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How to send money to Canada from Japan with the best JPY-CAD rate

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

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

Transferring the other way? Send CAD from Canada to Japan instead.
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July 7th, 2025
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Best money transfer companies

Send money from Japan to Canada

Last updated: Today
Mid-market rate as of 07/07/2025: 1 JPY = 0.009401 CAD
Results below are based on a 1000000 JPY search
0 of 12 providers
Sponsored
Wise
Recipient gets (CAD)
$9,334.43
Full transfer details
Visit Wise
$215 better than a typical bank*

"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for large transfers
Sponsored
Receive a £/$/€25 gift card when you refer a friend! (T&Cs apply)
Xe
Recipient gets (CAD)
$9,280.00
Full transfer details
Visit Xe
$161 better than a typical bank*

"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for larger transactions
Live Rates
Sort by:
Exclusive: Special Rate for 1st Transfer
1
Key Currency
Recipient gets (CAD)
$9,377.50
Full transfer details
Visit Key Currency
$259 better than a typical bank*

"Key Currency offers a personal service with a dedicated account manager. There are no transfer limits or fees which is perfect for larger send amounts."

Personal account manager
Multi-currency card
Receive to bank account
Exclusive: First Transfer Deal
2
Regency FX
Recipient gets (CAD)
$9,375.62
Full transfer details
Visit Regency FX
$257 better than a typical bank*

"Regency's UK-based account management team has vast experience. Get support on all kinds of transfers, from overseas property transactions to business payments & more."

Personal account manager
Multi-currency card
Receive to bank account
Professional, personal service
Rate match guarantee (T&Cs apply)
3
TorFx
Recipient gets (CAD)
$9,372.80
Full transfer details
Visit TorFx
$254 better than a typical bank*

"TorFX's 5-star service handles most currency needs, especially relating to overseas property, emigration & retirement. Friendly phone support, no-obligation conversations & no max transfer limit."

Personal account manager
Multi-currency card
Receive to bank account
Ideal for buying property abroad
4
Currencies Direct
Recipient gets (CAD)
$9,344.00
Full transfer details
Visit Currencies Direct
$225 better than a typical bank*

"Currencies Direct have over 30 years of global money transfer expertise. Award winning service with a TrustPilot rating of 4.9. Lock-in rates for the future or trade 24/7 on web or mobile."

Personal account manager
Multi-currency card
Receive to bank account
5
OFX
Recipient gets (CAD)
$9,343.00
Full transfer details
Visit OFX
$224 better than a typical bank*

"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."

Personal account manager
Multi-currency card
Receive to bank account
6
Wise
Recipient gets (CAD)
$9,334.43
Full transfer details
Visit Wise
$215 better than a typical bank*

"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for large transfers
7
Instarem
Recipient gets (CAD)
$9,300.00
Full transfer details
Visit Instarem
$181 better than a typical bank*

"Most transfers are instant or same-day. Customers can earn rewards on every transaction."

Personal account manager
Multi-currency card
Receive to bank account
Receive a £/$/€25 gift card when you refer a friend! (T&Cs apply)
8
Xe
Recipient gets (CAD)
$9,280.00
Full transfer details
Visit Xe
$161 better than a typical bank*

"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for larger transactions
Mid-market rate updates every 60 minutes
Estimated Rates
We don't have access to live rates from these companies. Instead, we've researched their average exchange rates and fees.
Panda Remit
Recipient gets (CAD)
$9,372.76
Sponsored
Wise
Recipient gets (CAD)
$9,334.43
Full transfer details
Visit Wise
$215 better than a typical bank*

"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for large transfers
Sponsored
Receive a £/$/€25 gift card when you refer a friend! (T&Cs apply)
Xe
Recipient gets (CAD)
$9,280.00
Full transfer details
Visit Xe
$161 better than a typical bank*

"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for larger transactions

Best choice: Wise

Wise is our recommended way to send Yen to CAD.

We tested & reviewed dozens of money transfer providers, and Wise scored highly.

Transferring 1,000,000 JPY to CAD will cost you ¥7077 in fees, and you will receive 9,334.43 CAD. The delivery time is next day, but it depends on the day you make the transfer.

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

Wise is the top rated company for sending money from Japan (JPY) to Canada (CAD) - Wise Screenshot

How to send money from Japan to Canada

Summary of recent searches

Top rated for transfers from Japan to Canada
Wise
Total number of JP - CA providers
12
Average cheapest fees & rate
Key Currency
Average fastest transfer
Regency FX
Average transfer time
Within minutes
Best for bank transfers
Key Currency

Sending money from Japan to Canada considerations

1
Compare providers

A comparison of providers offering services between Japan and Canada is the easiest way to ensure the best deal.

We've compared 12 providers that offer services for sending Yen to Canada.

This ensures you will get the best options for your transfer to Canada from Japan.

Whilst we rate Wise as the best overall, comparing gives you a comprehensive view of all the options for transferring money from Japan to Canada.

