Best companies for CAD/HKD transfers
16 of 16 providers Last updated on 10 November 2026
Based on 1,000 CAD transfer Best companies for CAD/HKD transfers Sort Cheapest
Ad Wise Pay via Bank Transfer	Fees: $6.95 1 CAD = 5.5565 HKD -0.01% vs mid-market	Recipient gets $5,517.90 Next day
25 reviews Receive to bank accountDedicated support for large transfers
Ways to receive money in Hong Kong with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext dayAvailable via:Bank Transfer $6.951 CAD = 5.5565 HKD $5,517.90You pay$1,000.00
Ad Instarem Pay via Interac	Fees: $0.00 1 CAD = 5.5476 HKD +0.15% vs mid-market	Recipient gets $5,547.60 6-12 Hours
7 reviews Receive to bank account
Ways to receive money in Hong Kong with Instarem when paying by interac. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 5.5476 HKD $5,547.60You pay$1,000.00
Run a live search Showing top Canada to Hong Kong 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 HKD rates.
Run a live search These companies offer multi-currency accounts for spending HKD. We suggest doing a live search based on how much CAD you're planning to spend in Hong Kong.
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 Debit Card	Fees: $0.00 1 CAD = 5.5895 HKD -0.60% vs mid-market	Recipient gets $5,589.50 Within minutes
19 reviews CheapestFastest Receive to bank account or cash pickup
Ways to receive money in Hong Kong with Remitly when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin minutes Free1 CAD = 5.5895 HKD $5,589.50You pay$1,000.00

Remitly Pay via Bank Transfer	Fees: $0.00 1 CAD = 5.5895 HKD -0.60% vs mid-market	Recipient gets $5,589.50 Within a week
19 reviews Receive to bank account or cash pickup
Ways to receive money in Hong Kong with Remitly when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin a week Free1 CAD = 5.5895 HKD $5,589.50You pay$1,000.00
Remitly Pay via Interac	Fees: $0.00 1 CAD = 5.5895 HKD -0.60% vs mid-market	Recipient gets $5,589.50 Within a week
19 reviews Receive to bank account or cash pickup
Ways to receive money in Hong Kong with Remitly when paying by interac. MethodFee & ratesRecipient gets Bank depositWithin a week Free1 CAD = 5.5895 HKD $5,589.50You pay$1,000.00
Remitly Pay via Credit Card	Fees: $20.00 1 CAD = 5.5895 HKD -0.60% vs mid-market	Recipient gets $5,589.50 Within minutes
19 reviews Receive to bank account or cash pickup
Ways to receive money in Hong Kong with Remitly when paying by credit card. MethodFee & ratesRecipient gets Bank depositWithin minutes $20.001 CAD = 5.5895 HKD $5,589.50You pay$1,020.00
Instarem Pay via Interac	Fees: $0.00 1 CAD = 5.5476 HKD +0.15% vs mid-market	Recipient gets $5,547.60 6-12 Hours
7 reviews Receive to bank account
Ways to receive money in Hong Kong with Instarem when paying by interac. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 5.5476 HKD $5,547.60You pay$1,000.00
Koho Pay via Bank Transfer	Fees: $3.92 1 CAD = 5.5559 HKD 0.00% vs mid-market	Recipient gets $5,534.14 Within minutes
0 reviews Receive to bank account
Ways to receive money in Hong Kong with Koho when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $3.921 CAD = 5.5559 HKD $5,534.14You pay$1,000.00 FPSWithin minutesAvailable via:FPS $3.921 CAD = 5.5559 HKD $5,534.14You pay$1,000.00
Currencies Direct Pay via Bank Transfer	Fees: $0.00 1 CAD = 5.5264 HKD +0.53% vs mid-market	Recipient gets $5,526.40 6-12 Hours
3 reviews Receive to bank account
Ways to receive money in Hong Kong with Currencies Direct when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 5.5264 HKD $5,526.40You pay$1,000.00
OFX Pay via Bank Transfer	Fees: $0.00 1 CAD = 5.5197 HKD +0.65% vs mid-market	Recipient gets $5,519.67 6-12 Hours
7 reviews Receive to bank account
Ways to receive money in Hong Kong with OFX when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 5.5197 HKD $5,519.67You pay$1,000.00
Wise Pay via Bank Transfer	Fees: $6.95 1 CAD = 5.5565 HKD -0.01% vs mid-market	Recipient gets $5,517.90 Next day
25 reviews Our top pick Receive to bank accountDedicated support for large transfers
Ways to receive money in Hong Kong with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext dayAvailable via:Bank Transfer $6.951 CAD = 5.5565 HKD $5,517.90You pay$1,000.00
Remitbee Pay via Interac	Fees: $0.00 1 CAD = 5.5090 HKD +0.85% vs mid-market	Recipient gets $5,509.00 Next Day
0 reviews
Ways to receive money in Hong Kong with Remitbee when paying by interac. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 5.5090 HKD $5,509.00You pay$1,000.00

