Send money from Canada to the US
Sending Canadian dollars to the US for property, business or family reasons? See the CAD to USD exchange rate available for your transfer upfront, understand the margin you're paying and get personal support when you want it.
- See your CAD to USD exchange rate instantly
- Transparent 0.25%-0.40% margin, depending on transfer size
- No Currencyflow payment transfer fees
- Personal support, including direct access to our founder
Send, save... & relax.
Transparent pricing, always shown upfront.
Your funds are safeguarded and kept separate from Currencyflow's operational funds. They are held in segregated safeguarded accounts through our FCA-authorised payment institution partner, Sciopay Ltd (FRN 927951).
By Freddie Smith, Founder & CEO, Currencyflow · Updated 29 October 2026
Sending money from Canada to the US? Here's what to know
A Canada to US transfer may be for a property purchase, business payment or another expense priced in US dollars. Even across neighbouring markets, the CAD to USD exchange rate matters when you're converting a larger amount or working towards a fixed USD total.
Think about whether the priority is the date of the payment, the exact amount the recipient needs, or flexibility over when you exchange. Currencyflow shows you your exchange rate upfront so you can make that decision with the numbers in front of you.
Why people send money from Canada to the USA
As each other's biggest trading partners, Canada and the US see constant transfers for business, family, property, and investment.
Business and supplier payments
Family support and study costs
Property and investment
Relocation
Why send money to the US with Currencyflow
| Feature | Currencyflow | High Street Banks |
|---|---|---|
| Exchange rate | Fixed, transparent, competitive | Often wider and less transparent |
| Transfer fees | No payment transfer fees | Often charged |
| Speed | Same-day (most cases) | Several days |
| Support | Dedicated account manager | Call centre/branch |
| Rate lock | Forward contracts available | Rarely offered |
| Account setup | Free, no ongoing fees | Sometimes charged |
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Currencyflow indicative CAD to USD rate
1 CAD = 0.7133 USD
As of , the Currencyflow indicative CAD to USD rate is 1 CAD = 0.7133 USD, based on a CA$100,000 transfer with a 0.30% margin.
Your actual exchange rate may vary depending on the amount you send because our margin varies by transfer size. See our rates, margins and fees →
Currencyflow rates are indicative and confirmed when you book. No payment transfer fees.
Get a personalised CAD to USD quote →Currencyflow CAD to USD rates by transfer amount
Currencyflow exchange rates vary according to the amount you send.
| You send (CAD) | You receive (USD) | Currencyflow rate | Margin | Payment transfer fee |
|---|---|---|---|---|
| CA$10,000 | $7,125 | 1 CAD = 0.7125 USD | 0.40% | None |
| CA$20,000 | $14,251 | 1 CAD = 0.7125 USD | 0.40% | None |
| CA$50,000 | $35,663 | 1 CAD = 0.7133 USD | 0.30% | None |
| CA$100,000 | $71,340 | 1 CAD = 0.7134 USD | 0.28% | None |
| CA$200,000 | $142,723 | 1 CAD = 0.7136 USD | 0.25% | None |
| CA$500,000 | $356,808 | 1 CAD = 0.7136 USD | 0.25% | None |
| CA$1,000,000 | $713,616 | 1 CAD = 0.7136 USD | 0.25% | None |
| CA$2,000,000 | $1,427,233 | 1 CAD = 0.7136 USD | 0.25% | None |
| CA$5,000,000 | $3,568,082 | 1 CAD = 0.7136 USD | 0.25% | None |
Currencyflow rates are indicative, updated hourly, and confirmed when you book. No payment transfer fees.
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How to transfer money to the US from Canada
See your exchange rate
Open your account
Send your funds
We make your international payment
Planning your CAD to USD transfer
Decide whether the amount or timing matters most
Fix a rate for a future transfer
Set a target rate if your timing is flexible
See CAD to USD rates and history
Sending Canadian dollars to a US bank account
If your funds are held with a Canadian bank such as RBC, TD, Scotiabank, BMO or CIBC, you can fund your Currencyflow transfer using the account details supplied when you book.
Once you’ve agreed your CAD to USD exchange rate, you send the Canadian dollars to Currencyflow. We convert them into US dollars at the agreed rate and send the USD to the American bank account you’ve provided.
