Compare ways to send money from Canada to Japan

Q: How much money can be transferred from Canada to Japan?

The amount of JPY you can receive from Canada will vary depending on which provider you use. Some providers specialize in smaller transfers, while others are more suited to large transfers.You should also check if there are any government regulations around how many JPY can be received in Japan before making your transfer.

Q: Are there any tax implications to sending money from Canada to Japan?

Each country will have its own set of tax laws and rules for receiving money from abroad. Yens or Canadian Dollars sent for business purposes between could be taxed as foreign income. If you’re looking to receive a large amount of Yens from abroad, you should check how much you can receive in Japan without paying taxes. If you're not sure how the tax process works locally, contact your local tax office or speak to a tax professional.

Q: Can I send money from Canada to Japan with MoneyTransfers.com?

No. MoneyTransfers.com is a comparison website aiming to match you with the best money transfer providers to transfer money online between Canada, Japan, and many other countries.

Q: What are the typical transfer fees for sending Canadian Dollars to Japan through various providers?

Transfer fees can vary significantly depending on your chosen provider. That's why you should compare the fees of different services to ensure you get the best deal when sending Canadian Dollars to Japan.Our data shows that the cheapest way to send money online between Canada and Japan is TorFx.Over the past six months, the most common transfer fee applied by TorFx for CAD to JPY transactions has been $0. This is 0% less than the second-best option available.

Q: How long does it take to send money from Canada to Japan?

The delivery time for international transfers can vary. Some services offer instant or same-day transfers, while others might take several business days. The speed may also depend on the CAD and JPY transaction volumes.According to our data, the fastest way to send money online between Canada and Japan is Panda Remit.Over the past six months, Panda Remit emerged as the fastest service in 34.8% of the searches performed by our users and staff.

Q: What is the best exchange rate I can get for sending money from Canada to Japan?

Exchange rates fluctuate frequently. To get the best rate for converting CAD to JPY, compare the rates offered by different providers against the mid-market rate. Right now, the CAD to JPY is 106.0459.

Q: Are there any minimum or maximum transfer amounts for sending money from Canada to Japan?

Providers often set minimum and maximum transfer limits. These can vary significantly, so it’s worth checking what limits apply for transfers from Canada to Japan before proceeding.

Q: Can I schedule regular transfers between Canada and Japan?

Many services allow you to set up scheduled, recurring transfers. This can be especially useful for regular financial commitments across borders.

Compare the best ways to send money from Canada to Japan. Explore the fastest, cheapest, and most reliable providers with the best CAD to JPY exchange rates.

Read on for the best deals, expert information, and all you need to send money to Japan from Canada.

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Best way to send: Wise

Wise is our top pick for sending CAD to JPY.

We tested & reviewed 12 money transfer companies offering services between Canada and Japan, and Wise scored highly.

In total, Wise appeared in 100% of Canada to Japan searches, and was the top rated company out of 12 that support transfers into Yen.

So for a great mix of cost, speed & features, make your Canada to Japan transfer using Wise.

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How to compare deals on your Canada to Japan transfer

Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure get best exchange rates on transfers from Canada to Japan.
Choose a provider
Select the provider that offers you the best value & service for your needs.
Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to Japan from Canada.

Summary of recent searches

Top rated for transfers from Canada to Japan

Total number of CA - JP providers

Average cheapest fees & rate

Average fastest transfer

Average transfer time

Within minutes

Best for bank transfers

Best for debit card

Best for credit card

Important things to consider before sending money from Canada to Japan

Compare providers

Don't settle for the first option. Always compare ways to send money from Canada to Japan to find out about fees, speed, and reliability.

Our analysis included 12 providers that operate between Canada and Japan.

Through this, you get a comprehensive view of all the options you have in Canada when you need to send money to Japan.

Think about the Canada to Japan exchange rate

Choose the right payment method

Keep your money safe

Consider transfer limits

How to receive money in Japan

Have your ID ready

Don't forget about taxes

Don't settle for the first option. Always compare ways to send money from Canada to Japan to find out about fees, speed, and reliability.

Our analysis included 12 providers that operate between Canada and Japan.

Through this, you get a comprehensive view of all the options you have in Canada when you need to send money to Japan.

Cheapest way to send money to Japan from Canada: TorFx

Get the lowest fees with TorFx - the cheapest transfer service at just $0 per transaction*

Data collected over the past six months shows that TorFx is 0% cheaper than the second-best option.