Remitbee Pay via Bill payment	Fees: $0.00 1 CAD = 5.5090 HKD +0.85% vs mid-market	Recipient gets $5,509.00 Next Day
0 reviews
Ways to receive money in Hong Kong with Remitbee when paying by bill payment. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 5.5090 HKD $5,509.00You pay$1,000.00
Remitbee Pay via Bank Transfer	Fees: $0.00 1 CAD = 5.5090 HKD +0.85% vs mid-market	Recipient gets $5,509.00 Next Day
0 reviews
Ways to receive money in Hong Kong with Remitbee when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 5.5090 HKD $5,509.00You pay$1,000.00
Panda Remit Pay via Bank Transfer	Fees: $8.99 1 CAD = 5.5514 HKD +0.08% vs mid-market	Recipient gets $5,501.49 6-12 Hours
0 reviews
Ways to receive money in Hong Kong with Panda Remit when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $8.991 CAD = 5.5514 HKD $5,501.49You pay$1,000.00
CurrencyFair Pay via Bank Transfer	Fees: $4.50 1 CAD = 5.5180 HKD +0.68% vs mid-market	Recipient gets $5,493.00 6-12 Hours
3 reviews Receive to bank account
Ways to receive money in Hong Kong with CurrencyFair when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $4.501 CAD = 5.5180 HKD $5,493.00You pay$1,000.00
Wise Pay via Interac	Fees: $12.65 1 CAD = 5.5565 HKD -0.01% vs mid-market	Recipient gets $5,486.23 Within minutes
25 reviews Receive to bank accountDedicated support for large transfers
Ways to receive money in Hong Kong with Wise when paying by interac. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $12.651 CAD = 5.5565 HKD $5,486.23You pay$1,000.00
Paysend Pay via Debit Card	Fees: $0.00 1 CAD = 5.4608 HKD +1.72% vs mid-market	Recipient gets $5,460.79 6-12 Hours
0 reviews
Ways to receive money in Hong Kong with Paysend when paying by debit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 5.4608 HKD $5,460.79You pay$1,000.00

