Paysend is the cheapest way to send money from Canada to Japan based on the 14 companies we analyzed, giving your recipient 110,679.66 JPY from $1,000.
| 14 of 14 providers Last updated on 28 September 2026 | |||
| Based on 1,000 CAD transfer Best companies for CAD/JPY transfers | |||
| Ad  Wise Pay via Bank Transfer | Fees: $8.72 1 CAD = 111.2480 JPY +0.01% vs mid-market | Recipient gets ¥110,278.00 Next day | |
Ways to receive money in Japan with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext dayAvailable via:Bank Transfer $8.721 CAD = 111.2480 JPY ¥110,278.00You pay$1,000.00 | |||
| Ad  MoneyGram Pay via Debit Card | Fees: $5.99 1 CAD = 109.3114 JPY +1.77% vs mid-market | Recipient gets ¥109,311.40 6-12 Hours | |
Ways to receive money in Japan with MoneyGram when paying by debit card. MethodFee & ratesRecipient gets Cash pickup6-12 Hours $5.991 CAD = 109.3114 JPY ¥109,311.40You pay$1,005.99 | |||
Run a live search Showing top Canada to Japan 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 JPY rates. | |||
Run a live search These companies offer multi-currency accounts for spending JPY. We suggest doing a live search based on how much CAD you're planning to spend in Japan. | |||
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. | |||
 Paysend Pay via Debit Card | Fees: $0.00 1 CAD = 110.6797 JPY +0.52% vs mid-market | Recipient gets ¥110,679.66 6-12 Hours | |
Ways to receive money in Japan with Paysend when paying by debit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 110.6797 JPY ¥110,679.66You pay$1,000.00 | |||
| Paysend Pay via Credit Card | Fees: $0.00 1 CAD = 110.6797 JPY +0.52% vs mid-market | Recipient gets ¥110,679.66 6-12 Hours | |
Ways to receive money in Japan with Paysend when paying by credit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 110.6797 JPY ¥110,679.66You pay$1,000.00 | |||
 Currencies Direct Pay via Bank Transfer | Fees: $0.00 1 CAD = 110.5632 JPY +0.63% vs mid-market | Recipient gets ¥110,563.00 6-12 Hours | |
Ways to receive money in Japan with Currencies Direct when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 110.5632 JPY ¥110,563.00You pay$1,000.00 | |||
 OFX Pay via Bank Transfer | Fees: $0.00 1 CAD = 110.5366 JPY +0.65% vs mid-market | Recipient gets ¥110,536.56 6-12 Hours | |
Ways to receive money in Japan with OFX when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 110.5366 JPY ¥110,536.56You pay$1,000.00 | |||
 Remitbee Pay via Interac | Fees: $0.00 1 CAD = 110.3556 JPY +0.82% vs mid-market | Recipient gets ¥110,355.60 Next Day | |
Ways to receive money in Japan with Remitbee when paying by interac. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 110.3556 JPY ¥110,355.60You pay$1,000.00 | |||
| Remitbee Pay via Bill payment | Fees: $0.00 1 CAD = 110.3556 JPY +0.82% vs mid-market | Recipient gets ¥110,355.60 Next Day | |
Ways to receive money in Japan with Remitbee when paying by bill payment. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 110.3556 JPY ¥110,355.60You pay$1,000.00 | |||
| Remitbee Pay via Bank Transfer | Fees: $0.00 1 CAD = 110.3556 JPY +0.82% vs mid-market | Recipient gets ¥110,355.60 Next Day | |
Ways to receive money in Japan with Remitbee when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 110.3556 JPY ¥110,355.60You pay$1,000.00 | |||
| Wise Pay via Bank Transfer | Fees: $8.72 1 CAD = 111.2480 JPY +0.01% vs mid-market | Recipient gets ¥110,278.00 Next day | |
Ways to receive money in Japan with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext dayAvailable via:Bank Transfer $8.721 CAD = 111.2480 JPY ¥110,278.00You pay$1,000.00 | |||
 Western Union Pay via Debit Card | Fees: $0.00 1 CAD = 110.0614 JPY +1.08% vs mid-market | Recipient gets ¥110,062.00 Next Day | |
Ways to receive money in Japan with Western Union when paying by debit card. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 110.0614 JPY ¥110,062.00You pay$1,000.00 | |||
| Western Union Pay via Bank Transfer | Fees: $0.00 1 CAD = 110.0614 JPY +1.08% vs mid-market | Recipient gets ¥110,062.00 Next Day | |
Ways to receive money in Japan with Western Union when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 110.0614 JPY ¥110,062.00You pay$1,000.00 | |||
 Koho Pay via Bank Transfer | Fees: $10.58 1 CAD = 111.2300 JPY +0.03% vs mid-market | Recipient gets ¥110,054.00 Next day | |
Ways to receive money in Japan with Koho when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext dayAvailable via:Bank Transfer $10.581 CAD = 111.2300 JPY ¥110,054.00You pay$1,000.00 | |||
 Panda Remit Pay via Bank Transfer | Fees: $8.99 1 CAD = 110.8015 JPY +0.41% vs mid-market | Recipient gets ¥109,805.39 6-12 Hours | |
