How to send money to Tanzania from Canada with the best CAD-TZS rate

Remitly is the cheapest way to send money from Canada to Tanzania based on the 9 companies we analyzed, giving your recipient 1,902,250 TZS from CA$1,000.

Best companies for CAD/TZS transfers

9 of 9 providers

Last updated on 28 October 2026

Based on 1,000 CAD transfer

Best companies for CAD/TZS transfers

Sort Cheapest
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Wise

Pay via Bank Transfer
Fees: $24.40 1 CAD = 1878.5800 TZS +0.10% vs mid-market Recipient gets TZS 1,832,742.65 Next day
Receive to bank accountDedicated support for large transfers

Ways to receive money in Tanzania with Wise when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositNext dayAvailable via:Bank Transfer
$24.401 CAD = 1878.5800 TZS
TZS 1,832,742.65You pay$1,000.00
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WorldRemit

Pay via Debit Card
Fees: $0.99 1 CAD = 1861.5959 TZS +1.01% vs mid-market Recipient gets TZS 1,859,752.90 Next Day
Receive to bank account or cash pickup

Ways to receive money in Tanzania with WorldRemit when paying by debit card.

MethodFee & ratesRecipient gets
Mobile moneyNext Day
$0.991 CAD = 1861.5959 TZS
TZS 1,859,752.90You pay$1,000.00

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Showing top Canada to Tanzania deals for 1,000 CAD. Do a live search with your exact amount for today's best rates.

Remitly

Pay via Bank Transfer
Fees: $0.00 1 CAD = 1902.2500 TZS -1.15% vs mid-market Recipient gets TZS 1,902,250.00 Within a week
Cheapest
Receive to bank account or cash pickup

Ways to receive money in Tanzania with Remitly when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin a week
Free1 CAD = 1902.2500 TZS
TZS 1,902,250.00You pay$1,000.00

Remitly

Pay via Interac
Fees: $0.00 1 CAD = 1902.2500 TZS -1.15% vs mid-market Recipient gets TZS 1,902,250.00 Within a week
Receive to bank account or cash pickup

Ways to receive money in Tanzania with Remitly when paying by interac.

MethodFee & ratesRecipient gets
Bank depositWithin a week
Free1 CAD = 1902.2500 TZS
TZS 1,902,250.00You pay$1,000.00

Remitly

Pay via Debit Card
Fees: $0.00 1 CAD = 1888.3000 TZS -0.41% vs mid-market Recipient gets TZS 1,888,300.00 Within minutes
Receive to bank account or cash pickup

Ways to receive money in Tanzania with Remitly when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositWithin minutes
Free1 CAD = 1888.3000 TZS
TZS 1,888,300.00You pay$1,000.00

Remitly

Pay via Credit Card
Fees: $20.00 1 CAD = 1888.3000 TZS -0.41% vs mid-market Recipient gets TZS 1,888,300.00 Within minutes
Receive to bank account or cash pickup

Ways to receive money in Tanzania with Remitly when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositWithin minutes
$20.001 CAD = 1888.3000 TZS
TZS 1,888,300.00You pay$1,020.00

Remitbee

Pay via Debit Card
Fees: $0.00 1 CAD = 1877.9142 TZS +0.14% vs mid-market Recipient gets TZS 1,877,914.20 Next Day
0 reviews

Ways to receive money in Tanzania with Remitbee when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 1877.9142 TZS
TZS 1,877,914.20You pay$1,000.00

Remitbee

Pay via Interac
Fees: $0.00 1 CAD = 1877.9142 TZS +0.14% vs mid-market Recipient gets TZS 1,877,914.20 Next Day
0 reviews

Ways to receive money in Tanzania with Remitbee when paying by interac.

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 1877.9142 TZS
TZS 1,877,914.20You pay$1,000.00

Remitbee

Pay via Bill payment
Fees: $0.00 1 CAD = 1877.9142 TZS +0.14% vs mid-market Recipient gets TZS 1,877,914.20 Next Day
0 reviews

Ways to receive money in Tanzania with Remitbee when paying by bill payment.