2
Get the most from the Yen-Canadian Dollar exchange rate
3
Choose the right payment method
4
Financial regulations in Japan and Canada
5
Consider transfer limits
6
How to receive money
7
Have your ID ready
8
Tax declarations

Cheapest way to send money to Canada from Japan: Key Currency

Key Currency combines the lowest fees with the best exchange rate and from the 12 companies compared offers the cheapest transfers to Canada from Japan.

Data collected through our comparison over the past week shows that Key Currency is 0.02% cheaper than the second-best option.

The cost is made up of a fee of 0 JPY and an exchange rate for buying Canadian Dollar with Yen that is 0.25% different to the mid-market rate.

If you want to secure the best rates on a Japan to Canada transfer, Key Currency offers value. We would still recommend searching for the amount you want to send to Canada.

Key Currency is the cheapest way to send money from Japan (JPY) to Canada (CAD) - Key Currency Screenshot

Fastest way to send money to Canada from Japan: Regency FX.

Of the 12 companies offering Japan to Canada, Regency FX is the quickest.

If you send ¥1,000,000 with Regency FX to Canada, the transfer time is minutes - 24 hours. This is currently the fastest option, but can vary depending on how much JPY you send to Canada.

Sending money from Japan to Canada through Regency FX has a fee of 0 JPY.

To find the fastest company, we compared 12 money transfer providers for the overall speed of sending money from Japan to Canada. This was made up of depositing Yen to a money transfer account and transfer times to Canada.

When looking for the fastest money transfer, Regency FX is our best choice for sending into Canada from Japan.

Sending a large amount of money?

For big transfers from Japan to Canada, competitive pricing & strong customer service are essential.

Of the
12 providers compared, Wise is the best rated for higher transfer amounts.

Sending large amounts of money can be expensive, and while Wise may not always be the fastest or cheapest way to send money from Japan to Canada, it's a great provider for things like buying or selling property.

Understanding the costs involved when moving money from Japan to Canada

The total cost of money transfers to Canada from Japan, is a combination of exchange rates and fees. Sending with a company that can offer a good competitive rate and low (or no) fees is the best way to get a good deal.

The Mid-Market and Exchange Rates: The current mid-market for JPY-CAD is 0.0094 CAD per Yen.

  • Using a transfer company offering an exchange rate closer to this will result in being able to buy more Canadian Dollar for your Yens.

  • On average for the last week, the JPY-CAD mid-market rate has been 0.0094 CAD per Yen. This hit a high of 0.0095, and a low of 0.0094.

  • From the 12 companies compared, Key Currency offers the best exchange rates.

  • The biggest factor in the overall cost of sending money is the exchange rate you receive on converting JPY to CAD.

Fees: Some money transfers between Japan and Canada will be subject to fees. Key Currency has a fee of 0 JPY based on a 1,000,000 JPY transfer.

Although you should search for your send amount for actual fees as your scenario may be different.

Amount Received: Money transfer companies will show you the amount of Canadian Dollar eventually received in Canada.

This number should guide you, as a higher amount of money received in Canada means a better overall cost of sending money from Japan.

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

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

Mid-market Rate
1 
=
0.009379 
CAD

Let's dive into some interesting recent trends.

  • Over the past week, the exchange rate from JPY to CAD has seen some fluctuation. On average, it stood at 0.0094.

  • During this period, the highest value recorded was 0.0095, while the lowest was 0.0094.

  • Wise, which is our recommended service to send money online from Japan to Canada offers an exchange rate that is only 0.01% 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!

Paying for your Japan to
Canada money transfer

  • Bank transfers

    A bank transfer is often the default option for money transfers from Japan to Canada.

    By using a money transfer company such as Key Currency to send money from Japan to Canada, you can while benefit from lower fees and more favorable exchange rates than a bank would offer. 


    On average, Key Currency is the cheapest money transfer provider for bank transfers from the 12 we tested when sending JPY to Canada.

    With a fee of JPY0 to send money from Japan to Canada, Key Currency offers a great combination of competitive exchange rates and lower fees.


  • Debit and prepaid cards

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


    is a great choice for sending money with a debit card from Japan to Canada. This is from the 12 money transfer companies compared.

  • Credit cards

    When it comes to credit card transfers from Japan to Canada, we recommend comparing your options to get the best deal.

    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 Canada and Japan.


Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.

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.

Money transfer company reviews

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Contributors

Keith Hodges
Keith is an experienced Content Specialist with a rich background in both marketing and journalism within the financial sector. At MoneyTransfers.com, Keith plays a pivotal role in driving the business forward and broadening its reach in various international money transfer markets. His expertise is a key factor in the company's expansion and success.
Luke Eales
Luke is CEO at MoneyTransfers.com, with 10 years' experience building consumer products in finance, insurance & travel. Luke focuses on the payments sector and foreign exchange markets, as well as personal finance more broadly.
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