapest.
Of 11 online companies, Instarem is the cheapest and currently gets you 4,858.4 CNY on a $1,000 transfer after a $0 fee and 0.23% markup.
Funding by bank transfer (EFT) is cheapest but takes 1-2 days to clear, and Interac e-Transfer or debit card is faster but pricier.
For large transfers from Canada
For property, tuition, moving from Canada, or an inheritance, a broker is the best and usually the cheapest option.
Brokers like OFX charge no fees but add 0.65% on CAD/CNY interbank rate.
The markup gets lower the more you send, with an account manager handling it end to end.
If you're sending large amounts. expect more questions about the transfers, so have statements and documents ready to avoid delays.
If you already have one
Some neobanks in Canada include international transfers with no transfer fee as part of the account.
Koho sends your $1,000 for $11.73 in fees with 0.08% markup.
It's a good option for small ocasional transfers, but I still suggest .
For businesses paying abroad
Global accounts handle the business side, paying suppliers, contractors and overseas invoices in CNY.
Companies like OFX, Airwallex, or WorldFirst are set up for the batch and recurring payments a personal app can't do.
For spending abroad and getting paid
If part of your life runs in CNY, be it spending it, saving it, or waiting for a better rate, a multi-currency account can hold it alongside your CAD.
Wise lets you hold CAD and CNY, and convert between them at low cost.
For example, converting $1,000 costs $15.36 in fees at 0.06% markup, which gets you 4,791.74 CNY.
With Instarem, paying by interac and receiving through bank deposit is the cheapest combination. Sending $1,000 gives your recipient 4,858.4 CNY.
Deposit CAD using bank transfer, debit card, credit card, interac, cash deposit, and mobile wallet.
I suggest using Interac e-Transfer for simplicity
Follow the company's Interac instructions and check the business name before sending.
Do not send to an email address supplied outside the company's app or website.
The recipient can receive CNY through bank deposit, mobile wallet, and card deposit.
For a bank deposit payout, you will need the recipient's bank details in China.
You pay $1,000.00
元4,858
Cheapest
You pay $1,000.00
元4,854
-元4
You pay $1,000.00
元4,854
-元4
You pay $1,000.00
元4,843
-元15
You pay $1,000.00
元4,802
-元57
You pay $1,001.99
元4,765
-元93
You pay $1,001.99
元4,765
-元93
You pay $1,001.99
元4,765
-元93
You pay $1,004.99
元4,756
-元102
You pay $1,004.99
元4,756
-元102
You pay $1,004.99
元4,756
-元102
You pay $1,000.00
元4,746
-元112
You pay $1,000.00
元4,740
-元118
Interac can fund an international transfer, but it does not send money abroad by itself. You should also know what happens when a transfer reaches the FINTRAC reporting threshold.
For a $1,000 transfer to China, these are the cheapest, fastest and easiest options available now.
Best way to send money to China
Instarem is the cheapest and easiest option, funded by interac with bank deposit for the payout. Your recipient gets 4,858.4 CNY, which is 0.09% more than the next best option.
Fastest way to send money to China
TapTap Send is fastest when you pay by debit card and choose bank deposit for the payout. The transfer delivers 4,750 CNY in minutes.
An Interac e-Transfer cannot go directly to a recipient in China.
When a transfer company accepts Interac, you send CAD to its Canadian account and the company handles the international side over its own network.
There is no C$10,000 legal cap on electronic transfers from Canada.
A reporting entity must report an international electronic funds transfer of C$10,000 or more to FINTRAC, including linked transfers that meet the 24-hour rule.
The bank or transfer company makes that report, you do not file it yourself.
But you may be asked for proof of where the money came from.
Sending your own cash or making a genuine cash gift does not create a Canadian gift tax simply because the money goes abroad.
Tax can become relevant when you transfer an appreciated asset rather than cash, or when attribution rules apply.
Money held with a payment company is not covered by CDIC in the same way as an eligible bank deposit.
Payment companies covered by the Retail Payment Activities Act must safeguard end-user funds, but the Bank of Canada does not resolve individual fee or payment disputes.
If you’re unsure about the company, you can check the company in the FINTRAC MSB Registry.
If you live in Quebec, also confirm that it is allowed to provide money services there.
The rate has a direct impact on the CNY amount received. The last seven days show how today's CAD quote compares with the recent market.
Mid-market rate:1 CAD = 4.86654 CNY
Most of the pricing here comes straight from the companies, and anything we gather by hand is labelled in the table.
That covers 11 FINTRAC-registered companies sending CAD to China, updated in real time during a live search, compared on rates, fees and how your recipient can collect.
Each goes through our review. More on who we are, why you can trust us and getting started.
Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.
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