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 1877.9142 TZS
TZS 1,877,914.20You pay$1,000.00

Remitbee

Pay via Bank Transfer
Fees: $0.00 1 CAD = 1877.9142 TZS +0.14% vs mid-market Recipient gets TZS 1,877,914.20 Next Day
0 reviews

Ways to receive money in Tanzania with Remitbee when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 1877.9142 TZS
TZS 1,877,914.20You pay$1,000.00

OFX

Pay via Bank Transfer
Fees: $0.00 1 CAD = 1868.2573 TZS +0.65% vs mid-market Recipient gets TZS 1,868,257.31 6-12 Hours
Receive to bank account

Ways to receive money in Tanzania with OFX when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 1868.2573 TZS
TZS 1,868,257.31You pay$1,000.00

Paysend

Pay via Debit Card
Fees: $0.00 1 CAD = 1865.1858 TZS +0.82% vs mid-market Recipient gets TZS 1,865,185.76 6-12 Hours

Ways to receive money in Tanzania with Paysend when paying by debit card.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 1865.1858 TZS
TZS 1,865,185.76You pay$1,000.00

Paysend

Pay via Credit Card
Fees: $0.00 1 CAD = 1865.1858 TZS +0.82% vs mid-market Recipient gets TZS 1,865,185.76 6-12 Hours

Ways to receive money in Tanzania with Paysend when paying by credit card.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 1865.1858 TZS
TZS 1,865,185.76You pay$1,000.00

TapTap Send

Pay via Debit Card
Fees: $0.00 1 CAD = 1865.0000 TZS +0.83% vs mid-market Recipient gets TZS 1,865,000.00 Minutes
Fastest
Receive to bank account

Ways to receive money in Tanzania with TapTap Send when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes
Free1 CAD = 1865.0000 TZS
TZS 1,865,000.00You pay$1,000.00
Mobile moneyMinutesAvailable via:Airtel, M-PESA, Tigo
Free1 CAD = 1865.0000 TZS
TZS 1,865,000.00You pay$1,000.00
Only available via Mobile App

WorldRemit

Pay via Debit Card
Fees: $0.99 1 CAD = 1861.5959 TZS +1.01% vs mid-market Recipient gets TZS 1,859,752.90 Next Day
Receive to bank account or cash pickup

Ways to receive money in Tanzania with WorldRemit when paying by debit card.

MethodFee & ratesRecipient gets
Mobile moneyNext Day
$0.991 CAD = 1861.5959 TZS
TZS 1,859,752.90You pay$1,000.00
$0 fee on first online transfers

MoneyGram

Pay via Debit Card
Fees: $4.99 1 CAD = 1847.8962 TZS +1.75% vs mid-market Recipient gets TZS 1,847,896.20 6-12 Hours

Ways to receive money in Tanzania with MoneyGram when paying by debit card.

MethodFee & ratesRecipient gets
Bank deposit6-12 HoursAvailable via:All Banks
$4.991 CAD = 1847.8962 TZS
TZS 1,847,896.20You pay$1,004.99
Mobile wallet6-12 HoursAvailable via:Select Wallets
$1.991 CAD = 1847.0353 TZS
TZS 1,847,035.30You pay$1,001.99
Cash pickup6-12 Hours
$5.991 CAD = 1843.9404 TZS
TZS 1,843,940.40You pay$1,005.99
$0 fee on first online transfers

MoneyGram

Pay via Credit Card
Fees: $4.99 1 CAD = 1847.8962 TZS +1.75% vs mid-market Recipient gets TZS 1,847,896.20 6-12 Hours

Ways to receive money in Tanzania with MoneyGram when paying by credit card.

MethodFee & ratesRecipient gets
Bank deposit6-12 HoursAvailable via:All Banks
$4.991 CAD = 1847.8962 TZS
TZS 1,847,896.20You pay$1,004.99
Mobile wallet6-12 HoursAvailable via:Select Wallets
$1.991 CAD = 1847.0353 TZS
TZS 1,847,035.30You pay$1,001.99
Cash pickup6-12 Hours
$5.991 CAD = 1843.9404 TZS
TZS 1,843,940.40You pay$1,005.99
$0 fee on first online transfers

MoneyGram

Pay via Cash deposit
Fees: $4.99 1 CAD = 1847.8962 TZS +1.75% vs mid-market Recipient gets TZS 1,847,896.20 6-12 Hours

Ways to receive money in Tanzania with MoneyGram when paying by cash deposit.