Paysend Pay via Credit Card	Fees: $0.00 1 CAD = 5.4608 HKD +1.72% vs mid-market	Recipient gets $5,460.79 6-12 Hours
0 reviews
Ways to receive money in Hong Kong with Paysend when paying by credit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 5.4608 HKD $5,460.79You pay$1,000.00
Ria Money Transfer Pay via Debit Card	Fees: $2.00 1 CAD = 5.4716 HKD +1.53% vs mid-market	Recipient gets $5,460.66 6-12 Hours
0 reviews
Ways to receive money in Hong Kong with Ria Money Transfer when paying by debit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $2.001 CAD = 5.4716 HKD $5,460.66You pay$1,000.00 Cash pickup6-12 Hours $2.001 CAD = 5.4716 HKD $5,460.66You pay$1,000.00
Remitbee Pay via Debit Card	Fees: $8.99 1 CAD = 5.5090 HKD +0.85% vs mid-market	Recipient gets $5,459.47 Next Day
0 reviews
Ways to receive money in Hong Kong with Remitbee when paying by debit card. MethodFee & ratesRecipient gets Bank depositNext Day $8.991 CAD = 5.5090 HKD $5,459.47You pay$1,000.00
Wise Pay via Debit Card	Fees: $17.97 1 CAD = 5.5565 HKD -0.01% vs mid-market	Recipient gets $5,456.67 Within minutes
25 reviews Receive to bank accountDedicated support for large transfers
Ways to receive money in Hong Kong with Wise when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $17.971 CAD = 5.5565 HKD $5,456.67You pay$1,000.00
Moneycorp Pay via Bank Transfer	Fees: $0.00 1 CAD = 5.4447 HKD +2.00% vs mid-market	Recipient gets $5,444.67 Next Day
0 reviews
Ways to receive money in Hong Kong with Moneycorp when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 5.4447 HKD $5,444.67You pay$1,000.00
Western Union Pay via Debit Card	Fees: $0.00 1 CAD = 5.4409 HKD +2.09% vs mid-market	Recipient gets $5,440.86 Next Day
8 reviews Receive to bank account or cash pickup
Ways to receive money in Hong Kong with Western Union when paying by debit card. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 5.4409 HKD $5,440.86You pay$1,000.00

Western Union Pay via Bank Transfer	Fees: $0.00 1 CAD = 5.4409 HKD +2.09% vs mid-market	Recipient gets $5,440.86 Next Day
8 reviews Receive to bank account or cash pickup
Ways to receive money in Hong Kong with Western Union when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 5.4409 HKD $5,440.86You pay$1,000.00
$0 fee on first online transfers MoneyGram Pay via Debit Card	Fees: $5.99 1 CAD = 5.4313 HKD +2.27% vs mid-market	Recipient gets $5,431.30 6-12 Hours
2 reviews
Ways to receive money in Hong Kong with MoneyGram when paying by debit card. MethodFee & ratesRecipient gets Cash pickup6-12 Hours $5.991 CAD = 5.4313 HKD $5,431.30You pay$1,005.99

$0 fee on first online transfers MoneyGram Pay via Credit Card	Fees: $5.99 1 CAD = 5.4313 HKD +2.27% vs mid-market	Recipient gets $5,431.30 6-12 Hours
2 reviews
Ways to receive money in Hong Kong with MoneyGram when paying by credit card. MethodFee & ratesRecipient gets Cash pickup6-12 Hours $5.991 CAD = 5.4313 HKD $5,431.30You pay$1,005.99
$0 fee on first online transfers MoneyGram Pay via Cash deposit	Fees: $5.99 1 CAD = 5.4313 HKD +2.27% vs mid-market	Recipient gets $5,431.30 6-12 Hours
2 reviews
Ways to receive money in Hong Kong with MoneyGram when paying by cash deposit. MethodFee & ratesRecipient gets Cash pickup6-12 Hours $5.991 CAD = 5.4313 HKD $5,431.30You pay$1,005.99
Ria Money Transfer Pay via Credit Card	Fees: $9.00 1 CAD = 5.4716 HKD +1.53% vs mid-market	Recipient gets $5,422.36 6-12 Hours
0 reviews
Ways to receive money in Hong Kong with Ria Money Transfer when paying by credit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $9.001 CAD = 5.4716 HKD $5,422.36You pay$1,000.00 Cash pickup6-12 Hours $9.001 CAD = 5.4716 HKD $5,422.36You pay$1,000.00
RBC Pay via Bank Transfer	Fees: $0.00 1 CAD = 5.4126 HKD +2.61% vs mid-market	Recipient gets $5,412.62 6-12 Hours
0 reviews
Ways to receive money in Hong Kong with RBC when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 5.4126 HKD $5,412.62You pay$1,000.00
TD Bank Pay via Bank Transfer	Fees: $0.00 1 CAD = 5.4037 HKD +2.78% vs mid-market	Recipient gets $5,403.70 6-12 Hours
0 reviews
Ways to receive money in Hong Kong with TD Bank when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 5.4037 HKD $5,403.70You pay$1,000.00
Wise Pay via Credit Card	Fees: $32.72 1 CAD = 5.5565 HKD -0.01% vs mid-market	Recipient gets $5,374.71 Within minutes
25 reviews Receive to bank accountDedicated support for large transfers
Ways to receive money in Hong Kong with Wise when paying by credit card. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $32.721 CAD = 5.5565 HKD $5,374.71You pay$1,000.00
How Our Results Work Mid-market rate: 1 CAD = 5.5558 HKD Updates every 60 minutes.

