Newcomers2 min read · Updated October 21, 2026
Sending money home from Canada: what to compare
How to compare money transfer services: the fee, the exchange rate and what your family actually receives.
The two costs
The fee you pay, and the gap between the rate you get and the mid-market rate (the fair rate on Google or xe.com).
How to compare
Enter the amount you send in each service. Write down what your family would receive. Pick the highest. Do it at the same time, because rates move.
Stay safe
Use licensed services and never send money to someone you have not met in person. Scams target newcomers.
Common questions
What is the cheapest way to send money from Canada?
Whichever service gives your family the most money after the fee and exchange rate. Compare them at the same moment.
What is the mid-market rate?
The fair rate between two currencies, before any service adds its margin.