MethodFee & ratesRecipient gets
Bank deposit6-12 HoursAvailable via:All Banks
$4.991 CAD = 1847.8962 TZS
TZS 1,847,896.20You pay$1,004.99
Mobile wallet6-12 HoursAvailable via:Select Wallets
$1.991 CAD = 1847.0353 TZS
TZS 1,847,035.30You pay$1,001.99
Cash pickup6-12 Hours
$5.991 CAD = 1843.9404 TZS
TZS 1,843,940.40You pay$1,005.99

Western Union

Pay via Debit Card
Fees: $0.00 1 CAD = 1833.2014 TZS +2.55% vs mid-market Recipient gets TZS 1,833,201.42 Next Day
Receive to bank account or cash pickup

Ways to receive money in Tanzania with Western Union when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 1833.2014 TZS
TZS 1,833,201.42You pay$1,000.00

Western Union

Pay via Bank Transfer
Fees: $0.00 1 CAD = 1833.2014 TZS +2.55% vs mid-market Recipient gets TZS 1,833,201.42 Next Day
Receive to bank account or cash pickup

Ways to receive money in Tanzania with Western Union when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 1833.2014 TZS
TZS 1,833,201.42You pay$1,000.00

Wise

Pay via Bank Transfer
Fees: $24.40 1 CAD = 1878.5800 TZS +0.10% vs mid-market Recipient gets TZS 1,832,742.65 Next day
Recommended
Receive to bank accountDedicated support for large transfers

Ways to receive money in Tanzania with Wise when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositNext dayAvailable via:Bank Transfer
$24.401 CAD = 1878.5800 TZS
TZS 1,832,742.65You pay$1,000.00

Wise

Pay via Interac
Fees: $29.98 1 CAD = 1878.5800 TZS +0.10% vs mid-market Recipient gets TZS 1,822,260.17 Within 3 hours
Receive to bank accountDedicated support for large transfers

Ways to receive money in Tanzania with Wise when paying by interac.

MethodFee & ratesRecipient gets
Bank depositWithin 3 hoursAvailable via:Bank Transfer
$29.981 CAD = 1878.5800 TZS
TZS 1,822,260.17You pay$1,000.00

Wise

Pay via Debit Card
Fees: $35.05 1 CAD = 1878.5800 TZS +0.10% vs mid-market Recipient gets TZS 1,812,735.77 Within 3 hours
Receive to bank accountDedicated support for large transfers

Ways to receive money in Tanzania with Wise when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositWithin 3 hoursAvailable via:Bank Transfer
$35.051 CAD = 1878.5800 TZS
TZS 1,812,735.77You pay$1,000.00

Wise

Pay via Credit Card
Fees: $49.31 1 CAD = 1878.5800 TZS +0.10% vs mid-market Recipient gets TZS 1,785,947.22 Within 3 hours
Receive to bank accountDedicated support for large transfers

Ways to receive money in Tanzania with Wise when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositWithin 3 hoursAvailable via:Bank Transfer
$49.311 CAD = 1878.5800 TZS
TZS 1,785,947.22You pay$1,000.00
How Our Results Work
Mid-market rate: 1 CAD = 1880.4804 TZS Updates every 60 minutes.

How to send money from Canada to Tanzania

Pick a company

Start with the cheapest, which is Remitly at 1,902,250 TZS on CA$1,000.

Remitly was the cheapest on 15 of the 30 days it quoted CA$1,000 transfers to Tanzania.

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 debit card, bank transfer, 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 Tanzania?

How much CAD you send to Tanzania 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 45% of all the transfers it quoted.