Why compare

CAD/HKD exchange rate

Best ways to pay & receive

Transfer speed

How to send money from Canada to Hong Kong

Pick a company

Start with the cheapest, which is Remitly at 5,589.50 HKD on CA$1,000.

Remitly was the cheapest on 29 of the 30 days it quoted CA$1,000 transfers to Hong Kong.

More than half of Canadians sending money still pay at a store counter. The same company is often cheaper online.

Fund your transfer

You have 6 ways to pay, including bank transfer, debit card, credit card, interac, 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.

Verify and send

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.

Compare amounts

How much CAD are you sending to Hong Kong?

How much CAD you send to Hong Kong 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 94% of the transfers up to CA$1,000 it quoted, and in 95% of all the transfers it quoted.


$100	-0.63%	$0.00	$559.40with debit card to bank deposit	+$18.59
$500	-0.61%	$0.00	$2,796.00with debit card to bank deposit	+$59.66
$1,000This page	-0.60%	$0.00	$5,589.50with debit card to bank deposit	+$104.72
$3,000	0.05%	$0.00	$16,662.00with debit card to bank deposit	+$197.59
$10,000	0.25%	$0.00	$55,416.37with bank transfer to bank deposit	+$418.95
$50,000	0.20%	$0.00	$277,405.28with bank transfer to bank deposit	+$2,182.42

Mid-market rate: 1 CAD = 5.5558 HKD

CAD/HKD Exchange Rate History

Is today a good time to send money from Canada to Hong Kong?

The cheapest way to send CAD to HKD 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 Hong Kong.

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. The bank line is the cheapest bank available on each day.

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 HKD 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 30 of the last 30 days.

Right now, Remitly pays 5,589.50 HKD on 1,000 CAD, which is 33.71 HKD 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 5,654.80 HKD.

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.

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 Hong Kong.

We've tracked 180 comparisons to check how often today's top companies were the cheapest across 6 amounts over the past month.

RemitlyAppeared in 111 comparisons
Cheapest in 95% of them
InstaremAppeared in 40 comparisons
Cheapest in 8% of them
KohoAppeared in 125 comparisons
Cheapest in 6% of them
RBCAppeared in 86 comparisons
Never the cheapest

Based on 180 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 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 HKD, and it was also the cheapest in 95% of the 111 comparisons it appeared in over the past month.

It's a good pick for both one-off and regular transfers to Hong Kong.

Ways to send money from Canada to Hong Kong

There are 16 companies sending money to Hong Kong, but how you send depends on your needs.

Most common option

In-person transfers

Hand your cash over the counter and your recipient can collect it the same day without needing an app or bank account.

Bring CA$1,000 in cash to the closest Remitly location, and your recipient picks up 5,589.50 HKD within minutes.

Our data shows Remitly came out cheapest among in-person options on 97% of days in the past month.

