Remitly is the cheapest way to send money from Canada to China based on the 12 companies we analyzed, giving your recipient 4,761.5 CNY from CA$1,000.
| 12 of 12 providers Last updated on 28 October 2026 | |||
| Based on 1,000 CAD transfer Best companies for CAD/CNY transfers | |||
| Ad  Wise Pay via Bank Transfer | Fees: $15.46 1 CAD = 4.7415 CNY +0.01% vs mid-market | Recipient gets ¥4,668.18 Same day | |
Ways to receive money in China with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositSame dayAvailable via:Bank Transfer $15.461 CAD = 4.7415 CNY ¥4,668.18You pay$1,000.00 | |||
| Ad  Instarem Pay via Interac | Fees: $0.00 1 CAD = 4.7330 CNY +0.19% vs mid-market | Recipient gets ¥4,733.00 6-12 Hours | |
Ways to receive money in China with Instarem when paying by interac. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 4.7330 CNY ¥4,733.00You pay$1,000.00 | |||
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. | |||
 Remitly Pay via Bank Transfer | Fees: $0.00 1 CAD = 4.7615 CNY -0.41% vs mid-market | Recipient gets ¥4,761.50 Within a week | |
Ways to receive money in China with Remitly when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin a week Free1 CAD = 4.7615 CNY ¥4,761.50You pay$1,000.00 | |||
| Remitly Pay via Interac | Fees: $0.00 1 CAD = 4.7615 CNY -0.41% vs mid-market | Recipient gets ¥4,761.50 Within a week | |
Ways to receive money in China with Remitly when paying by interac. MethodFee & ratesRecipient gets Bank depositWithin a week Free1 CAD = 4.7615 CNY ¥4,761.50You pay$1,000.00 | |||
| Instarem Pay via Interac | Fees: $0.00 1 CAD = 4.7330 CNY +0.19% vs mid-market | Recipient gets ¥4,733.00 6-12 Hours | |
Ways to receive money in China with Instarem when paying by interac. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 4.7330 CNY ¥4,733.00You pay$1,000.00 | |||
| Remitly Pay via Debit Card | Fees: $0.00 1 CAD = 4.7231 CNY +0.40% vs mid-market | Recipient gets ¥4,723.10 Within minutes | |
Ways to receive money in China with Remitly when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin minutes Free1 CAD = 4.7231 CNY ¥4,723.10You pay$1,000.00 | |||
| Remitly Pay via Credit Card | Fees: $20.00 1 CAD = 4.7231 CNY +0.40% vs mid-market | Recipient gets ¥4,723.10 Within minutes | |
Ways to receive money in China with Remitly when paying by credit card. MethodFee & ratesRecipient gets Bank depositWithin minutes $20.001 CAD = 4.7231 CNY ¥4,723.10You pay$1,020.00 | |||
 Western Union Pay via Debit Card | Fees: $0.00 1 CAD = 4.7212 CNY +0.44% vs mid-market | Recipient gets ¥4,721.25 Next Day | |
Ways to receive money in China with Western Union when paying by debit card. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 4.7212 CNY ¥4,721.25You pay$1,000.00 | |||
| Western Union Pay via Bank Transfer | Fees: $0.00 1 CAD = 4.7212 CNY +0.44% vs mid-market | Recipient gets ¥4,721.25 Next Day | |
Ways to receive money in China with Western Union when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 4.7212 CNY ¥4,721.25You pay$1,000.00 | |||
 Paysend Pay via Debit Card | Fees: $0.00 1 CAD = 4.7192 CNY +0.48% vs mid-market | Recipient gets ¥4,719.16 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 = 4.7192 CNY ¥4,719.16You pay$1,000.00 | |||