Cheapest service
$100-3.65%$0.00TZS 194,612.00with bank transfer to bank deposit+TZS 9,369.43
$500-3.40%$0.00TZS 973,125.00with bank transfer to bank deposit+TZS 41,000.35
$1,000This page-1.15%$0.00TZS 1,902,250.00with bank transfer to bank deposit+TZS 44,072.01
$3,000-0.08%$0.00TZS 5,633,742.60with debit card to bank deposit+TZS 81,618.61
$10,0000.15%$0.00TZS 18,779,142.00with debit card to bank deposit+TZS 142,583.40
$50,0000.25%$0.00TZS 93,585,677.68with bank transfer to bank deposit+TZS 699,219.99

Mid-market rate: 1 CAD = 1880.4804 TZS

CAD/TZS Exchange Rate History

Is today a good time to send money from Canada to Tanzania?

The cheapest way to send CAD to TZS 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 Tanzania.

TZS received for $1,000, after fees

Wed, Oct 28, 2026Mid-market rateTZS 1,880,480.44 Remitly TZS 1,902,250.00RemitlyTZS 1,902,250.00RemitbeeTZS 1,877,914.20OFXTZS 1,868,257.31

1.80M
1.82M
1.84M
1.86M
1.88M
1.90M
1.92M
At the mid-market rateWith the cheapest optionRemitlyRemitbeeOFX
Exchange rateFees:Recipient getsDifference
Mid-market rate 1869.8925 – TZS 1,869,892.52
Remitbee Cheapest 1903.9980 $0.00 TZS 1,903,998.00 +TZS 34,105.48
OFX 1857.7382 $0.00 TZS 1,857,738.22 −TZS 12,154.30
Remitly 1827.8400 $0.00 TZS 1,827,840.00 −TZS 42,052.52
Exchange rateFees:Recipient getsDifference
Mid-market rate 1869.7669 – TZS 1,869,766.87
Remitbee Cheapest 1903.9980 $0.00 TZS 1,903,998.00 +TZS 34,231.13
OFX 1857.6134 $0.00 TZS 1,857,613.39 −TZS 12,153.48
Remitly 1850.9300 $0.00 TZS 1,850,930.00 −TZS 18,836.87
Exchange rateFees:Recipient getsDifference
Mid-market rate 1853.4076 – TZS 1,853,407.58
Remitbee Cheapest 1903.9980 $0.00 TZS 1,903,998.00 +TZS 50,590.42
OFX 1841.3604 $0.00 TZS 1,841,360.43 −TZS 12,047.15
Remitly 1828.3900 $0.00 TZS 1,828,390.00 −TZS 25,017.58
Exchange rateFees:Recipient getsDifference
Mid-market rate 1853.1629 – TZS 1,853,162.86
Remitbee Cheapest 1903.9980 $0.00 TZS 1,903,998.00 +TZS 50,835.14
OFX 1841.1173 $0.00 TZS 1,841,117.30 −TZS 12,045.56
Remitly 1825.4000 $0.00 TZS 1,825,400.00 −TZS 27,762.86
Exchange rateFees:Recipient getsDifference
Mid-market rate 1849.3191 – TZS 1,849,319.05
Remitbee Cheapest 1903.9980 $0.00 TZS 1,903,998.00 +TZS 54,678.95
OFX 1837.2985 $0.00 TZS 1,837,298.48 −TZS 12,020.57
Remitly 1820.8100 $0.00 TZS 1,820,810.00 −TZS 28,509.05
Exchange rateFees:Recipient getsDifference
Mid-market rate 1845.1494 – TZS 1,845,149.40
Remitbee Cheapest 1903.9980 $0.00 TZS 1,903,998.00 +TZS 58,848.60
OFX 1833.1559 $0.00 TZS 1,833,155.92 −TZS 11,993.48
Remitly 1820.8100 $0.00 TZS 1,820,810.00 −TZS 24,339.40
Exchange rateFees:Recipient getsDifference
Mid-market rate 1847.8876 – TZS 1,847,887.61
Remitbee Cheapest 1903.9980 $0.00 TZS 1,903,998.00 +TZS 56,110.39
OFX 1835.8763 $0.00 TZS 1,835,876.34 −TZS 12,011.27