Cash transfers cost more

Cash transfer to Hong Kong is usually the most expensive option, compare your options above to get the best deal.

For transfers home

Money transfer apps

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 -0.6% markup, so your CA$1,000 delivers 5,589.50 HKD in within an hour.

Over the past month, Remitly was the cheapest app on 97% 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

Online transfers

For bigger or less frequent transfers, compare a couple of online services on the day, and pick the cheapest.

Of the 16 companies we compared, Remitly is the cheapest online service and currently gets you 5,589.50 HKD on a CA$1,000 transfer after a CA$0 fee and -0.6% markup.

In our comparisons over the past month, it was the cheapest online service on 29 of the 30 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.

The most expensive way

Banks

A wire from your bank carries a $30 to $80 fee, plus another 1.5 to 3% inside the exchange rate that you won't see itemized anywhere.

On a CA$1,000 transfer, a bank like RBC delivers 5,412.62 HKD, against 5,589.50 HKD with Remitly.

We found RBC was the cheapest bank on 30 of the 30 days it appeared for this amount.

The wire can feel like the safer choice for a big amount, but bank deposit insurance and the safeguards used by money transfer companies are just as safe, just different protections.

For large transfers from Canada

Currency brokers

For property, tuition, moving from Canada, or an inheritance, a broker is the best and usually the cheapest option.

Brokers like Currencies Direct charge no fees but add 0.53% on CAD/HKD interbank rate.

The markup gets lower the more you send, with an account manager handling it end to end.

Our analysis shows Currencies Direct was the cheapest broker in 66% 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

Challenger banks

Some neobanks in Canada include international transfers with no transfer fee as part of the account.

Koho sends your CA$1,000 for CA$3.92 in fees with 0% 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

Global accounts handle the business side, paying suppliers, contractors and overseas invoices in HKD.

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

Multi-currency accounts

If part of your life runs in HKD, be it spending it, saving it, or waiting for a better rate, a multi-currency account can hold it alongside your CAD.

Currencies Direct lets you hold CAD and HKD, and convert between them at low cost.

For example, converting $1,000 costs $0 in fees at 0.53% markup, which gets you 5,526.40 HKD.

Over the past month, it came out cheapest among multi-currency accounts on 100% of days.

Ways to fund CAD and receive HKD in Hong Kong

With Remitly, paying by debit card and receiving through bank deposit is the cheapest combination. Sending CA$1,000 gives your recipient 5,589.50 HKD.

Our data shows that Remitly gets your recipient 176.88 HKD more than RBC, today's cheapest bank, on the same CA$1,000.

Deposit CAD using bank transfer, debit card, credit card, interac, 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 HKD through bank deposit, cash pickup, and FPS.

For a bank deposit payout, you will need the recipient's bank details in Hong Kong.

1

debit card Bank deposit

You pay CA$1,000.00

HK$5,590

Cheapest
2

Bank transfer Bank deposit

You pay CA$1,000.00

HK$5,590

HK$0
3

Interac Bank deposit

You pay CA$1,000.00

HK$5,590

HK$0
4

credit card Bank deposit

You pay CA$1,020.00

HK$5,590

HK$0
5

Bank transfer FPS

You pay CA$1,000.00

HK$5,534

-HK$55

Show moreShow less

6

Bill payment Bank deposit

You pay CA$1,000.00

HK$5,509

-HK$81
7

debit card Cash pickup

You pay CA$1,000.00

HK$5,461

-HK$129
8

credit card Cash pickup

You pay CA$1,005.99

HK$5,431

-HK$158
9

Cash deposit Cash pickup

You pay CA$1,005.99

HK$5,431

-HK$158

Consider this when sending CAD to Hong Kong

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.

Compare CAD/HKD transfer options

For a CA$1,000 transfer to Hong Kong, these are the cheapest, fastest and easiest options available now.

Best way to send money to Hong Kong

Remitly is the cheapest and easiest option, funded by debit card with bank deposit for the payout. Your recipient gets 5,589.50 HKD, which is 0.75% more than the next best option.