| Paysend Pay via Credit Card | Fees: $0.00 1 CAD = 4.7192 CNY +0.48% vs mid-market | Recipient gets ¥4,719.16 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 = 4.7192 CNY ¥4,719.16You pay$1,000.00 | |||
 OFX Pay via Bank Transfer | Fees: $0.00 1 CAD = 4.7112 CNY +0.65% vs mid-market | Recipient gets ¥4,711.17 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 = 4.7112 CNY ¥4,711.17You pay$1,000.00 | |||
 Remitbee Pay via Debit Card | Fees: $0.00 1 CAD = 4.6924 CNY +1.05% vs mid-market | Recipient gets ¥4,692.40 Next Day | |
Ways to receive money in China with Remitbee when paying by debit card. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 4.6924 CNY ¥4,692.40You pay$1,000.00 | |||
| Remitbee Pay via Interac | Fees: $0.00 1 CAD = 4.6924 CNY +1.05% vs mid-market | Recipient gets ¥4,692.40 Next Day | |
Ways to receive money in China with Remitbee when paying by interac. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 4.6924 CNY ¥4,692.40You pay$1,000.00 | |||
| Remitbee Pay via Bill payment | Fees: $0.00 1 CAD = 4.6924 CNY +1.05% vs mid-market | Recipient gets ¥4,692.40 Next Day | |
Ways to receive money in China with Remitbee when paying by bill payment. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 4.6924 CNY ¥4,692.40You pay$1,000.00 | |||
| Remitbee Pay via Bank Transfer | Fees: $0.00 1 CAD = 4.6924 CNY +1.05% vs mid-market | Recipient gets ¥4,692.40 Next Day | |
Ways to receive money in China with Remitbee when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 4.6924 CNY ¥4,692.40You pay$1,000.00 | |||
 Koho Pay via Bank Transfer | Fees: $11.73 1 CAD = 4.7401 CNY +0.04% vs mid-market | Recipient gets ¥4,684.51 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 = 4.7401 CNY ¥4,684.51You pay$1,000.00 Mobile walletNext dayAvailable via:Alipay $13.141 CAD = 4.7401 CNY ¥4,677.83You pay$1,000.00 | |||
 Panda Remit Pay via Bank Transfer | Fees: $8.99 1 CAD = 4.7191 CNY +0.48% vs mid-market | Recipient gets ¥4,676.68 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 = 4.7191 CNY ¥4,676.68You pay$1,000.00 | |||
| Wise Pay via Bank Transfer | Fees: $15.46 1 CAD = 4.7415 CNY +0.01% vs mid-market | Recipient gets ¥4,668.18 Same day | |
Ways to receive money in China with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositSame dayAvailable via:Bank Transfer $15.461 CAD = 4.7415 CNY ¥4,668.18You pay$1,000.00 | |||
| $0 fee on first online transfers  MoneyGram Pay via Debit Card | Fees: $1.99 1 CAD = 4.6589 CNY +1.77% vs mid-market | Recipient gets ¥4,658.90 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 = 4.6589 CNY ¥4,658.90You pay$1,001.99 Card deposit6-12 HoursAvailable via:UnionPay Cards $4.991 CAD = 4.6512 CNY ¥4,651.20You pay$1,004.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Credit Card | Fees: $1.99 1 CAD = 4.6589 CNY +1.77% vs mid-market | Recipient gets ¥4,658.90 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 = 4.6589 CNY ¥4,658.90You pay$1,001.99 Card deposit6-12 HoursAvailable via:UnionPay Cards $4.991 CAD = 4.6512 CNY ¥4,651.20You pay$1,004.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Cash deposit | Fees: $1.99 1 CAD = 4.6589 CNY +1.77% vs mid-market | Recipient gets ¥4,658.90 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 = 4.6589 CNY ¥4,658.90You pay$1,001.99 Card deposit6-12 HoursAvailable via:UnionPay Cards $4.991 CAD = 4.6512 CNY ¥4,651.20You pay$1,004.99 | |||