Remitly 1828.0300 $0.00 TZS 1,828,030.00 −TZS 19,857.61
Exchange rateFees:Recipient getsDifference
Mid-market rate 1848.4460 – TZS 1,848,445.96
Remitbee Cheapest 1903.9980 $0.00 TZS 1,903,998.00 +TZS 55,552.04
OFX 1836.4311 $0.00 TZS 1,836,431.06 −TZS 12,014.90
Remitly 1834.5700 $0.00 TZS 1,834,570.00 −TZS 13,875.96
Exchange rateFees:Recipient getsDifference
Mid-market rate 1858.1651 – TZS 1,858,165.09
Remitbee Cheapest 1903.9980 $0.00 TZS 1,903,998.00 +TZS 45,832.91
OFX 1846.0870 $0.00 TZS 1,846,087.02 −TZS 12,078.07
Remitly 1842.6600 $0.00 TZS 1,842,660.00 −TZS 15,505.09
Exchange rateFees:Recipient getsDifference
Mid-market rate 1848.3579 – TZS 1,848,357.95
Remitbee Cheapest 1903.9980 $0.00 TZS 1,903,998.00 +TZS 55,640.05
OFX 1836.3436 $0.00 TZS 1,836,343.62 −TZS 12,014.33
Remitly 1830.2000 $0.00 TZS 1,830,200.00 −TZS 18,157.95
Exchange rateFees:Recipient getsDifference
Mid-market rate 1860.6994 – TZS 1,860,699.39
Remitbee Cheapest 1903.9980 $0.00 TZS 1,903,998.00 +TZS 43,298.61
OFX 1848.6048 $0.00 TZS 1,848,604.84 −TZS 12,094.55
Remitly 1836.0900 $0.00 TZS 1,836,090.00 −TZS 24,609.39
Exchange rateFees:Recipient getsDifference
Mid-market rate 1851.2676 – TZS 1,851,267.58
Remitbee Cheapest 1903.9980 $0.00 TZS 1,903,998.00 +TZS 52,730.42
OFX 1839.2343 $0.00 TZS 1,839,234.34 −TZS 12,033.24
Remitly 1830.4500 $0.00 TZS 1,830,450.00 −TZS 20,817.58
Exchange rateFees:Recipient getsDifference
Mid-market rate 1851.2676 – TZS 1,851,267.58
Remitbee Cheapest 1903.9980 $0.00 TZS 1,903,998.00 +TZS 52,730.42
OFX 1839.2343 $0.00 TZS 1,839,234.34 −TZS 12,033.24
Remitly 1830.4500 $0.00 TZS 1,830,450.00 −TZS 20,817.58
Exchange rateFees:Recipient getsDifference
Mid-market rate 1853.5848 – TZS 1,853,584.80
Remitbee Cheapest 1903.9980 $0.00 TZS 1,903,998.00 +TZS 50,413.20
OFX 1841.5365 $0.00 TZS 1,841,536.49 −TZS 12,048.31
Remitly 1832.3700 $0.00 TZS 1,832,370.00 −TZS 21,214.80
Exchange rateFees:Recipient getsDifference
Mid-market rate 1853.8237 – TZS 1,853,823.69
Remitbee Cheapest 1903.9980 $0.00 TZS 1,903,998.00 +TZS 50,174.31
Remitly 1871.2600 $0.00 TZS 1,871,260.00 +TZS 17,436.31
OFX 1841.7738 $0.00 TZS 1,841,773.83 −TZS 12,049.85
Exchange rateFees:Recipient getsDifference
Mid-market rate 1851.3782 – TZS 1,851,378.18
Remitly Cheapest 1861.9700 $0.00 TZS 1,861,970.00 +TZS 10,591.82
OFX 1839.3442 $0.00 TZS 1,839,344.22 −TZS 12,033.96
Remitbee No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 1854.6698 – TZS 1,854,669.84
Remitly Cheapest 1860.2800 $0.00 TZS 1,860,280.00 +TZS 5,610.16
OFX 1842.6145 $0.00 TZS 1,842,614.49 −TZS 12,055.35
Remitbee No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 1862.5413 – TZS 1,862,541.33
Remitly Cheapest 1883.8600 $0.00 TZS 1,883,860.00 +TZS 21,318.67
OFX 1850.4348 $0.00 TZS 1,850,434.81 −TZS 12,106.52
