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

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.

Transferring the other way? Send JPY from Japan to Canada instead.
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July 6th, 2025
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Best money transfer companies

Send money from Canada to Japan

Last updated: Today
Mid-market rate as of 07/06/2025: 1 CAD = 105.569635 JPY
Results below are based on a 10000 CAD search
0 of 15 providers
Sponsored
Wise
Recipient gets (JPY)
¥1,056,796.00
Full transfer details
Visit Wise
¥32,771 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 (JPY)
¥1,034,494.00
Full transfer details
Visit Xe
¥10,469 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:
1
Wise
Recipient gets (JPY)
¥1,056,796.00
Full transfer details
Visit Wise
¥32,771 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
2
Currencies Direct
Recipient gets (JPY)
¥1,055,772.00
Full transfer details
Visit Currencies Direct
¥31,747 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
Exclusive: Special Rate for 1st Transfer
3
Key Currency
Recipient gets (JPY)
¥1,053,057.11
Full transfer details
Visit Key Currency
¥29,032 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: Special Rate for 1st Transfer
4
Currencyflow
Recipient gets (JPY)
¥1,052,951.54
Full transfer details
Visit Currencyflow
¥28,926 better than a typical bank*

"Currencyflow is a modern FX broker backed by industry veterans with 30+ years of currency trading experience. Contact the UK-based team for a free quote."

Personal account manager
Multi-currency card
Receive to bank account
Support via email, phone, live chat + WhatsApp
Exclusive: First Transfer Deal
5
Regency FX
Recipient gets (JPY)
¥1,052,845.97
Full transfer details
Visit Regency FX
¥28,821 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)
6
TorFx
Recipient gets (JPY)
¥1,052,529.26
Full transfer details
Visit TorFx
¥28,504 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
7
OFX
Recipient gets (JPY)
¥1,049,716.00
Full transfer details
Visit OFX
¥25,691 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
8
Remitly
Recipient gets (JPY)
¥1,038,200.00
Full transfer details
Visit Remitly
¥14,175 better than a typical bank*

"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."

Personal account manager
Multi-currency card
Receive to bank account or cash pickup
Receive a £/$/€25 gift card when you refer a friend! (T&Cs apply)
9
Xe
Recipient gets (JPY)
¥1,034,494.00
Full transfer details
Visit Xe
¥10,469 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 (JPY)
¥1,052,108.25
Not Recommended
These providers aren't as competitive as the others we've reviewed.
  • PayPal
    PayPal
    Recipient gets (JPY)
    ¥971,916.29
    Not recommended
  • HSBC
    HSBC
    Recipient gets (JPY)
    ¥1,020,364.83
    Not recommended
Sponsored
Wise
Recipient gets (JPY)
¥1,056,796.00
Full transfer details
Visit Wise
¥32,771 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 (JPY)
¥1,034,494.00
Full transfer details
Visit Xe
¥10,469 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 way to send: Wise

Wise is our top pick for sending CAD to JPY.

We tested & reviewed 15 money transfer companies offering services between Canada and Japan, and Wise scored highly.

For example, sending 10,000 CAD to JPY will cost you $55.28 in fees, and you will receive 1,056,796 JPY. The delivery time is within a week, but it depends on the day you make the transfer.

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

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

How to compare deals on your Canada to Japan transfer

Summary of recent searches

Top rated for transfers from Canada to Japan
Wise
Total number of CA - JP providers
15
Average cheapest fees & rate
Wise
Average fastest transfer
Currencies Direct
Average transfer time
Within minutes
Best for bank transfers
Wise
Best for debit card
Xe

What to consider ahead of money transfers from Canada to Japan

1
Compare providers

Comparing based on your specific needs is the best way to send money from Canada to Japan with confidence.

Our analysis, and search results, include 15 providers that operate between Canada and Japan. These are ranked by speed, overall cost and ease of use.

