Send money from Canada to Italy at best rates

Highest remittance rate for converting 1 CAD to EUR = 0.68

Best way to send money to Italy from Canada

Ciao La Bella Italia! People are visiting Italy from centuries for tourism and this is flourishing the GDP of Italy as well as foreign exchange in the country very much. Not only this, many people from Italy have now migrated to other countries and send money to Italy to their families, friends and all these reasons have increased the need for money transfer companies. There are few online money transfer companies which are providing their services in and also facilitate secure bank-to-bank transfer, cash pickups, mobile transfers, etc. In the past few years, we have seen the high demand for Canada to Italy corridor as more than two hundred thousand people from Italy are living in Canada and try to find the best way to send money to Italy every month. Therefore, on this page, we provide you with the top companies offering “money transfer to Italy from Canada”.

Please find the list of companies below in a sorted order which is providing the best money transfer services which offer the “cheapest way to send money to Italy” from Canada with the highest exchange rates and low fee.

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Country Guide - Italy

0.69

Mid Market Rate

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0.69

Mid Market Rate

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BEST VALUE FASTEST
Pay-In
Pay-Out
You Pay (Includes Fee € 3) $ 504.3834
Receiving Amount
€ 342.2
Realized Exchange Rate
0.68
currencyfair CAD to EUR Exchange Rate
0.6844
Best Value

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Transfer Time : 1-2 Days
Promoted
Currencyfair is a one of the safest & leading money transfer service provider for sending money from Canada to Italy for sending amount 500. Today’s Currencyfair exchange rate for sending money from CAD to EUR is 0.6844 with a € 3 fee. Based on the Exchange Rate IQ calculations it offers the Best Value for your money transfer. The realized exchange rate after considering the fees is 0.68. The pay in options available are Bank, also you can receive money using Bank, at multiple Currencyfair partner locations. The transfer time usually range between 1-2 Days. For more detailed review of Currencyfair click here
Pay-In
Pay-Out
You Pay (Includes Fee $ 3.99) $ 503.99
Receiving Amount
€ 338.2
Realized Exchange Rate
0.67
worldremit CAD to EUR Exchange Rate
0.6764
1.47% vs Best Value

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Transfer Time :
Promoted
Worldremit is a one of the safest & leading money transfer service provider for sending money from Canada to Italy for sending amount 500. Today’s Worldremit exchange rate for sending money from CAD to EUR is 0.6764 with a $ 3.99 fee. Based on the Exchange Rate IQ calculations it offers 1.47% less than the best value for your money transfer. The realized exchange rate after considering the fees is 0.67. The pay in options available are Bank, Creditcard, Debitcard, also you can receive money using Bankdeposit, at multiple Worldremit partner locations. The transfer time usually range between . For more detailed review of Worldremit click here
Pay-In
Pay-Out
You Pay (Includes Fee $ 4.99) $ 504.99
Receiving Amount
€ 338.45
Realized Exchange Rate
0.67
xoom CAD to EUR Exchange Rate
0.6769
1.47% vs Best Value

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Transfer Time :
Xoom is a one of the safest & leading money transfer service provider for sending money from Canada to Italy for sending amount 500. Today’s Xoom exchange rate for sending money from CAD to EUR is 0.6769 with a $ 4.99 fee. Based on the Exchange Rate IQ calculations it offers 1.47% less than the best value for your money transfer. The realized exchange rate after considering the fees is 0.67. The pay in options available are Bank, also you can receive money using Bank, Cash, at multiple Xoom partner locations. The transfer time usually range between . For more detailed review of Xoom click here
1 More Option Available

You Pay
(Sending Amount + Fee)

Exchange Rate
(xoom / Realized)

Receiving Amount
(Receiving Amount)

$ 509.99
Pay-In :
0.6769 / 0.66
€ 338.45
Pay-Out :
Pay-In
Pay-Out
You Pay (Includes Fee $ 9.94) $ 500
Receiving Amount
€ 337.1613
Realized Exchange Rate
0.66
transferwise CAD to EUR Exchange Rate
0.688
2.94% vs Best Value

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Transfer Time : 3-5 Days
Transferwise is a one of the safest & leading money transfer service provider for sending money from Canada to Italy for sending amount 500. Today’s Transferwise exchange rate for sending money from CAD to EUR is 0.688 with a $ 9.94 fee. Based on the Exchange Rate IQ calculations it offers 2.94% less than the best value for your money transfer. The realized exchange rate after considering the fees is 0.66. The pay in options available are Bank, Creditcard, Debitcard, also you can receive money using Bank, at multiple Transferwise partner locations. The transfer time usually range between 3-5 Days. For more detailed review of Transferwise click here
Pay-In
Pay-Out
You Pay (Includes Fee $ 0) $ 500
Receiving Amount
€ 323.15
Realized Exchange Rate
0.65
ofx CAD to EUR Exchange Rate
0.6463
4.41% vs Best Value

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Transfer Time :
Ofx is a one of the safest & leading money transfer service provider for sending money from Canada to Italy for sending amount 500. Today’s Ofx exchange rate for sending money from CAD to EUR is 0.6463 with a $ 0 fee. Based on the Exchange Rate IQ calculations it offers 4.41% less than the best value for your money transfer. The realized exchange rate after considering the fees is 0.65. The pay in options available are Bank, also you can receive money using Bank, at multiple Ofx partner locations. The transfer time usually range between . For more detailed review of Ofx click here

More Options For Different Sending Amount

We have rates for some more providers but for either less or more sending amount
Venstar Exchange is a US-based Company providing international currency transaction services at wholesale rates to individual and business clients.