Ways to receive money in Japan with Panda Remit when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $8.991 CAD = 110.8015 JPY ¥109,805.39You pay$1,000.00 | |||
| Wise Pay via Interac | Fees: $14.43 1 CAD = 111.2480 JPY +0.01% vs mid-market | Recipient gets ¥109,643.00 Same day | |
Ways to receive money in Japan with Wise when paying by interac. MethodFee & ratesRecipient gets Bank depositSame dayAvailable via:Bank Transfer $14.431 CAD = 111.2480 JPY ¥109,643.00You pay$1,000.00 | |||
 Remitly Pay via Debit Card | Fees: $0.00 1 CAD = 109.5000 JPY +1.59% vs mid-market | Recipient gets ¥109,500.00 2 Days | |
Ways to receive money in Japan with Remitly when paying by debit card. MethodFee & ratesRecipient gets Bank deposit2 Days Free1 CAD = 109.5000 JPY ¥109,500.00You pay$1,000.00 | |||
| Remitly Pay via Credit Card | Fees: $20.00 1 CAD = 109.5000 JPY +1.59% vs mid-market | Recipient gets ¥109,500.00 2 Days | |
Ways to receive money in Japan with Remitly when paying by credit card. MethodFee & ratesRecipient gets Bank deposit2 Days $20.001 CAD = 109.5000 JPY ¥109,500.00You pay$1,020.00 | |||
| Remitly Pay via Bank Transfer | Fees: $0.00 1 CAD = 109.5000 JPY +1.59% vs mid-market | Recipient gets ¥109,500.00 2 Days | |
Ways to receive money in Japan with Remitly when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit2 Days Free1 CAD = 109.5000 JPY ¥109,500.00You pay$1,000.00 | |||
| Remitly Pay via Interac | Fees: $0.00 1 CAD = 109.5000 JPY +1.59% vs mid-market | Recipient gets ¥109,500.00 2 Days | |
Ways to receive money in Japan with Remitly when paying by interac. MethodFee & ratesRecipient gets Bank deposit2 Days Free1 CAD = 109.5000 JPY ¥109,500.00You pay$1,000.00 | |||
| Remitbee Pay via Debit Card | Fees: $8.99 1 CAD = 110.3556 JPY +0.82% vs mid-market | Recipient gets ¥109,363.50 Next Day | |
Ways to receive money in Japan with Remitbee when paying by debit card. MethodFee & ratesRecipient gets Bank depositNext Day $8.991 CAD = 110.3556 JPY ¥109,363.50You pay$1,000.00 | |||
| $0 fee on first online transfers MoneyGram Pay via Debit Card | Fees: $5.99 1 CAD = 109.3114 JPY +1.77% vs mid-market | Recipient gets ¥109,311.40 6-12 Hours | |
Ways to receive money in Japan with MoneyGram when paying by debit card. MethodFee & ratesRecipient gets Cash pickup6-12 Hours $5.991 CAD = 109.3114 JPY ¥109,311.40You pay$1,005.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Credit Card | Fees: $5.99 1 CAD = 109.3114 JPY +1.77% vs mid-market | Recipient gets ¥109,311.40 6-12 Hours | |
Ways to receive money in Japan with MoneyGram when paying by credit card. MethodFee & ratesRecipient gets Cash pickup6-12 Hours $5.991 CAD = 109.3114 JPY ¥109,311.40You pay$1,005.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Cash deposit | Fees: $5.99 1 CAD = 109.3114 JPY +1.77% vs mid-market | Recipient gets ¥109,311.40 6-12 Hours | |
Ways to receive money in Japan with MoneyGram when paying by cash deposit. MethodFee & ratesRecipient gets Cash pickup6-12 Hours $5.991 CAD = 109.3114 JPY ¥109,311.40You pay$1,005.99 | |||
| Wise Pay via Debit Card | Fees: $19.73 1 CAD = 111.2480 JPY +0.01% vs mid-market | Recipient gets ¥109,053.00 Same day | |
Ways to receive money in Japan with Wise when paying by debit card. MethodFee & ratesRecipient gets Bank depositSame dayAvailable via:Bank Transfer $19.731 CAD = 111.2480 JPY ¥109,053.00You pay$1,000.00 | |||
 Moneycorp Pay via Bank Transfer | Fees: $0.00 1 CAD = 109.0345 JPY +2.00% vs mid-market | Recipient gets ¥109,034.55 Next Day | |
Ways to receive money in Japan with Moneycorp when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 109.0345 JPY ¥109,034.55You pay$1,000.00 | |||
 RBC Pay via Bank Transfer | Fees: $0.00 1 CAD = 107.9330 JPY +3.04% vs mid-market | Recipient gets ¥107,933.00 6-12 Hours | |
Ways to receive money in Japan with RBC when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 107.9330 JPY ¥107,933.00You pay$1,000.00 | |||
 TD Bank Pay via Bank Transfer | Fees: $0.00 1 CAD = 107.4470 JPY +3.49% vs mid-market | Recipient gets ¥107,447.00 6-12 Hours | |
Ways to receive money in Japan with TD Bank when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 107.4470 JPY ¥107,447.00You pay$1,000.00 | |||
| Wise Pay via Credit Card | Fees: $34.46 1 CAD = 111.2480 JPY +0.01% vs mid-market | Recipient gets ¥107,414.00 Same day | |
Ways to receive money in Japan with Wise when paying by credit card. MethodFee & ratesRecipient gets Bank depositSame dayAvailable via:Bank Transfer $34.461 CAD = 111.2480 JPY ¥107,414.00You pay$1,000.00 | |||
 Ria Money Transfer Pay via Debit Card | Fees: $45.00 1 CAD = 108.9882 JPY +2.06% vs mid-market | Recipient gets ¥104,083.78 6-12 Hours | |
