Looking to send money to Canada? Money Transfer to Canada can help you with all aspects to your money transfer to Canada , with live exchange rates, historical data and charts and links to the brokers that can best help you. Please use the Canada currency table to see the top exchange rates for sending money to Canada .
Currency in Canada
The currency in Canada is the Canadian Dollar. Most places, especially those near the Canada / U.S. border, will also accept U.S. dollars, but exchange rates may vary or be unfavourable. Canadian Dollar are commonly available in $5, $10, $20, $50 and $100 dollar. The $1 and $2 bills have been replaced with coins
Send Money To Canada
Covering an area larger than that of the United States and making up most of the northern part of the North American continent, Canada has an extremely varied topography. The east has mountainous Maritime Provinces with an irregular coastline on the Gulf of St. Lawrence and the Atlantic . Most of southern Quebec and Ontario is covered by the St. Lawrence plain, and southern Manitoba , Saskatchewan and most of Alberta is covered by the interior continental plain. These are the principal cultivable areas. These regions are separated by a forested plateau rising from Lakes Superior and Huron.
Westward toward the Pacific, parallel mountain ranges including the Rockies cover most of British Columbia , the Yukon , and part of western Alberta . The Pacific coastal border is ragged with fjords and channels. Mount Logan at 19,850 ft (6,050 m) is the highest point in Canada , which is in the Yukon . The Mackenzie and the St. Lawrence are the two principal river systems. The St. Lawrence, with its tributaries, can be navigated for over 1,900 mi (3,058 km).
Money Transfer To Canada
Currencies usually accepted: Canadian Dollar
Typical time for transfer to arrive: Same day when sent through money transfer provider.
US bank charges: Around $25 will usually be charged by the Canadian banks for routing funds
Payment details needed:
Account Number
Transit Number
Institution Number (Bank Code)
BIC or SWIFT Code (Optional)
Name of Beneficiary (and address if you have it)
Name of Canadian Bank (and address if you have it)
Any other routing instructions (eg, send via a particular routing bank)
There are further techical details below, although money transfer payments providers will take care of ensuring payment details are in the correct format before initiating any payments on your behalf.
Canadian BIC or SWIFT code Format: BBBBCCLL or BBBBCCLLDDD
B = Bank Code (Only Letters)
C = Country Code 'CA' (Only Letters)
L = Location Code (Letters & Digits)
D = Branch Code Optional ('XXX' for Head Office - Letters & Digits)
Ten provinces make up the Canada federation ( Alberta , British Columbia , Manitoba , New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island, Quebec, and Saskatchewan ) with three territories ( Northwest Territories, Yukon, and Nunavut ).
Canada is a constitutional monarchy which is governed by its own House of Commons. While the governor-general is officially the representative of Queen Elizabeth II, in reality the governor-general acts only on the advice of the Canadian prime minister.
Moving to Canada expats have to be made of a more resilient fibre than many; for a comfortable life they will need to be willing to sacrifice low pay and lower temperatures. Between its borders, although the north is little traversed and mostly uninhabitable, the country has truly endless places to see.
The population is mostly confined to the far south, with an even greater concentration around the Toronto area. Yet in the cities of Toronto , Montreal and Vancouver , expats in Canada will find it's easy to maintain a cosmopolitan lifestyle that is still filled with rugged outdoor adventure.
Expats wanting to forge a new life abroad has long found Canada as a welcoming country. The government's pro-immigration approach is widely publicised , the subject even being seen as an election decider - the party which outlines the most positive plans usually gaining office.
So why is Canada so welcoming of migrants and does draw up plans for immigration reform or immigration caps? Canadians, it seems, are just not procreating enough, this leads to skills shortages in most industries in Canada . With a lack of skilled workers, and empty positions that require filling, this means that they must attract immigrants from abroad.
Canada has a strong employment market
Canada 's approach to immigration is nothing new - what has changed, however, over the past two years is the state of the rest of the world.
With the USA and UK experiencing their worst spells of unemployment for nearly 20 years. The current problems impacting on Greece 's banks and subsequently other Euro nations, Spain Portugal and Ireland included, is making things even tougher for European workers.
As a result scores of people have been re-evaluating their positions, not only for the great lifestyle a move to Canada will offer (the weather for Brits and taxes for Americans) but out of necessity. With unemployment continuing to grow elsewhere, Canada seems to have avoided this problem amid reports of employment rising in the thousands.
A recent HSBC report stated that " Canada 's April employment is up 109,000; and unemployment dropping by 0.1 percent to 8.1%."
