Transfer Money to Canada

Reliable, Quick, and Cost-Effective Way to Send Money from India to Canada

Looking to send money to Canada for education, family support, or medical needs? Matrix Forex offers a simple, secure, and RBI-approved method for your international money transfers. With our trusted forex services, you can enjoy smooth and efficient online money transfer to Canada with competitive rates and low fees.

Why Matrix Forex Is the Right Choice for Transferring Money to Canada

RBI-Regulated Services:

Your transfers are carried out in full compliance with the Reserve Bank of India’s regulations.

Attractive Exchange Rates:

Get more value with highly competitive forex conversion rates.

Minimal Charges:

Save more with our low processing and service fees.

Fast and Secure Remittances:

Our system enables quick money transfer to Canada with timely delivery.

Convenient Digital Experience:

Complete your online money transfer to Canada from the comfort of your home.

Expert Assistance:

Our team is available to guide you at every step of your money transfer services journey.

How to Transfer Money from India to Canada

Transferring funds with Matrix Forex is fast, easy, and fully online. Here’s a breakdown of the process:

Create an Account: Sign up on the Matrix Forex website to get started.
Enter Transfer Details: Provide recipient information, amount, and destination country (Canada).
Select the Transfer Purpose: Choose your remittance category — education, family support, medical expenses, or others, as per the liberalised Remittance Scheme (LRS).
Upload Required Documents: Submit scanned copies of passport, PAN card, visa, and ticket (if applicable) — all per RBI-approved norms.
Complete Payment: Pay using our secure payment gateway.
Track Your Transaction: Follow the real-time status of your transfer to Canada via your dashboard.

Why People in India Transfer Money to Canada

Under the RBI’s Liberalised Remittance Scheme (LRS), you are allowed to remit up to USD 250,000 per financial year. Common remittance purposes include:

Higher Education:

Tuition and living expenses for students in Canadian universities.

Medical Treatment:

Payments for healthcare services in Canada.

Support for Family:

Financial help for relatives residing in Canada.

Work-Related Transfers:

Cover relocation or job-related expenses.

Emigration Costs:

Funding for settling in Canada permanently.

Tourism and Private Travel:

Send money ahead of your personal visit.

What to Know Before Transferring Money to Canada

Every country has specific banking norms, including Canada. When you initiate a money transfer to Canada, here are a few details to prepare:

SWIFT Code & Transit Number:

Make sure to collect the correct SWIFT/BIC and Canadian bank transit numbers.

Recipient Account Details:

Name, account number, and bank address must be accurate.

Purpose Clarification:

Clearly define why you’re sending funds – documentation may be requested.

Tax Guidelines:

Understand any potential tax obligations both in India and Canada for the recipient.

Proof of Relationship:

If sending to relatives, documentation may be needed to justify the transaction under RBI guidelines.

Ready to Transfer Money to Canada?

Matrix Forex is your trusted partner in forex services and money transfer services. Enjoy peace of mind with our secure platform, fast delivery, and professional support when you transfer money to Canada.