US bank accounts do not use IBANs. Recipient details will typically include a nine-digit routing number (also called an ABA number) and an account number, and you may also need to confirm whether the account is checking or savings. A SWIFT/BIC may be required depending on the payment route.
Customers use this corridor for cross-border living costs, business payments, investments and supporting family in the US.
How long does a transfer from Canada to the USA take?
Most transfers arrive the same working day or the next.
- Shared time zones. Canada and the US run on the same clock, so a transfer funded in your day generally reaches the account within US banking hours the same day.
- When you fund the transfer. Sending your Canadian dollars to us earlier in the day gives the payment the best chance of completing that working day.
- First-transfer verification. Your first payment can take a little longer while your account is verified, then later transfers are quicker.
- Compliance checks on larger amounts. A big investment or property payment may need source-of-funds evidence, so having it ready avoids a pause.
- Weekends and public holidays. Bank processing pauses over weekends and public holidays in either country, which can add a day around those dates.
A bank on this route typically takes two to four working days. With us, most CAD to USD transfers land same or next working day, helped by the shared time zones.
What do you need to send money to the USA?
To send money to a US bank account, you'll need:
- Photo ID, either a passport or a driver's licence.
- Proof of address, such as a recent utility bill or bank statement.
- The recipient's full name as it appears on their US account.
- The recipient's routing (ABA) number, account number and type, and the bank's SWIFT/BIC code.
- The purpose of the transfer, which we'll ask about for larger amounts.
- Source-of-funds evidence for a large transfer, such as a pay stub, a sale statement, or evidence of savings.
US banks receive international payments using a routing (ABA) number, an account number, the account type, and the bank's SWIFT/BIC code, so make sure your recipient gives you all of them.
Legal and tax notes for Canada to USA transfers
- On the Canadian side, Canada has no gift tax and no inheritance or estate tax, so gifting money out or sending your own savings isn't taxed at the point of sending. What Canada does tax is capital gains, and death triggers a deemed disposition of assets, so proceeds you're moving may already have carried a gains tax before they reach you. That's a tax on the underlying gain, separate from sending the money abroad.
- International electronic funds transfers of CAD 10,000 or more are reported to FINTRAC by the provider as an anti-money-laundering measure, which is a compliance step, not a tax or a cost to you.
- On the US side, receiving money isn't taxed as income, and US gift tax falls on the giver, not the recipient. Because you're sending from Canada (a non-US person), a US recipient must report the gift to the IRS on Form 3520 only if the total from you exceeds $100,000 in a tax year, identifying each gift over $5,000 once that threshold is crossed. It's an information return, not a tax, though the penalties for missing it are steep.
- That $100,000 reporting threshold is a separate rule from the US annual gift tax exclusion of $19,000 per recipient. The annual exclusion is a donor-side rule that only applies to US citizens and residents giving gifts, so it doesn't apply to you sending from Canada. Don't confuse the recipient's $100,000 reporting threshold with the donor's $19,000 exclusion, they cover different people.
- These notes are general information, not tax advice. Cross-border investments, property, and large gifts are exactly the situations where it's worth taking professional advice on both sides.
Why trust Currencyflow
Your funds are safeguarded
Client funds are held in segregated safeguarded accounts through our FCA-authorised payment institution partner, Sciopay Ltd (FRN 927951), separate from Currencyflow's operational funds.
Personal support when you want it
Speak with us by phone, WhatsApp or email, including direct access to our founder, Freddie, when you want to talk through your transfer.
Secure account and payment processes
Currencyflow uses security measures including two-factor authentication and transaction monitoring to help protect accounts and payments.
Frequently asked questions
Written by
Freddie SmithFounder & CEO, Currencyflow
Freddie Smith is the Founder and CEO of Currencyflow, an international foreign exchange and payments specialist focused on high-value transfers for individuals and businesses worldwide. With over 12 years of commercial experience across financial services and digital media, including several years working with financial services comparison platforms, Freddie has spent his career at the intersection of partnerships, growth strategy, and money movement. He founded Currencyflow to bring transparent, fixed-margin pricing and personal relationship management to clients making significant international transfers.
Last updated 29 October 2026