 Moneycorp Pay via Bank Transfer | Fees: $0.00 1 CAD = 4.6471 CNY +2.00% vs mid-market | Recipient gets ¥4,647.15 Next Day | |
Ways to receive money in China with Moneycorp when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 4.6471 CNY ¥4,647.15You pay$1,000.00 | |||
| Wise Pay via Interac | Fees: $21.12 1 CAD = 4.7415 CNY +0.01% vs mid-market | Recipient gets ¥4,641.34 Within minutes | |
Ways to receive money in China with Wise when paying by interac. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $21.121 CAD = 4.7415 CNY ¥4,641.34You pay$1,000.00 | |||
 TapTap Send Pay via Debit Card | Fees: $0.00 1 CAD = 4.6200 CNY +2.61% vs mid-market | Recipient gets ¥4,620.00 Minutes | |
Ways to receive money in China with TapTap Send when paying by debit card. MethodFee & ratesRecipient gets Mobile walletMinutesAvailable via:Alipay, WeChat/Weixin Free1 CAD = 4.6200 CNY ¥4,620.00You pay$1,000.00 Card depositMinutesAvailable via:Bank China, UnionPay Free1 CAD = 4.6200 CNY ¥4,620.00You pay$1,000.00 Bank depositMinutesAvailable via:Banks (DEPRECATED) Free1 CAD = 4.6200 CNY ¥4,620.00You pay$1,000.00 | |||
| Wise Pay via Debit Card | Fees: $26.32 1 CAD = 4.7415 CNY +0.01% vs mid-market | Recipient gets ¥4,616.68 Within minutes | |
Ways to receive money in China with Wise when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $26.321 CAD = 4.7415 CNY ¥4,616.68You pay$1,000.00 | |||
| Wise Pay via Credit Card | Fees: $40.88 1 CAD = 4.7415 CNY +0.01% vs mid-market | Recipient gets ¥4,547.65 Within minutes | |
Ways to receive money in China with Wise when paying by credit card. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $40.881 CAD = 4.7415 CNY ¥4,547.65You pay$1,000.00 | |||
| How Our Results Work Mid-market rate: 1 CAD = 4.7420 CNY Updates every 60 minutes. | |||
Transfer details
Start with the cheapest, which is Remitly at 4,761.5 CNY on CA$1,000.
Remitly was the cheapest on 15 of the 29 days it quoted CA$1,000 transfers to China.
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, interac, credit card, bill payment, and cash deposit.
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.
How much CAD you send to China 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 Remitly was the cheapest in 52% of the transfers up to C$1,000 it quoted, and in 56% of all the transfers it quoted.
| Cheapest service | |||||
|---|---|---|---|---|---|
| $100 | -0.39% | $0.00 | ¥476.15with bank transfer to bank deposit | +¥15.03 | |
| $500 | -0.38% | $0.00 | ¥2,380.75with bank transfer to bank deposit | +¥41.36 | |
| $1,000This page | -0.41% | $0.00 | ¥4,761.50with bank transfer to bank deposit | +¥75.79 | |
| $3,000 | 0.02% | $0.00 | ¥14,227.50with bank transfer to bank deposit | +¥183.79 | |
| $10,000 | 0.27% | $0.00 | ¥47,293.35with bank transfer to bank deposit | +¥428.89 | |
| $50,000 | 0.25% | $0.00 | ¥236,570.59with bank transfer to bank deposit | +¥2,473.04 |
Mid-market rate: 1 CAD = 4.7420 CNY
The cheapest way to send CAD to CNY 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 Remitly), across 30 days of comparisons for 1,000 CAD transfers to China.