Remitbee No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 1869.2871 – TZS 1,869,287.08
Remitly Cheapest 1884.7900 $0.00 TZS 1,884,790.00 +TZS 15,502.92
OFX 1857.1367 $0.00 TZS 1,857,136.72 −TZS 12,150.36
Remitbee No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 1869.2871 – TZS 1,869,287.08
Remitly Cheapest 1884.7900 $0.00 TZS 1,884,790.00 +TZS 15,502.92
OFX 1857.1367 $0.00 TZS 1,857,136.72 −TZS 12,150.36
Remitbee No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 1875.4031 – TZS 1,875,403.08
Remitly Cheapest 1893.3000 $0.00 TZS 1,893,300.00 +TZS 17,896.93
OFX 1863.2130 $0.00 TZS 1,863,212.96 −TZS 12,190.11
Remitbee No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 1878.6742 – TZS 1,878,674.20
Remitly Cheapest 1896.9100 $0.00 TZS 1,896,910.00 +TZS 18,235.80
OFX 1866.4628 $0.00 TZS 1,866,462.82 −TZS 12,211.38
Remitbee No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 1881.4889 – TZS 1,881,488.87
Remitly Cheapest 1898.6600 $0.00 TZS 1,898,660.00 +TZS 17,171.13
OFX 1869.2592 $0.00 TZS 1,869,259.19 −TZS 12,229.68
Remitbee No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 1887.5560 – TZS 1,887,556.05
Remitly Cheapest 1907.3800 $0.00 TZS 1,907,380.00 +TZS 19,823.96
OFX 1875.2869 $0.00 TZS 1,875,286.93 −TZS 12,269.11
Remitbee No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 1886.8782 – TZS 1,886,878.18
Remitly Cheapest 1905.3900 $0.00 TZS 1,905,390.00 +TZS 18,511.82
OFX 1874.6135 $0.00 TZS 1,874,613.47 −TZS 12,264.71
Remitbee No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 1889.3776 – TZS 1,889,377.63
Remitly Cheapest 1909.9600 $0.00 TZS 1,909,960.00 +TZS 20,582.37
Remitbee 1877.9142 $0.00 TZS 1,877,914.20 −TZS 11,463.43
OFX 1877.0967 $0.00 TZS 1,877,096.67 −TZS 12,280.96
Exchange rateFees:Recipient getsDifference
Mid-market rate 1889.3776 – TZS 1,889,377.63
Remitly Cheapest 1909.9600 $0.00 TZS 1,909,960.00 +TZS 20,582.37
Remitbee 1877.9142 $0.00 TZS 1,877,914.20 −TZS 11,463.43
OFX 1877.0967 $0.00 TZS 1,877,096.67 −TZS 12,280.96
Exchange rateFees:Recipient getsDifference
Mid-market rate 1888.0727 – TZS 1,888,072.70
Remitly Cheapest 1909.2700 $0.00 TZS 1,909,270.00 +TZS 21,197.30
Remitbee 1877.9142 $0.00 TZS 1,877,914.20 −TZS 10,158.50
OFX 1875.8002 $0.00 TZS 1,875,800.23 −TZS 12,272.47
Exchange rateFees:Recipient getsDifference
Mid-market rate 1886.3352 – TZS 1,886,335.16
Remitly Cheapest 1904.5900 $0.00 TZS 1,904,590.00 +TZS 18,254.84
Remitbee 1877.9142 $0.00 TZS 1,877,914.20 −TZS 8,420.96
OFX 1874.0740 $0.00 TZS 1,874,073.98 −TZS 12,261.18
Exchange rateFees:Recipient getsDifference
Mid-market rate 1880.4804 – TZS 1,880,480.44
Remitly Cheapest 1902.2500 $0.00 TZS 1,902,250.00 +TZS 21,769.56
Remitbee 1877.9142 $0.00 TZS 1,877,914.20 −TZS 2,566.24
OFX 1868.2573 $0.00 TZS 1,868,257.31 −TZS 12,223.13

