How to send money to Canada from Brazil with the best BRL-CAD rate

A comparison of providers offering services between Brazil and Canada is the easiest way to ensure the best deal.

Here are your top options for sending money from Brazil to Canada

• Wise is our recommended company for BRL to CAD transfers. For example, sending 40,000 BRL to CAD will cost you R$1643.56 in fees, and you will receive 10,572.49 CAD. The delivery time usually is next day, but it depends on the day you make the transfer.

• Revolut offers a combination of the lowest fees and best exchange rates - making it the cheapest transfer service for sending Brazilian Real to Canada. It is 0.9% cheaper than the second-best option. The is cost is made up of BRL-CAD exchange rate that is 0.2% different to the mid-market rate and the a of 60 BRL.

• Fastest way to transfer money to Canada from Brazil is with Revolut. For sending R$40,000 with Revolut to Canada now, the transfer time is within minutes.

We've compared 3 providers that offer services for sending Brazilian Real to Canada.

This ensures you will get the best options for your transfer to Canada from Brazil.

An exchange rate determines the price you will pay when buying Canadian Dollar. A better exchange rate means more money reaching the recipient in Canada.

The current rate between the Brazilian Real and Canadian Dollar is 0.2733. With the BRL-CAD exchange rate changing almost constantly, it pays to know the averages to get a better deal.

The total cost of sending money to Canada from Brazil, is made-up of a combination of fees and exchange rates. Sending with a company that can offer a good deal on both ensures a good deal on your transfer.

• The Mid-Market and Exchange Rates: Currently, the mid-market for BRL-CAD is 0.2733 CAD per Brazilian Real.

• Fees: Transfer fees may have to be paid alongside the transfer, either as a set fee or a percentage of the transfer. Revolut, cahrges 60 BRL per transfer, which is currently the cheapest option. Although you should search for your send amount for actual fees.

• Amount Received: Money transfer companies will show you the amount of Canadian Dollar eventually received in Canada.

A better option is to use a forward contract can also allows you to lock in an agreed exchange rate between Brazil and Canada.

Paying via bank transfer is the payment method that will get you the best price with a money transfer company. When sending money from Brazil to Canada.

Here are all the ways to send money from Brazil to Canada:

Bank transfers

A bank transfer is often the default option for money transfers from Brazil to Canada.

By using a money transfer company such as Revolut to send money from Brazil to Canada, you can while benefit from lower fees and more favorable exchange rates than a bank would offer. 


Debit and prepaid cards

Sending money from Brazil to Canada with a prepaid or debit card is very easy with Paysend.


Paysend is a great choice for sending money with a debit card from Brazil to Canada. This is from the 3 money transfer companies compared.

Credit cards

When it comes to credit card money transfers from Brazil to Canada there aren't that many options, mainly because it's more expensive.

If you have to, we recommend running a quick comparison to get the best deal on CAD

Companies offering money transfers between Brazil and Canada have minimum or maximum thresholds on how much money you can send.

Rates and fees for different transfer amounts could change if you pass a threshold - that’s why it’s best to compare BRL-CAD rates for your specific transfer amount.

For regular transfers from Brazil to Canada, shopping around each time can make a huge difference.

We’ve recommended Wise for sending BRL to Canada, because of their combination of rates and fees when sending from Brazil to Canada that is the most competitive, even at larger amounts.

Check with the recipient and understand any declarations needed on large amounts of money entering Canada from Brazil.

There are different ways to receive Canadian Dollar in Canada. The most popular options are direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account.

All providers work differently and not all offering transfers from Brazil to Canada support every method for receiving Canadian Dollar so it’s best to check ahead of time.

Sending directly to a bank account in Canada is one of the most common ways to receive money from Brazil. For most part, this is convenient but does have receiving fees to potentially be aware of.

Wise is the best company for bank transfers between Brazil and Canada.

Cash pickup is popular in Canada, but not always supported and can be costly compared to cheaper options.

Mobile wallet or P2P services and payment apps like PayPal, Zelle, and CashApp are popular because of convenience. They come with more limitations and higher costs compared to money transfer providers like Revolut, and are recommended for domestic payments only.

When sending Canadian Dollar to Canada, you will need to verify your ID with your chosen money transfer company.

The documents you need will vary and in some cases you might need more than one.

For the most part, accepted IDs in Brazil include government issued IDs such as passports or driver's licenses. If the recipient needs an ID to collect money in Canada, the options are similar.

Large transactions between Brazil and Canada can be subject to additional checks such as proof of funds for anti-money laundering purposes. These won’t be needing when signing up, but will be need ahead of any transfer.

One of the reasons Wise has scored so highly for transfers to Canada is their easy sign up process in Brazil.

When sending money between Brazil and Canada there will be tax declarations to consider.

Some transfers into Canadian Dollar may need to be reported to tax authorities in Canada and Brazil, depending on size and particularly where inheritance or property purchases are involved.

Tax limits and personal allowances will change in Canada based on age, income and a few other elements - such as whether the funds are a gift. Tax law can be confusing, when in doubt, please contact a tax professional in Brazil or Canada to discuss your personal circumstances to ensure you are not missing any specific tax declarations associated with your international money transfer.