Wed, Oct 28, 2026Mid-market rate¥4,741.99 Remitly ¥4,761.50Remitly¥4,761.50Instarem¥4,733.00Western Union¥4,721.25
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.7306 | – | ¥4,730.65 | |
| | 4.7847 | $0.00 | ¥4,784.70 | +¥54.05 |
| | 4.7090 | $0.00 | ¥4,708.98 | −¥21.67 |
| | 4.6898 | $0.00 | ¥4,689.80 | −¥40.85 |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.7258 | – | ¥4,725.83 | |
| | 4.7847 | $0.00 | ¥4,784.70 | +¥58.87 |
| | 4.7002 | $0.00 | ¥4,700.17 | −¥25.66 |
| | 4.6932 | $0.00 | ¥4,693.20 | −¥32.63 |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.7077 | – | ¥4,707.68 | |
| | 4.7847 | $0.00 | ¥4,784.70 | +¥77.02 |
| | 4.6914 | $0.00 | ¥4,691.42 | −¥16.26 |
| | 4.6695 | $0.00 | ¥4,669.50 | −¥38.18 |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.7155 | – | ¥4,715.49 | |
| | 4.7847 | $0.00 | ¥4,784.70 | +¥69.21 |
| | 4.6943 | $0.00 | ¥4,694.28 | −¥21.21 |
| | 4.6806 | $0.00 | ¥4,680.60 | −¥34.89 |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.7054 | – | ¥4,705.44 | |
| | 4.7847 | $0.00 | ¥4,784.70 | +¥79.26 |
| | 4.6965 | $0.00 | ¥4,696.50 | −¥8.94 |
| | 4.6824 | $0.00 | ¥4,682.42 | −¥23.02 |
| | 4.6688 | $0.00 | ¥4,668.80 | −¥36.64 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.7051 | – | ¥4,705.11 | |
| | 4.7847 | $0.00 | ¥4,784.70 | +¥79.59 |
| | 4.6965 | $0.00 | ¥4,696.50 | −¥8.61 |
| | 4.6824 | $0.00 | ¥4,682.42 | −¥22.69 |
| | 4.6688 | $0.00 | ¥4,668.80 | −¥36.31 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.6972 | – | ¥4,697.15 | |
| | 4.7847 | $0.00 | ¥4,784.70 | +¥87.55 |
| | 4.6806 | $0.00 | ¥4,680.64 | −¥16.51 |
| | 4.6603 | $0.00 | ¥4,660.30 | −¥36.85 |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.6951 | – | ¥4,695.08 | |
| | 4.7847 | $0.00 | ¥4,784.70 | +¥89.62 |
| | 4.6772 | $0.00 | ¥4,677.20 | −¥17.88 |
| | 4.6597 | $0.00 | ¥4,659.70 | −¥35.38 |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.7144 | – | ¥4,714.43 | |
| | 4.7847 | $0.00 | ¥4,784.70 | +¥70.27 |
| | 4.7071 | $0.00 | ¥4,707.10 | −¥7.33 |
| | 4.6930 | $0.00 | ¥4,693.00 | −¥21.43 |
| | 4.6783 | $0.00 | ¥4,678.30 | −¥36.13 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.7023 | – | ¥4,702.34 | |
| | 4.7847 | $0.00 | ¥4,784.70 | +¥82.36 |
| | 4.6755 | $0.00 | ¥4,675.49 | −¥26.85 |
| | 4.6630 | $0.00 | ¥4,663.00 | −¥39.34 |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.7151 | – | ¥4,715.05 | |
| | 4.7847 | $0.00 | ¥4,784.70 | +¥69.65 |
| | 4.6822 | $0.00 | ¥4,682.21 | −¥32.84 |
| | 4.6761 | $0.00 | ¥4,676.10 | −¥38.95 |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.6923 | – | ¥4,692.28 | |
| | 4.7847 | $0.00 | ¥4,784.70 | +¥92.42 |
| | 4.6737 | $0.00 | ¥4,673.67 | −¥18.61 |
| | 4.6581 | $0.00 | ¥4,658.10 | −¥34.18 |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.6923 | – | ¥4,692.28 | |
| | 4.7847 | $0.00 | ¥4,784.70 | +¥92.42 |
| | 4.6858 | $0.00 | ¥4,685.80 | −¥6.48 |
| | 4.6737 | $0.00 | ¥4,673.67 | −¥18.61 |
| | 4.6581 | $0.00 | ¥4,658.10 | −¥34.18 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.6991 | – | ¥4,699.13 | |
| | 4.6780 | $0.00 | ¥4,677.98 | −¥21.15 |
| | 4.6737 | $0.00 | ¥4,673.67 | −¥25.46 |
| | 4.6631 | $0.00 | ¥4,663.10 | −¥36.03 |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.6911 | – | ¥4,691.09 | |