Exchange rateFees:Recipient getsDifference

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 TZS 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 1,902,250 TZS on 1,000 CAD, which is 21,769.56 TZS 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 1,909,960 TZS.

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 Tanzania.

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

  1. RemitlyAppeared in 110 comparisons

    Cheapest in 45% of them

  2. RemitbeeAppeared in 101 comparisons

    Cheapest in 77% of them

  3. OFXAppeared in 149 comparisons

    Cheapest in 1% of them

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 TZS, but it was the cheapest in only 45% of the 110 comparisons it appeared in over the past month.

Remitbee (today's second cheapest) was the cheapest in 77% of its comparisons, so if you send money to Tanzania regularly, it's worth comparing it with Remitly before each transfer.

If it's a one-off transfer, go with Remitly, since it's the cheapest right now.

Ways to send money from Canada to Tanzania

There are 9 companies sending money to Tanzania, 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 1,902,250 TZS within minutes.

Our data shows Remitly came out cheapest among in-person options on 83% of days in the past month.

Cash transfers cost more

Cash transfer to Tanzania 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 -1.15% markup, so your CA$1,000 delivers 1,902,250 TZS in within a week.

Over the past month, Remitly was the cheapest app on 50% 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 9 companies we compared, Remitly is the cheapest online service and currently gets you 1,902,250 TZS on a CA$1,000 transfer after a CA$0 fee and -1.15% markup.

In our comparisons over the past month, it was the cheapest online service on 15 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.

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 OFX charge no fees but add 0.65% on CAD/TZS 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 57% 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.

For businesses paying abroad

Global accounts

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

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 TZS, 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 TZS, and convert between them at low cost.

For example, converting $1,000 costs $24.4 in fees at 0.1% markup, which gets you 1,832,742.65 TZS.

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

Ways to fund CAD and receive TZS in Tanzania

With Remitly, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending CA$1,000 gives your recipient 1,902,250 TZS.

Deposit CAD using debit card, bank transfer, 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 TZS through bank deposit, mobile money, mobile wallet, and cash pickup.

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

  1. 1
    Bank transfer Bank deposit

    You pay CA$1,000.00

    TSh1,902,250

    Cheapest

  2. 2
    Interac Bank deposit

    You pay CA$1,000.00

    TSh1,902,250

    TSh0

  3. 3
    debit card Bank deposit

    You pay CA$1,000.00

    TSh1,888,300

    -TSh13,950

  4. 4
    credit card Bank deposit

    You pay CA$1,020.00

    TSh1,888,300

    -TSh13,950

  5. 5
    Bill payment Bank deposit

    You pay CA$1,000.00

    TSh1,877,914

    -TSh24,336

Show moreShow less
  1. 6
    debit card Mobile money

    You pay CA$1,000.00

    TSh1,865,000

    -TSh37,250

  2. 7
    Cash deposit Bank deposit

    You pay CA$1,004.99

    TSh1,847,896

    -TSh54,354

  3. 8
    debit card Mobile wallet

    You pay CA$1,001.99

    TSh1,847,035

    -TSh55,215

  4. 9
    credit card Mobile wallet

    You pay CA$1,001.99

    TSh1,847,035

    -TSh55,215

  5. 10
    Cash deposit Mobile wallet

    You pay CA$1,001.99

    TSh1,847,035

    -TSh55,215

  6. 11
    debit card Cash pickup

    You pay CA$1,005.99

    TSh1,843,940

    -TSh58,310

  7. 12
    credit card Cash pickup

    You pay CA$1,005.99

    TSh1,843,940

    -TSh58,310

  8. 13
    Cash deposit Cash pickup

    You pay CA$1,005.99

    TSh1,843,940

    -TSh58,310

Consider this when sending CAD to Tanzania

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/TZS transfer options

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

Best way to send money to Tanzania

Remitly is the cheapest and easiest option, funded by bank transfer with bank deposit for the payout. Your recipient gets 1,902,250 TZS, which is 1.28% more than the next best option.

Fastest way to send money to Tanzania

TapTap Send is fastest when you pay by debit card and choose bank deposit for the payout. The transfer delivers 1,865,000 TZS in minutes.

Interac only works inside Canada

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

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 9 FINTRAC-registered companies sending CAD to Tanzania, 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/TZS 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.