Supported Amount - $7107 to $ 1000000
Exchange Rate
0.6733

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More Available Options

You can check rates of some more providers that may support your country
With Xendpay you get the best deal and make a big difference with every transfer
Western Union is an American financial services company which offer money remittance to more than 200 countries across the globe.
Travelex is a money remittance company which is specially known for providing effective services to travelers across the world. People can transfer money online, use its money card and get currency exchanged at its stores. 
<p>Trusted by millions for every kind of online global payment, Skrill now makes payments simple, secure and quick in nearly 200 countries and 40 currencies.</p>
Money2anywhere is a product of UAE Exchange LLC Ltd which has its presence in more than 30 countries with over 150 correspondent banking relationships.
There are more than 200 countries you can send to using MoneyGram. Fees vary depending on where you are sending, how much, and how you are paying

CAD to EUR - Best Money Transfer Service Review Summary

  • Which is the best option available to send money from Canada to Italy after comparison?
  • With our real-time comparison on sending money from Canada to Italy ,
      we have found Currencyfair remittance services who are providing competitive exchange rates.
  • Top 3 companies are - ( Currencyfair, 0.68 ) ( Worldremit, 0.67 ) ( Xoom, 0.67 ) .
  • To remit money in the bank account of Italy, best companies is ( Currencyfair, 0.68 ).
  • Current money transfer offeres/promotions are available with Currencyfair, Worldremit, Ofx money transfer services.
  • For quick money transfer from Canada to Italy with agent service is Xoom with exchange rate 0.67.
  • Available pay in when sending money from Canada to Italy Bank, Creditcard, Debitcard.
  • Available pay out when sending money from Canada to Italy Bank, Bankdeposit, Cash.
  • Other options to transfer money from Canada to Italy are Xendpay, Westernunion, Travelex, Skrill, Money2anywhere, Moneygram .
  • The comparison result was last updated on Jan 28, 2020.
  • For the latest comparison result of Canada to Italy, Please visit ExchangeRate IQ regularly.

MoneyGram Vs Western Union: Which is better?

Western Union is the largest money remittance company across the world while MoneyGram stands at the second position after the Western Union. This shows that both the companies have vast agent network, good customer support and offering services across the globe. Whether it is Western Union or MoneyGram, none of them is the fastest or cheapest option but offers cash pick-up services approximately in every country. So, let’s have a look at the comparison of the top money remittance companies.

Exchange Rates: MoneyGram takes a margin from the real mid-market rates and then provide the rates to its customers which are lower compared to the mid-market rates. This makes the option costly for its customers. The same is Western Union, it also does not offer the real market rates and cut-off the profit margin by offering lower rates compared to mid-market rates but is better than MoneyGram. So, if you want to transfer money to Italy through a cash pick-up service, you should choose the Western Union.

Transfer Fees: Fees of both the companies vary a lot and depends on various factors such as amount, transferring and receiving country, payment method, amount receiving method, etc. Paying from debit and credit card and receiving as cash pick-up is the most costly method of money remittance as it attracts high fees.

Transfer Speed: MoneyGram delivers the amount transferred within 1 day or many times instantly to the recipient while Western Union takes approximately 3 days to deliver funds to the recipient. This shows MoneyGram is much faster compared to Western Union. So, if you have to send any emergency funds, you can choose MoneyGram over Western Union.

Tax guidelines and regulations on the large transfers to Italy

If you are receiving a large amount from your family, then you need to disclose it to the government. If the recipient fails to file taxes on the large transfers, then it can result in penalties that range in between 120% to 240% on the due taxes.

You also need to provide the details if you are receiving more than $10,000 from any of your family member or friends in Italy. Percentage of tax depends on the relationship with the sender, this is:

Spouse, parent or child: Any amount over €1 million taxed at 4%.

Siblings: Any amount over €100,000 taxed at 6%.

Other relatives: The full gift taxed at 6%.

Non-relatives: The full gift taxed at 8%.

Historical Mid Market Exchange Rate From Canada Dollar (CAD) to Euro Member Countries (EUR) (Weekly)

Current Exchange Rate(Mid Market) :- 0.69 EUR/CAD

Mid-market Rate is a currency exchange rate. Usually traders in currency exchange market have two exchange rates -
  • Selling exchange rate - at which sellers are willing to sell a particular currency and
  • Buying exchange rate - at which buyers are willing to buy a particular currency.
Mid-market rate is the mid-point of these two rates. This is the most transparent and the most accurate exchange rate. It is also known as “Interbank Rate” or “Spot Rate” or “Real Exchange Rate”. This is the rate which independent sources like Reuter, Google etc show.

Compare Currency Conversion CAD To EUR

Send Canada Dollar To ITALY Receive Euro Member Countries
1 CAD TO EUR 0.69
50 CAD TO EUR 34.5
100 CAD TO EUR 69
250 CAD TO EUR 172.5
500 CAD TO EUR 345
1000 CAD TO EUR 690
5000 CAD TO EUR 3450
10000 CAD TO EUR 6900
Send Euro Member Countries Receive Canada Dollar From ITALY
1 EUR FROM CAD 1.45
50 EUR FROM CAD 72.46
100 EUR FROM CAD 144.93
250 EUR FROM CAD 362.32
500 EUR FROM CAD 724.64
1000 EUR FROM CAD 1449.28
5000 EUR FROM CAD 7246.38
10000 EUR FROM CAD 14492.75

Click To Compare Money Transfer Services For The Following

USD

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