| | 4.7128 | $0.00 | ¥4,712.80 | +¥21.71 |
| | 4.6635 | $0.00 | ¥4,663.53 | −¥27.56 |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.7107 | – | ¥4,710.74 | |
| | 4.7313 | $0.00 | ¥4,731.30 | +¥20.56 |
| | 4.7027 | $0.00 | ¥4,702.70 | −¥8.04 |
| | 4.6821 | $0.00 | ¥4,682.15 | −¥28.59 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.7073 | – | ¥4,707.25 | |
| | 4.7270 | $0.00 | ¥4,727.00 | +¥19.75 |
| | 4.6782 | $0.00 | ¥4,678.20 | −¥29.05 |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | – | – | – | |
| | 4.7386 | $0.00 | ¥4,738.60 | – |
| | 4.6908 | $0.00 | ¥4,690.84 | – |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.7263 | – | ¥4,726.26 | |
| | 4.7072 | $0.00 | ¥4,707.17 | −¥19.09 |
| | 4.7061 | $0.00 | ¥4,706.10 | −¥20.16 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | – | – | – | |
| | 4.7499 | $0.00 | ¥4,749.90 | – |
| | 4.7207 | $0.00 | ¥4,720.70 | – |
| | 4.7061 | $0.00 | ¥4,706.10 | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.7463 | – | ¥4,746.32 | |
| | 4.7560 | $0.00 | ¥4,756.00 | +¥9.68 |
| | 4.7008 | $0.00 | ¥4,700.78 | −¥45.54 |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.7433 | – | ¥4,743.29 | |
| | 4.7666 | $0.00 | ¥4,766.60 | +¥23.31 |
| | 4.7363 | $0.00 | ¥4,736.30 | −¥6.99 |
| | 4.7118 | $0.00 | ¥4,711.77 | −¥31.52 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.7500 | – | ¥4,750.04 | |
| | 4.7717 | $0.00 | ¥4,771.70 | +¥21.66 |
| | 4.7435 | $0.00 | ¥4,743.50 | −¥6.53 |
| | 4.7240 | $0.00 | ¥4,724.05 | −¥25.98 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.7624 | – | ¥4,762.37 | |
| | 4.7791 | $0.00 | ¥4,779.10 | +¥16.74 |
| | 4.7520 | $0.00 | ¥4,752.00 | −¥10.36 |
| | 4.7282 | $0.00 | ¥4,728.21 | −¥34.15 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.7646 | – | ¥4,764.61 | |
| | 4.7827 | $0.00 | ¥4,782.70 | +¥18.09 |
| | 4.7532 | $0.00 | ¥4,753.20 | −¥11.41 |
| | 4.7388 | $0.00 | ¥4,738.85 | −¥25.76 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.7692 | – | ¥4,769.18 | |
| | 4.7830 | $0.00 | ¥4,783.00 | +¥13.82 |
| | 4.7392 | $0.00 | ¥4,739.19 | −¥29.99 |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.7692 | – | ¥4,769.18 | |
| | 4.7827 | $0.00 | ¥4,782.70 | +¥13.52 |
| | 4.7392 | $0.00 | ¥4,739.19 | −¥29.99 |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.7663 | – | ¥4,766.27 | |
| | 4.7779 | $0.00 | ¥4,777.90 | +¥11.63 |
| | 4.7366 | $0.00 | ¥4,736.57 | −¥29.70 |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.7556 | – | ¥4,755.63 | |
| | 4.7783 | $0.00 | ¥4,778.30 | +¥22.67 |
| | 4.7342 | $0.00 | ¥4,734.22 | −¥21.41 |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.7420 | – | ¥4,741.99 | |
| | 4.7615 | $0.00 | ¥4,761.50 | +¥19.51 |
| | 4.7330 | $0.00 | ¥4,733.00 | −¥8.99 |
| | 4.7212 | $0.00 | ¥4,721.25 | −¥20.74 |
| Exchange rate | Fees: | Recipient gets | Difference |
|---|
| Mid-market rate | 4.7420 | – | ¥4,741.99 | |
|---|---|---|---|---|
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Each line shows what the recipient gets when you send $1,000, after fees, as quoted by each company. The mid-market line shows what $1,000 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 CNY per CAD than the mid-market rate can offer.