Fastest way to send money to Hong Kong

Remitly is fastest when you pay by debit card and choose bank deposit for the payout. The transfer delivers 5,589.50 HKD in within an hour.

Interac only works inside Canada

An Interac e-Transfer cannot go directly to a recipient in Hong Kong.

When a transfer company accepts Interac, you send CAD to its Canadian account and the company handles the international side over its own network.

C$10,000 reporting threshold

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.

CDIC protection

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.

How we analyse the market

Most of the pricing here comes straight from the companies, and anything we gather by hand is labelled in the table.

That covers 16 FINTRAC-registered companies sending CAD to Hong Kong, 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/HKD 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.

Send money from Canada

Send money to Hong Kong

Mon, Oct 12, 2026	Exchange rate	Fees:	Recipient gets	Difference
Mid-market rate	5.5098	–	$5,509.80
Panda Remit Cheapest	5.6505	$8.99	$5,599.70	+$89.90
Remitly	5.4914	$0.00	$5,491.40	−$18.40
Koho	5.5090	$3.92	$5,487.42	−$22.38
RBC	5.3688	$0.00	$5,368.77	−$141.03
Instarem No quote collected this day	–	–	–	–

Tue, Oct 13, 2026	Exchange rate	Fees:	Recipient gets	Difference
Mid-market rate	5.5008	–	$5,500.78
Remitly Cheapest	5.5378	$0.00	$5,537.80	+$37.02
Instarem	5.4925	$0.00	$5,492.50	−$8.28
Koho	5.5008	$3.92	$5,479.26	−$21.52
RBC	5.3492	$0.00	$5,349.25	−$151.53

Wed, Oct 14, 2026	Exchange rate	Fees:	Recipient gets	Difference
Mid-market rate	5.5246	–	$5,524.62
Remitly Cheapest	5.5604	$0.00	$5,560.40	+$35.78
Instarem	5.5149	$0.00	$5,514.90	−$9.72
Koho	5.5232	$3.92	$5,501.57	−$23.05
RBC	5.3743	$0.00	$5,374.31	−$150.30

Thu, Oct 15, 2026	Exchange rate	Fees:	Recipient gets	Difference
Mid-market rate	5.5192	–	$5,519.21
Remitly Cheapest	5.5551	$0.00	$5,555.10	+$35.89
Instarem	5.5098	$0.00	$5,509.80	−$9.41
Koho	5.5181	$3.92	$5,496.49	−$22.72
RBC	5.3777	$0.00	$5,377.67	−$141.54

Fri, Oct 16, 2026	Exchange rate	Fees:	Recipient gets	Difference
Mid-market rate	5.5369	–	$5,536.87
Remitly Cheapest	5.5721	$0.00	$5,572.10	+$35.23
Instarem	5.5272	$0.00	$5,527.20	−$9.67
Koho	5.5355	$3.92	$5,513.82	−$23.05
RBC	5.3777	$0.00	$5,377.67	−$159.20

Sat, Oct 17, 2026	Exchange rate	Fees:	Recipient gets	Difference
Mid-market rate	5.5437	–	$5,543.74
Remitly Cheapest	5.5868	$0.00	$5,586.80	+$43.06
Instarem	5.5411	$0.00	$5,541.10	−$2.64
Koho	5.5494	$3.92	$5,527.67	−$16.07
RBC	5.3996	$0.00	$5,399.57	−$144.17

Sun, Oct 18, 2026	Exchange rate	Fees:	Recipient gets	Difference
Mid-market rate	5.5435	–	$5,543.46
Remitly Cheapest	5.5864	$0.00	$5,586.40	+$42.94
Koho	5.5494	$3.92	$5,527.67	−$15.79
RBC	5.3996	$0.00	$5,399.57	−$143.89
Instarem No quote collected this day	–	–	–	–

