GBP
CADTransfer Money from United Kingdom to Canada
Compare GBP to CAD rates from 7 FCA-regulated providers.
1 GBP = 1.8901 CAD
Send 1,000 GBP
Best rate: 1,884.99 CAD
via Currencies Direct (0.27% margin)
They receive approximately
CAD 1,890.09
At mid-market rate. Provider rates shown below.
1.8850
via Currencies Direct
Seconds - 2 hrs
via Wise
None
via Currencies Direct
£56
vs typical UK bank
Compare GBP to CAD Providers
Sending 1,000 GBP to Canada. Rates are indicative and based on each provider's typical margin from the mid-market rate.
Currencies Direct
Top rated for this transferFee & Exchange Rate
You receive
CAD 1,884.99
Key Currency
Fee & Exchange Rate
You receive
CAD 1,884.42
TorFX
Fee & Exchange Rate
You receive
CAD 1,883.86
XE
Fee & Exchange Rate
You receive
CAD 1,884.80
OFX
Fee & Exchange Rate
You receive
CAD 1,883.29
Wise
Fee & Exchange Rate
You receive
CAD 1,889.15
Western Union
Fee & Exchange Rate
You receive
CAD 1,871.41
How we calculate rates: We show each provider's estimated exchange rate based on their typical margin from the live mid-market rate (1.8901 CAD per GBP). Providers marked with an info icon offer bespoke quotes -- your actual rate may differ. We earn commissions when you use providers through our links. Read our editorial policy.
GBP/CAD Exchange Rate Analysis
Rate trends, provider comparison, and cost breakdown for your 1,000 GBP transfer.
GBP/CAD Rate History (30 Days)
Mid-market rate trend. Current rate: 1.8901
Provider Comparison (CAD Received)
How much CAD you receive from each provider. Grey bar = perfect mid-market rate (no margin).
Cost Breakdown: Currencies Direct
Total cost of this transfer: 0.27% of the mid-market value
Is Now a Good Time to Transfer GBP to CAD?
How today's rate compares to the 12-month trend
12-Month Trend
The GBP/CAD rate is 1.1% above the 12-month average. This could be a good time to transfer.
Past performance does not indicate future rates. Exchange rates are affected by interest rate decisions, inflation data, political events, and market sentiment. This is for informational purposes only, not financial advice.
Deep Dive: Cost & Speed Analysis
Detailed breakdowns to help you choose the best provider for your transfer
Bank vs Specialist Savings
How much more CAD you get using Currencies Direct vs a typical UK bank
1,778.34 CAD
Rate: 1.8239 + £25 fee
1,884.99 CAD
Rate: 1.8850 + no fee
Bank estimate based on typical UK high-street bank margin of 3.5% and £25 transfer fee. Actual bank costs vary. This is for illustrative purposes only.
Delivery Speed to Canada
Estimated time for your transfer to arrive, from fastest to slowest
Cost by Transfer Amount
Total cost (in GBP) at different transfer sizes. Lower is better. Providers with flat fees become more competitive on larger amounts.
Key insight: Currencies Direct has zero fees and a tight margin, making it consistently competitive across all amounts. For transfers over £50,000, contact providers directly for a bespoke rate — it's nearly always better than the online price.
How to Transfer GBP to CAD
Compare Rates Above
Use the provider cards above to see how much CAD you'll receive for your GBP. The live mid-market rate is 1.8901 -- providers typically charge 0.05%-0.80% below this.
Create an Account
Sign up with your chosen provider. You will need valid photo ID and proof of address. Most providers verify you within minutes.
Send Your Transfer
Enter the amount in GBP, add your recipient's bank details in Canada, and confirm. Funds typically arrive within 1-3 business days.
Learn More
How Transfers Work
SWIFT, correspondent banking, and settlement explained.
Mid-Market Rate Guide
What the mid-market rate is and why it matters.
Forward Contracts
Lock in today's rate for up to 24 months ahead.
FCA Regulation Guide
Why regulation matters for your transfers.
Hidden Costs of Transfers
How banks hide fees in exchange rate markups.
Buying Property Abroad
Currency management for overseas real estate.
All Provider Reviews
In-depth expert reviews of every listed provider.
Compare All Rates
Back to the homepage to compare a different corridor.
Key Facts: GBP to CAD Transfers
Payment Network
ACSS / Interac
Typical Speed
1-2 business days
Currency Symbol
C$ (CAD)
Transit Number
Yes -- 5-digit transit + 3-digit institution number
Banking & Payment Details for Canada
Canada uses the Automated Clearing Settlement System (ACSS) for electronic transfers. You will need your recipient's transit number (5 digits), institution number (3 digits), and account number. Some providers also support Interac e-Transfer for smaller amounts. Canadian banks typically do not charge receiving fees for international wire transfers.
Tips for Sending GBP to Canada
CAD is heavily correlated with oil prices. Track Brent crude for GBP/CAD direction.
Canadian banks rarely charge receiving fees, unlike US or Japanese banks.
For immigration-related transfers (proof of funds), keep your transfer receipt as CIC may request it.
The GBP/CAD rate is most active during the London-Toronto overlap (1pm-5pm UK time).
Regulatory & Tax Considerations
Key rules and thresholds when transferring money between United Kingdom and Canada
UK FCA Authorisation Required
All money transfer providers operating in the UK must be authorised by the Financial Conduct Authority (FCA) as an Authorised Payment Institution or Electronic Money Institution. Every provider in our comparison holds an active FCA authorisation. You can verify this at register.fca.org.uk.
UK: Transfers Over £10,000
UK money transfer providers are required to collect additional information for transfers over £10,000 under the Money Laundering Regulations 2017. You may need to provide proof of source of funds (e.g. payslip, sale contract, bank statement). This is standard compliance -- not a sign of a problem.
Capital Gains on Currency Movements
If you hold a foreign currency balance and the exchange rate moves in your favour before converting back to GBP, any gain over the annual exempt amount (£3,000 for 2024/25) may be subject to Capital Gains Tax. This primarily affects people holding large amounts in foreign accounts.
Canada: FINTRAC Reporting
International electronic fund transfers of CAD 10,000 or more (or equivalent) must be reported to FINTRAC by the financial institution. This is automatic and does not affect the speed of your transfer.
Canada: MSB Registration
Money service businesses operating in Canada must be registered with FINTRAC. All reputable UK-to-Canada providers work with registered Canadian partners for the receiving leg of the transfer.
This is general information only and does not constitute legal, tax, or financial advice. Consult a qualified professional for advice specific to your circumstances.
GBP to CAD Transfer FAQs
We're a comparison service, not financial advisors. The information above is for general guidance only. See our terms for full details.
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