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

2
Understand the Canadian Dollar-Yen exchange rate
3
Choose the right payment method
4
Use providers regulated in Canada and Japan
5
Consider transfer limits
6
Receiving money in Japan
7
Have your ID ready
8
Don't forget about taxes

Cheapest way to transfer money from Canada to Japan: Wise

Wise is the cheapest way to send money to Japan from Canada out of the 15 companies compared.

Data collected over the past week shows that Wise is 0.1% cheaper than the second-best option.

This includes the transfer fee of 55.28 CAD an exchange rate for buying Yen with Canadian Dollars that is -0.66% different to the mid-market rate.

If you want to secure the best rates on transfers from Canada to Japan, Wise will result in the most Yen received.

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

Fastest way to transfer money to Japan from Canada: Currencies Direct.

We tested 15 companies offering transfers from Canada to Japan and Currencies Direct offered the quickest option.

For example, if you send $10,000 with Currencies Direct to Japan now, the transfer time is minutes - 24 hours.

This can vary depending on your needs, smaller transfers to Japan are likely to arrive quicker.

When using Currencies Direct to send money from Canada to Japan you can expect a fee of 0 CAD. Although we would recommend comparing the amount you want to send.

When testing the 'fastest' options we compared 15 money transfer providers. To test overall speed of sending money from Canada to Japan we included the timeframe for depositing Canadian Dollar to a money transfer account and average transfer times to Japan.

When sending money to Japan from Canada quickly is a priority, Currencies Direct is our recommended choice.

Currencies Direct is the fastest way to send money from Canada (CAD) to Japan (JPY) - Currencies Direct Screenshot 1
Currencies Direct is the fastest way to send money from Canada (CAD) to Japan (JPY) - Currencies Direct Screenshot 2

Send large sums of money abroad with Currencies Direct

Transferring bigger amounts of money to Japan from Canada needs a strong exchange rate and effective transfer management.

From the
15 options we compared, Currencies Direct offers the strongest all-round option for large transfers to Japan from Canada.

Whatever the reason, sending large sums of money can be expensive if you get a bad exchange rate from Yens to Yen.

As such, we recommend Currencies Direct for large Japan transfers.

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 106.1329 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 7 days has been 105.7278 JPY per Canadian Dollar. This includes a high of 106.3601, and low of 105.2932.

  • Out of the 15 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. Wise has a fee of 55.28 CAD per transfer (which is the cheapest option right now for a $10,000 transfer).

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.

Getting the best exchange rate for Canadian Dollar to Yen

Tracking the mid-market rate can make a huge difference when sending money CAD to JPY. The exchange rate you secure impacts how much JPY you get for your CAD.

Mid-market Rate
1 
=
106.132920 
JPY

Here's some data on recent trends in the mid-market rate.

  • Over the past 7 days, the interbank rate from CAD to JPY has seen some fluctuation. On average, it has been 105.7278.

  • During this period, the highest value level was 106.3601, with a low of 105.2932.

  • Wise, which is our recommended service to send money online from Canada to Japan offers an exchange rate that is only -0.66% above the mid-market rate.

Want to secure the best CAD-Yen exchange rates?

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

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 Wise 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, Wise is the cheapest money transfer provider for bank transfers from the 15 we tested when sending CAD to Japan.

    With a fee of CAD55.28 to send money from Canada to Japan, Wise 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 Xe.


    Xe is a great choice for sending money with a debit card from Canada to Japan. This is from the 15 money transfer companies compared.

  • Credit cards

    When it comes to credit card money transfers from Canada to Japan there aren't that many options, mainly because it's more expensive.

    If you have to, we recommend running a quick comparison to get the best deal on JPY

    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, 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 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.

Money transfer company reviews

How much money can be transferred from Canada to Japan?
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Can I send money from Canada to Japan with MoneyTransfers.com?
What are the typical transfer fees for sending Canadian Dollars to Japan through various providers?
How long does it take to send money from Canada to Japan?
What is the best exchange rate I can get for sending money from Canada to Japan?
Are there any minimum or maximum transfer amounts for sending money from Canada to Japan?
Can I schedule regular transfers between Canada and Japan?

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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