Mon, Oct 19, 2026	Exchange rate	Fees:	Recipient gets	Difference
Mid-market rate	5.5674	–	$5,567.39
Remitly Cheapest	5.6025	$0.00	$5,602.50	+$35.11
Koho	5.5667	$3.92	$5,544.90	−$22.49
RBC	5.4071	$0.00	$5,407.11	−$160.28
Instarem No quote collected this day	–	–	–	–

Tue, Oct 20, 2026	Exchange rate	Fees:	Recipient gets	Difference
Mid-market rate	5.5739	–	$5,573.90
Remitly Cheapest	5.6095	$0.00	$5,609.50	+$35.60
Koho	5.5731	$3.92	$5,551.27	−$22.63
RBC	5.4324	$0.00	$5,432.36	−$141.54
Instarem No quote collected this day	–	–	–	–

Wed, Oct 21, 2026	Exchange rate	Fees:	Recipient gets	Difference
Mid-market rate	5.5819	–	$5,581.90
Remitly Cheapest	5.6166	$0.00	$5,616.60	+$34.70
Koho	5.5805	$3.92	$5,558.64	−$23.26
RBC	5.4342	$0.00	$5,434.19	−$147.71
Instarem No quote collected this day	–	–	–	–

Thu, Oct 22, 2026	Exchange rate	Fees:	Recipient gets	Difference
Mid-market rate	5.5929	–	$5,592.87
Remitly Cheapest	5.6271	$0.00	$5,627.10	+$34.23
Koho	5.5921	$3.92	$5,570.20	−$22.67
RBC	5.4425	$0.00	$5,442.54	−$150.33
Instarem No quote collected this day	–	–	–	–

Fri, Oct 23, 2026	Exchange rate	Fees:	Recipient gets	Difference
Mid-market rate	5.5934	–	$5,593.43
Remitly Cheapest	5.6272	$0.00	$5,627.20	+$33.77
Koho	5.5935	$3.92	$5,571.59	−$21.84
RBC	5.4425	$0.00	$5,442.54	−$150.89
Instarem No quote collected this day	–	–	–	–

Sat, Oct 24, 2026	Exchange rate	Fees:	Recipient gets	Difference
Mid-market rate	5.6007	–	$5,600.68
Remitly Cheapest	5.6285	$0.00	$5,628.50	+$27.82
Koho	5.5991	$3.92	$5,577.17	−$23.51
RBC	5.4496	$0.00	$5,449.59	−$151.09
Instarem No quote collected this day	–	–	–	–

Mon, Oct 26, 2026	Exchange rate	Fees:	Recipient gets	Difference
Mid-market rate	5.5983	–	$5,598.33
Remitly Cheapest	5.6276	$0.00	$5,627.60	+$29.27
Koho	5.5974	$3.92	$5,575.48	−$22.85
RBC	5.4529	$0.00	$5,452.94	−$145.39
Instarem No quote collected this day	–	–	–	–

Tue, Oct 27, 2026	Exchange rate	Fees:	Recipient gets	Difference
Mid-market rate	5.5938	–	$5,593.77
Remitly Cheapest	5.6252	$0.00	$5,625.20	+$31.43
Instarem	5.5852	$0.00	$5,585.20	−$8.57
Koho	5.5928	$3.92	$5,570.90	−$22.87
RBC	5.4467	$0.00	$5,446.70	−$147.07

Wed, Oct 28, 2026	Exchange rate	Fees:	Recipient gets	Difference
Mid-market rate	5.5785	–	$5,578.48
Remitly Cheapest	5.6085	$0.00	$5,608.50	+$30.02
Instarem	5.5687	$0.00	$5,568.70	−$9.78
Koho	5.5779	$3.92	$5,556.05	−$22.43
RBC	5.4304	$0.00	$5,430.36	−$148.12