This could be due to money transfer offers, FX rate adjustments, or market competitiveness.
In the past month, a money transfer company beat the mid-market rate on 26 of the last 30 days.
Right now, Remitly pays 4,761.5 CNY on 1,000 CAD, which is 19.51 CNY more than the mid-market amount, so it's a good deal (pretty much free money).
Today's payout isn't the best this month though, since the highest receive amount was 4,784.7 CNY.
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.
If you need to send money now, it's a good time to send.
Just because a company is the cheapest today doesn't mean it's always the best option for sending money to China.
We've tracked 180 comparisons to check how often today's top companies were the cheapest across 6 amounts over the past month.
Cheapest every time
Never the cheapest
Cheapest in 4% of them
Based on 42 comparisons across 6 amounts over the last 7 days.
Cheapest in 56% of them
Cheapest in 3% of them
Cheapest in 1% of them
Based on 180 comparisons across 6 amounts over the last 30 days.
Cheapest in 33% of them
Cheapest in 29% of them
Cheapest in 8% of them
Based on 360 comparisons across 10 amounts over the last 90 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 analyze companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).
Today Remitly is the cheapest and gets you the most CNY, and it was also the cheapest in 56% of the 104 comparisons it appeared in over the past month.
It's a good pick for both one-off and regular transfers to China.
There are 12 companies sending money to China, 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.
Remitly charges CA$0 in fees and adds -0.41% markup, so your CA$1,000 delivers 4,761.5 CNY in within a week.
Over the past month, Remitly was the cheapest app on 52% of the days it appeared for CA$1,000 transfers.
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 the 12 companies we compared, Remitly is the cheapest online service and currently gets you 4,761.5 CNY on a CA$1,000 transfer after a CA$0 fee and -0.41% markup.
In our comparisons over the past month, it was the cheapest online service on 15 of the 29 days it quoted.
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.
Our analysis shows OFX was the cheapest broker in 61% of all the transfers it quoted.
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 CA$1,000 for CA$11.73 in fees with 0.04% markup.
It's a good option for small occasional transfers, but I still suggest .
Our data shows Koho came out cheapest among challenger banks on 100% of days in the past month.
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 $15.46 in fees at 0.01% markup, which gets you 4,668.18 CNY.
Over the past month, it came out cheapest among multi-currency accounts on 100% of days.
With Remitly, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending CA$1,000 gives your recipient 4,761.5 CNY.
Deposit CAD using bank transfer, debit card, interac, credit card, bill payment, and cash deposit.
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 CA$1,000.00
元4,762
Cheapest
You pay CA$1,000.00
元4,762
元0
You pay CA$1,000.00
元4,723
-元38
You pay CA$1,020.00
元4,723
-元38
You pay CA$1,000.00
元4,692
-元69
You pay CA$1,000.00
元4,678
-元84
You pay CA$1,001.99
元4,659
-元103
You pay CA$1,001.99
元4,659
-元103
You pay CA$1,001.99
元4,659
-元103
You pay CA$1,004.99
元4,651
-元110
You pay CA$1,004.99
元4,651
-元110
You pay CA$1,004.99
元4,651
-元110
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 CA$1,000 transfer to China, these are the cheapest, fastest and easiest options available now.
Best way to send money to China
Remitly is the cheapest and easiest option, funded by bank transfer with bank deposit for the payout. Your recipient gets 4,761.5 CNY, which is 0.6% 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 mobile wallet for the payout. The transfer delivers 4,620 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.
Most of the pricing here comes straight from the companies, and anything we gather by hand is labelled in the table.
That covers 12 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.
In the past 30 days alone, we analyzed 180 comparisons across 6 amounts.
This page covers the cheapest and fastest options for CAD/CNY 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 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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