Ways to receive money in Japan with Ria Money Transfer when paying by debit card. MethodFee & ratesRecipient gets Cash pickup6-12 Hours $45.001 CAD = 108.9882 JPY ¥104,083.78You pay$1,000.00 | |||
| Ria Money Transfer Pay via Credit Card | Fees: $65.00 1 CAD = 108.9882 JPY +2.06% vs mid-market | Recipient gets ¥101,904.01 6-12 Hours | |
Ways to receive money in Japan with Ria Money Transfer when paying by credit card. MethodFee & ratesRecipient gets Cash pickup6-12 Hours $65.001 CAD = 108.9882 JPY ¥101,904.01You pay$1,000.00 | |||
| How Our Results Work Mid-market rate: 1 CAD = 111.2597 JPY Updates every 60 minutes. | |||
Transfer details
Start with the cheapest, which is Paysend at 110,679.66 JPY 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, 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 Japan 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.
| Cheapest service | |||||
|---|---|---|---|---|---|
| $100 | 0.46% | $0.00 | ¥11,067.97with debit card to bank deposit | +¥722.49 | |
| $500 | 0.49% | $0.00 | ¥55,339.83with debit card to bank deposit | +¥1,088.62 | |
| $1,000This page | 0.52% | $0.00 | ¥110,679.66with debit card to bank deposit | +¥1,551.19 | |
| $10,000 | 0.25% | $0.00 | ¥1,109,058.62with bank transfer to bank deposit | +¥6,843.52 | |
| $50,000 | 0.20% | $0.00 | ¥5,551,594.26with bank transfer to bank deposit | +¥37,042.77 |
Mid-market rate: 1 CAD = 111.2597 JPY
There are 14 companies sending money to India, but how you send depends on your needs.
Most common option
Hand your cash over the counter and your recipient can collect it the same day without needing an app or bank account.
Bring $1,000 in cash to the closest Western Union location, and your recipient picks up 110,062 JPY within minutes.
Cash transfers cost more
Cash transfer to Japan is usually the most expensive option, compare your options above to get the best deal.
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.
Paysend charges $0 in fees and adds 0.52% markup, so your $1,000 delivers 110,679.66 JPY 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 14 online companies, Paysend is the cheapest and currently gets you 110,679.66 JPY on a $1,000 transfer after a $0 fee and 0.52% 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.
The most expensive way
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 $1,000 transfer, a bank like RBC delivers 107,933 JPY, against 107,933 JPY with Paysend.
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
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 0.63% on CAD/JPY 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 $10.58 in fees with 0.03% 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 JPY.
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 JPY, 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 JPY, and convert between them at low cost.
For example, converting $1,000 costs $0 in fees at 0.63% markup, which gets you 110,563 JPY.
With Paysend, paying by debit card and receiving through bank deposit is the cheapest combination. Sending $1,000 gives your recipient 110,679.66 JPY.
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 JPY through bank deposit and cash pickup.
For a bank deposit payout, you will need the recipient's bank details in Japan.
You pay $1,000.00
¥110,680
Cheapest
You pay $1,000.00
¥110,680
¥0
You pay $1,000.00
¥110,563
-¥117
You pay $1,000.00
¥110,356
-¥324
You pay $1,000.00
¥110,356
-¥324
You pay $1,005.99
¥109,311
-¥1,368
You pay $1,005.99
¥109,311
-¥1,368
You pay $1,005.99
¥109,311
-¥1,368
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 Japan, these are the cheapest, fastest and easiest options available now.
Best way to send money to Japan
Paysend is the cheapest and easiest option, funded by debit card with bank deposit for the payout. Your recipient gets 110,679.66 JPY, which is 0.11% more than the next best option.
Fastest way to send money to Japan
Paysend is fastest when you pay by debit card and choose bank deposit for the payout. The transfer delivers 110,679.66 JPY in 6-12 hours.
An Interac e-Transfer cannot go directly to a recipient in Japan.
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 JPY amount received. The last seven days show how today's CAD quote compares with the recent market.
Mid-market rate:1 CAD = 110.967551 JPY
Most of the pricing here comes straight from the companies, and anything we gather by hand is labelled in the table.
That covers 14 FINTRAC-registered companies sending CAD to Japan, 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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