500,000 Canadian newcomers send money home each year. Picking the wrong service costs $50-150 per transfer. Wise + Remitly typically win — banks lose. Live calculator for your corridor below.
★ YOUR DESTINATION ★
Top remittance corridors
$1,000 CAD→🇮🇳 ~61,500 INR
★ SERVICE COMPARISON · 🇮🇳 CANADA → INDIA ★
Ranked by total received
★ BEST
Wise
RATE SPREAD0.5%
FEE$5
SPEED1-2 hours
RECIPIENT GETS60,887 INRTotal cost: $613 CAD
#2
RemitlyOften best for India/Philippines
RATE SPREAD1.2%
FEE$0
SPEED2-3 hours (Express)
RECIPIENT GETS60,762 INRTotal cost: $738 CAD
#3
WorldRemit
RATE SPREAD1.0%
FEE$4
SPEED1-2 hours
RECIPIENT GETS60,641 INRTotal cost: $859 CAD
#4
CIBC Global Money TransferFree for newcomers · Visa Direct rails
RATE SPREAD1.5%
FEE$0
SPEED1-2 business days
RECIPIENT GETS60,578 INRTotal cost: $923 CAD
#5
RBC Express
RATE SPREAD1.8%
FEE$6
SPEED1-2 days
RECIPIENT GETS60,031 INRTotal cost: $1469 CAD
#6
Western UnionPremium speed but expensive
RATE SPREAD3.5%
FEE$8
SPEEDMinutes (premium)
RECIPIENT GETS58,873 INRTotal cost: $2627 CAD
✗ WORST
Banks (Big-5 general)Most expensive · last resort
RATE SPREAD3.0%
FEE$15
SPEED2-5 days
RECIPIENT GETS58,760 INRTotal cost: $2740 CAD
★ TIPS BY CORRIDOR ★
What pros use
🇮🇳 INDIA
Use Remitly Express + Wise. Both have direct UPI/IMPS to most Indian banks. Avoid banks (Big-5 charge 2-3% spread). Western Union is 3x more expensive.
🇵🇭 PHILIPPINES
Remitly is corridor leader. Direct to GCash, BPI, BDO accounts. Wise close second. Banks rarely competitive on PHP.
🇨🇳 CHINA
Trickier corridor. Wise + WorldRemit work. Banks have strict CNY rules. Many newcomers use Hong Kong intermediaries.
🇳🇬 NIGERIA
WorldRemit + Remitly. Direct deposit to GTBank, First Bank, Access Bank. Skip Western Union — too expensive.
★ THE 2 HIDDEN COSTS ★
What providers don't advertise
FX RATE SPREAD
The "free" providers charge here. Banks add 2-3% on top of mid-market rate. Wise charges 0.5%. On $1k = $25 vs $5 difference.
FLAT TRANSFER FEE
$0-$15 per send. "Free" usually means they're recovering it via rate spread. Always check BOTH spread + fee.