The $0 transfer cost represents the most common fee for CAD to JPY international transfers, based on data from the past six months.

If you want to secure the best rates on a CAD to Japan transfer, make sure you pick TorFx to send your money online.

*The most common fee applied to CAD-JPY by TorFx, based on data from the past six months.

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Fastest way to send money from Canada to Japan: Panda Remit

Need to send money fast? Pick Panda Remit and get your funds from Canada to Japan at speed.

Our data shows that Panda Remit came up as the fastest way to send money from Canada to Japan in 34.8% of searches. This makes them well suited to urgent CAD to JPY money transfers.

The 'fastest' way to send money is defined by the overall speed of sending money from Canada to Japan - this includes deposit, transfer and withdrawal timeframes and often differs per currency.  

When speed matters, Panda Remit is your best choice at the moment. This service emerged as the quickest way to send money to Japan from Canada in 34.8% of the searches on MoneyTransfers.com over the past six months.

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Need to send over $10,000?

For those big moves, competitive pricing & strong customer service are key.

Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is Wise. 

While Wise may not always be the cheapest or fastest way to send CAD from Canada to Japan, it’s the provider that will keep you safe and relaxed while your money moves into JPY.

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Understanding the cost of moving money from Canada to Japan

The total cost of sending money to Japan from Canada, is made-up of a combination of fees and exchange rates. Sending with a company that can offer a good deal on both ensures a good deal on your transfer.

The Mid-Market and Exchange Rates: Currently, the mid-market for CAD-JPY is 106.0459 JPY per Canadian Dollar.

Finding a company offering an exchange rate closer to this will mean more Yen for your Canadian Dollar.
The average CAD-JPY mid-market rate for the last three months has been 113.2628 JPY per Canadian Dollar. This includes a high of 118.421, and low of 107.4669.
Out of the 12 companies compared, Wise offers the best exchange rates.
The exchange rate you receive on converting CAD to JPY should be the biggest determining cost factor when transferring Canadian Dollar to Japan.

Fees: Transfer fees may have to be paid alongside the transfer, either as a set fee or a percentage of the transfer. TorFx, with a fee average of 0 CAD per transfer over the last 6 months, offers the lowest fees overall. Although, you should search for your send amount for actual fees.

Amount Received: Money transfer companies will show you the amount of Yen eventually received in Japan.

A lower cost of sending from Canada will result in more money received in Japan.

How to find the best exchange rate for Canada to Japan

Timing is essential for sending money between CAD and JPY. The exchange rate you secure impacts how much JPY you get for your CAD.

Mid-market Rate

= 106.045882 JPY

Let's dive into some interesting recent trends.

Over the past six months, the exchange rate from CAD to JPY has seen some fluctuation. On average, it stood at 113.2628.
During this period, the highest value recorded was 118.421, while the lowest was 107.4669.
Wise, which is our recommended service to send money online from Canada to Japan offers an exchange rate that is only 0% above the mid-market rate.

Want to secure the best CAD-Yen exchange rates?

Paying for your Canada to Japan money transfer

Bank transfers
A bank transfer is often the default option for money transfers from Canada to Japan.
By using a money transfer company such as TorFx to send money from Canada to Japan, you can while benefit from lower fees and more favorable exchange rates than a bank would offer.  
On average, TorFx is the cheapest money transfer provider for bank transfers from the 12 we tested when sending CAD to Japan.
With an average fee of CAD0 to send money from Canada to Japan, TorFx offers a great combination of competitive exchange rates and lower fees. 
Debit and prepaid cards
Sending money from Canada to Japan with a prepaid or debit card is very easy with Wise. 
Wise is a great choice for sending money with a debit card from Canada to Japan. This is from the 12 money transfer companies compared.
Credit cards
When it comes to credit card money transfers from Canada to Japan, Xe emerges as our top choice of the 12 companies offering this service.
Be careful of fees: using a credit card to transfer money internationally often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.

How we analyze the market

We track the cost, speed, and product offerings of the leading money transfer services available between Japan and Canada. 

Our comparison engine and algorithms evaluate providers based on over 25 factors.

We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.

This thorough analysis helps you get the best available deal - every time you want to move money from Canada to Japan. 

We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send CAD to JPY. 

For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.