Send Money to CANADA

Sending money from India to Canada is one of the common outward remittance needs for Indian residents — the most frequent purposes are university fees, GIC deposits for student visa, immigration funding, and family support. The current indicative CAD rate is around 0.016 CAD per INR — and at Matrix Forex you transact at the live interbank rate with zero markup applied.

At Matrix Forex, we are an RBI-authorised Category II Authorized Dealer (Licence No. NDL-ADII-0023-2023) operating since 2011. Unlike banks that bake 2–3% markup into the quoted rate, we charge zero — what you see in the calculator is exactly what you transact at. Canada requires a GIC (Guaranteed Investment Certificate) of CAD 20,635 for student visa applicants — Matrix Forex handles the SWIFT transfer to Canadian banks.

All transfers to Canada are processed under the RBI's Liberalised Remittance Scheme (LRS), which permits Indian residents to remit up to USD 250,000 equivalent per financial year for permitted purposes including education, family maintenance, medical treatment, and private visits. TCS may apply on remittances above ₹10 lakh per FY (0% on education via loan; 5% on self-funded education and medical; 20% on other purposes). TCS is fully refundable against your annual income tax liability.

Transfers to Canada are processed via the SWIFT network and typically credit to the beneficiary account within 24–48 hours. For transfers initiated before 2 PM IST on business days, same-day processing is available with a SWIFT reference number and real-time WhatsApp updates.