How to send money to Philippines from Canada with the best CAD-PHP rate

Comparing providers offering services between Canada and the Philippines based on your specific transfer amount, is the easiest way to get the best price on your transfer.

Right now, these are your best options for sending money from Canada to the Philippines

• Wise scored the highest of the 12 money transfer companies supporting CAD to PHP transfers. For example, sending 10,000 CAD to PHP will cost you $74.34 in fees, and the recipient will get 429,020.77 PHP. The delivery time is next day.

• The cheapest option is WorldRemit. Our data shows, over the past week, that WorldRemit is 1.05% than the second-best option when sending via a bank transfer. This includes a fee of 0 CAD and a CAD-PHP exchange rates.

• Fastest money transfers to the Philippines from Canada is with Taptap Send. Right now, if you send $10,000 with Taptap Send to Philippines, the transfer time is minutes. When sending money from Canada to the Philippines, Taptap Send has a fee of 0 CAD. Although we would recommend comparing the amount you want to send.

We cover the entire CAD-PHP market and have compared 12 providers offering services between Canada and the Philippines.

This ensures you will get the most comprehensive options for sending Canadian Dollar to the Philippines.

Whilst we rate Wise as the best overall for transfers between the two countries, comparing gives you the best idea for your specific Canada to the Philippines transfer needs.

The exchange rate determines the price you will pay when buying Philippine Peso in Canada. A better exchange rate means more Canadian Dollars being sent to the Philippines.

The current rate between the Canadian Dollar and Philippine Peso is 43.3241.

The total cost of money transfers to the Philippines from Canada, is a combination of exchange rates and fees. Sending with a company that can offer a good competitive rate and low (or no) fees is the best way to get a good deal.

• The Mid-Market and Exchange Rates: The current mid-market for CAD-PHP is 43.3241 PHP per Canadian Dollar.

• Fees: Some money transfers between Canada and the Philippines will be subject to fees. Although you should search for your send amount for actual fees as your scenario may be different.

• Amount Received: Money transfer companies will show you the amount of Philippine Peso eventually received in the Philippines.

A safer option if you want to get a particular rate is to use a forward contract, especially for large Canadian Dollar transfers to Philippines. This allows you to lock in an agreed exchange rate between Canada and the Philippines.

Sending via a bank transfer is the payment method that will get you the best price on a transfer from Canada to the Philippines.

Here are all the ways to fund your transfer:

Bank transfer

Bank transfers are often the best and easier way to send money from Canada to the Philippines.

By using a money transfer company such as WorldRemit for transfers from Canada to the Philippines, you can send money via a bank transfer and benefit from lower fees and more favorable exchange rates than would be offered by a bank. 


Debit and prepaid cards

Sending money from Canada to the Philippines with a debit or a prepaid card is easy with Xe.


Xe is a leading money transfer company for debit card payments, and offers transfers from Canada to the Philippines.

Credit cards

When it comes to sending money with a credit card from Canada to the Philippines, it can get very expensive very quickly due to additional fees.

We recommend sticking to bank transfers or debit card deposits, but if you have to, run a quick comparison to find the right money transfer company that offers credit card deposits.

Companies offering money transfers between Canada and the Philippines will have minimum or maximum thresholds on how much you can send or receive across set timeframes.

Exchange rates and fees for different transfer amounts could change and sending regularly could mean losing out.

That’s why it’s best to compare CAD-PHP rates for your specific transfer amount.

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

For sending large amounts of CAD to Philippines without hitting a threshold, we’d recommended Wise. They offer a combination of rates and fees when sending from Canada to the Philippines that is the most competitive, even at larger amounts.

Be sure to check with the recipient and understand any declarations needed on large amounts of money entering the Philippines from Canada.

Options for receiving Philippine Peso in the Philippines include direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all of the 12 providers offering transfers from Canada to the Philippines will support every method for incoming Philippine Peso, so it’s best to check ahead of time.

The most common option is to send directly from Canada to a bank account in the Philippines. 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 Canada and Philippines.

Cash pickup is popular in some parts of Philippines, but not always supported and can be costly compared to cheaper options.

Mobile wallet or P2P services and payment apps like PayPal, Xoom, and CashApp are popular because of convenience, but they come with more limitations and higher costs compared to money transfer providers like Taptap Send.

When sending Philippine Pesos to the Philippines, through a money transfer company, you will need to verify your ID when signing up.

The documents you need can vary and in some cases you might need a couple of options.

Generally, government issued ID such as a passport or driver's license are accepted in Canada. If the recipient needs an ID to collect money in the Philippines, the same applies there. You may also be able use other ID formats, where these aren’t available.

Large transactions between Canada and Philippines can be subject to additional checks such as proof of funds for anti-money laundering purposes. This may also require additional ID checks.

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

As well as proof of funds, when sending large amounts of money between Canada and the Philippines there will be tax declarations to consider. This is also potentially due to regular transactions.

Some transfers into Philippine Peso may need to be reported to tax authorities in the Philippines and Canada, particularly where inheritance or property purchases are involved.

Tax limits and personal allowances do change in the Philippines based on age, income and a few other elements. Everyone’s tax obligations are unique - when in doubt, please contact a tax professional in Canada or the Philippines.