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Enter any amount to see the exact converted value at today's live interbank rate — zero markup applied.
Today's Exchange Rates
INR to CAD — Everything You Need to Know
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1 INR to CAD today
The mid-market rate is the midpoint between the buy and sell prices on the global currency market. It is what Google shows. It is not what your bank charges.
The CAD to INR rate moves on Bank of Canada policy decisions and on commodity prices — Canada is a major exporter of crude oil, natural gas, and lumber, so the dollar tracks oil markets closely. US economic data also influences the CAD because the US is Canada's largest trading partner. Risk-on global markets typically support the CAD.
The rate you see on Google is a reference number. The rate you transact at depends on who you buy from.
GST on the service component (tiered) + TCS above ₹10 lakh per FY apply per LRS rules. Disclosed upfront.
What 1 INR to CAD actually costs you
Here is where most parents lose money when funding Canadian studies without realising it. A bank quoting CAD at the mid-market rate plus a markup will not show that markup as a separate line item. It is built into the exchange rate.
Canadian university fees, GIC deposits, and living expenses run into significant CAD amounts each year. Even a small per-CAD markup compounds into a meaningful rupee figure across an annual fee transfer. SDS-route GIC funding plus tuition wires plus monthly living expense transfers add up quickly across a multi-year programme.
There are typically three cost layers on a CAD conversion: the exchange rate markup built into the quoted rate, a SWIFT or transfer fee, and GST charged on the service component.
Matrix Forex sells Canadian dollars at the live interbank rate without a markup.
Ways to convert INR to CAD
A bank wire transfer is the standard route for university fees, GIC deposits, and accommodation payments. Processing takes one to three working days with the bank's exchange rate plus SWIFT charges.
Online forex providers let you book a rate online, then choose branch pickup or door delivery. The booking locks the rate before payment.
A forex card is a prepaid card loaded with Canadian dollars before travel. It works at point-of-sale and ATMs across Canada. The Matrix Forex Card supports CAD alongside 27 other currencies.
For smaller amounts, branch cash exchange remains the fastest option.
Tax and limits on INR to CAD
Under the Liberalised Remittance Scheme, an Indian resident individual can remit up to USD 250,000 (or its CAD equivalent) per financial year for permitted purposes — travel, education, medical, family support, gifts, and investments.
TCS applies above ₹10 lakh per person per financial year. Education funded through a loan from a Section 80E recognised institution is at 0% TCS regardless of amount — this matters for parents funding Canadian degrees. Self-funded education and medical are at 5% above ₹10 lakh. Other LRS purposes including travel and gifts are at 20% above ₹10 lakh.
TCS is not a final tax. It is adjusted against your annual income tax liability.