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Compare the Best Ways to Send Money from Japan to Canada

Get the best deals when you transfer from Japan to Canada. Find the cheapest, fastest, and most reliable providers with the best exchange rates.

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

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Our Recommended Choice: TorFx

TorFx is our top choice for JPY to CAD transfers.

We tested the 4 largest providers and TorFx stands out, winning in 45.5% of searches for its unbeatable mix of cost, speed, and user-friendliness.

Looking to send money from Japan to Canada? TorFx will get the job done.

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How to get the best deal on your Japan to Canada transfer

About money transfers to Canada from Japan

The best rated provider for transfers from Japan to Canada
TorFx
Total number of JP - CA providers
4
Average cheapest provider for transfers to Canada from Japan
Key Currency
Average fastest transfer
WorldRemit
Average transfer time
Within minutes
Best for Bank Transfers
XE
Best for Debit Card
Wise

Sending Money from Japan to Canada Key Insights and Tips

1
Compare Providers

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

Our analysis included 4 providers that operate between Japan and Canada, including TorFx, Key Currency, and WorldRemit.

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

2
Think about the Yen-Canadian Dollar exchange rate
3
Choose the right payment method
4
Keep your money safe
5
Consider transfer limits
6
How to receive money in Canada
7
Have your ID ready
8
Don't forget about taxes

Sending Money from Japan to Canada Key Insights and Tips

1
Compare all the options

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

Your analysis should include all the providers that operate between Japan and Canada. Through this, you get a comprehensive view of all the options you have in Japan when you need to send money to Canada.

2
Think about the Yen-Canadian Dollar exchange rate
3
Keep your money safe
4
Consider transfer limits
5
How to receive money in Canada
6
Have your ID ready
7
Don't forget about taxes

Cheap money transfer to Canada from Japan: XE

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

Data collected over the past six months show that XE is 0.1% cheaper than the second best option.

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

If you want to secure the best rates on a JPY to Canada transfer, make sure you pick XE to send your money online.

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

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Cheapest way to send money from Japan to Canada

Without any money transfer providers serving the Japan to Canada route, the cheapest money transfer options are limited.

We would recommend using:

Fastest ways to send money from Japan to Canada: WorldRemit

Need to send money fast? Pick WorldRemit and get your funds from Japan to Canada yesterday.

Data shows that WorldRemit came up as the fastest way to send money from Japan to Canada in 57.1% of our searches, proving they are the best at handling urgent online money transfers.

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


Although WorldRemit is the quickest way to send money to Canada from Japan, the average cost of this service is $437.5.

If you don’t need to get your money to Canada in 1 day, remember that XE is the one that helps you save most.

But when speed matters, WorldRemit should always be your go-to choice.

Need to Send Over $10,000?

For those big moves, going specialist is key.

Opt for a service that specializes in large transfers when size matters. For transfers over $10,000, your best bet is TorFx.


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

Understanding Your Money Transfer Costs: Japan to Canada

When it comes to calculating the costs of money transfers between Japan and Canada, here's what really matters:

The Mid-Market Rate: Today, the JPY-CAD mid-market rate equals to 0.008994. Keep in mind that this rate fluctuates all the time.

The AUD-JPY average exchange rate of the past three months has been 0.0091, with a highest of 0.0092 and a lowest of 0.009.

When in doubt, use Wise. On average, Wise hovers just 0.05% above the mid-market rate.

Fees and Markups: That's where Wise shines, combining the best of both worlds: excellent JPY to CAD rates that are only 0.05% away from the average. That's savvy transferring for you.

How to find the best exchange rate for Yen to Canadian Dollar

Timing is everything when it comes to sending money between JPY and CAD. The exchange rate you secure impacts how much CAD you get for your JPY.

Mid-market Rate
1
= 0.008994 CAD

Let's dive into some interesting recent trends.

  • Over the past six months, the exchange rate from JPY to CAD has seen some fluctuation. On average, it stood at 0.0091.

  • During this time, the highest value on records has been 0.0092, while the lowest has been 0.009.

  • TorFx, which is our recommended service to send money online from Japan to Canada offers an exchange rate that is only 0.25% above the mid-market rate.

Want to secure the best JPY-Canadian Dollar exchange rates?

Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Japan to Canada!

What Payment Methods Are Available When Sending Money from Japan to
Canada?

  • Sending bank transfers from Japan to Canada

    Bank transfers are often the go-to when it comes to sending money from Japan to Canada - but they are expensive and slow.

    Using XE for sending money online from Japan to Canada, you can save a lot of money on fees. With an average fee of $2 to send money from Japan to Canada, XE offers a great combination of competitive exchange rates and lower fees.


    It is best to use your bank to send money with XE, as this offers the best service to send JPY to Canada with this payment method.

    In the past six months XE received an impressive 42.9% recommendation rate for bank transfers payments between Japan and Canada.

  • Sending Money from Japan to Canada by Credit Card

    When it comes to credit card transfers, is a top choice for JPY to CAD transfers.

    Our comparison engine's last six months of data on JPY to CAD searches show they've been ranked as the best provider. They have an impressive % recommendation rate for this payment method.

  • Sending Money from Japan to Canada by Debit and Prepaid Cards

    Sending money from Japan to Canada with a debit or a prepaid card is very simple with Wise.


    Wise is a leader in debit card payments for transfers from Japan to Canada. They consistently rank at the top in this category.


    Our data show that Wise proved to be the best in this service with a 54.5% recommendation rate over the past six months.

Why trust our suggestions?

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


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

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 Japan to Canada .


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


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

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Contributors

Giovanni Angioni
Giovanni Angioni, a journalist specialized in financial and political topics, has written for well-known outlets like La Stampa, Repubblica, the Economist, and Politico. His background in political sciences complements his extensive experience in covering major international events such as ASEAN and NATO summits, and European Council meetings. His insightful approach to global finance and politics enriches his role at MoneyTransfers.com, where he focuses on making personal finance relatable and understandable for a broad audience.