Thu, Oct 29, 2026	Exchange rate	Fees:	Recipient gets	Difference
Mid-market rate	5.6081	–	$5,608.08
Remitly Cheapest	5.6385	$0.00	$5,638.50	+$30.42
Koho	5.6073	$3.92	$5,585.34	−$22.74
RBC	5.4541	$0.00	$5,454.06	−$154.02
Instarem No quote collected this day	–	–	–	–

Fri, Oct 30, 2026	Exchange rate	Fees:	Recipient gets	Difference
Mid-market rate	5.6131	–	$5,613.11
Remitly Cheapest	5.6427	$0.00	$5,642.70	+$29.59
Instarem	5.6040	$0.00	$5,604.00	−$9.11
Koho	5.6124	$3.92	$5,590.42	−$22.69
RBC	5.4656	$0.00	$5,465.56	−$147.55

Sat, Oct 31, 2026	Exchange rate	Fees:	Recipient gets	Difference
Mid-market rate	5.6144	–	$5,614.40
Remitly Cheapest	5.6444	$0.00	$5,644.40	+$30.00
Instarem	5.6050	$0.00	$5,605.00	−$9.40
Koho	5.6134	$3.92	$5,591.42	−$22.98
RBC	5.4728	$0.00	$5,472.82	−$141.58

Mon, Nov 2, 2026	Exchange rate	Fees:	Recipient gets	Difference
Mid-market rate	5.6110	–	$5,610.99
Remitly Cheapest	5.6430	$0.00	$5,643.00	+$32.01
Instarem	5.6024	$0.00	$5,602.40	−$8.59
Koho	5.6108	$3.92	$5,588.83	−$22.16
RBC	5.4579	$0.00	$5,457.92	−$153.07

Tue, Nov 3, 2026	Exchange rate	Fees:	Recipient gets	Difference
Mid-market rate	5.6157	–	$5,615.70
Remitly Cheapest	5.6481	$0.00	$5,648.10	+$32.40
Instarem	5.6069	$0.00	$5,606.90	−$8.80
Koho	5.6153	$3.92	$5,593.31	−$22.39
RBC	5.4656	$0.00	$5,465.55	−$150.15

Wed, Nov 4, 2026	Exchange rate	Fees:	Recipient gets	Difference
Mid-market rate	5.6158	–	$5,615.81
Remitly Cheapest	5.6479	$0.00	$5,647.90	+$32.09
Instarem	5.6062	$0.00	$5,606.20	−$9.61
Koho	5.6146	$3.92	$5,592.61	−$23.20
RBC	5.4656	$0.00	$5,465.55	−$150.26

Thu, Nov 5, 2026	Exchange rate	Fees:	Recipient gets	Difference
Mid-market rate	5.6240	–	$5,623.99
Remitly Cheapest	5.6548	$0.00	$5,654.80	+$30.81
Instarem	5.6148	$0.00	$5,614.80	−$9.19
Koho	5.6232	$3.92	$5,601.18	−$22.81
RBC	5.4806	$0.00	$5,480.63	−$143.36

Fri, Nov 6, 2026	Exchange rate	Fees:	Recipient gets	Difference
Mid-market rate	5.5782	–	$5,578.19
Remitly Cheapest	5.6115	$0.00	$5,611.50	+$33.31
Instarem	5.5694	$0.00	$5,569.40	−$8.79
Koho	5.5778	$3.92	$5,555.95	−$22.24
RBC	5.4284	$0.00	$5,428.44	−$149.75

Sat, Nov 7, 2026	Exchange rate	Fees:	Recipient gets	Difference
Mid-market rate	5.5565	–	$5,556.49
Remitly Cheapest	5.5818	$0.00	$5,581.80	+$25.31
Instarem	5.5395	$0.00	$5,539.50	−$16.99
Koho	5.5478	$3.92	$5,526.07	−$30.42
RBC	5.3996	$0.00	$5,399.57	−$156.92

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