Best Way to Send Money to India
from Canada
Compare live CAD to INR exchange rates across 4 leading platforms. Find the cheapest transfer for your money.
Indian Diaspora
1.8 million
Annual Remittance
$5.1 billion
Average Transfer
$1,200
Top Providers for Canada → India
4 providers compared
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Frequently Asked Questions: Canada → India
What is the cheapest way to send money from Canada to India?
Wise consistently offers the lowest total cost for CAD to INR transfers, especially for amounts over $1,000. Remitly offers zero-fee deals for new customers.
How long does a CAD to INR transfer take?
Wise and Remitly deliver within minutes to hours. OFX typically takes 1-2 business days.
Are there limits on sending money from Canada to India?
FINTRAC requires reporting for transfers over CAD $10,000, but there's no sending limit. Provider limits vary from $15,000 to $250,000+.
Do I pay Canadian tax on remittances to India?
No. Sending money abroad is not a taxable event in Canada. However, large gifts may have implications under Indian tax law.
Send Money to India From Other Countries
Canada is home to an Indian diaspora of approximately 1.8 million people, contributing $5.1 billion in annual remittances to India. RemitIQ helps you compare live CAD to INR exchange rates across 4+ platforms to find the absolute best deal — no hidden fees, no conflicts of interest.