Send Money from Canada to Japan
Businesses in Canada paying Japan suppliers for Automotive. Send CAD from Canada, receive JPY in Japan with t+0 (2.3s avg within unicorn network).
Save £2,330 per £100k Payment
Canada to Japan corridor savings
- ❌ 2-3 day settlement
- ❌ Multiple correspondent banks
- ❌ Hidden FX margins
- ❌ High SWIFT fees
- ✓ T+0 (2.3s avg within Unicorn network)
- ✓ Local CAD collection
- ✓ Transparent 0.5% spread
- ✓ Zengin System
Sending from Canada: What You Need to Know
CAD Origin Specifics
- CAD commodity currency (tracks oil/resources)
- Interac e-Transfer for fast payments
- FINTRAC oversight
Your Local Advantages
- Local CAD account available
- EFT (Electronic Funds Transfer) instant collection
- No correspondent bank fees on origin side
Paying Suppliers in Japan: Compliance & Requirements
Regulatory Considerations
- Foreign Exchange and Foreign Trade Act compliance
- Japan Customs documentation for goods imports
- Consumption Tax (10%) documentation
- JFSA (Financial Services Agency) oversight
Payment Best Practices
- Japan = Quality manufacturing, automotive/electronics leader
- Zengin System standard for domestic payments
- Strong quality control - documentation critical
- Relationship-based business culture - long-term partnerships valued
Canada → Japan Corridor Insights
Popular Industries
- Automotive
- Electronics
- Machinery
Peak Trading Hours
EST/PST (GMT-5/-8) to GMT time zone consideration
Typical Volume
£100k-£500k
Frequently Asked Questions: CAD-JPY Payments
How fast are CAD-JPY payments?
CAD-JPY payments settle in an average of 2.3 seconds wallet-to-wallet when using Unicorn Currencies' local rails, or 1-3 days via traditional SWIFT depending on the route and correspondent banks involved.
What does a CAD-JPY transfer cost?
Unicorn Currencies charges a 0.5% FX spread plus a flat fee of £5 per payment for CAD-JPY transfers. This is significantly cheaper than traditional banks which typically charge 2-4% in hidden FX margins plus high SWIFT fees.
What exchange rate do I get for CAD-JPY?
You get real-time wholesale CAD-JPY exchange rates with 15-second rate locks. Our rates are sourced from institutional FX markets, giving you the same pricing that banks use for their own trades.
Can I lock the CAD-JPY rate in advance?
Yes, forward contracts are available for CAD-JPY payments. You can lock in today's rate for future payments, protecting your business from currency fluctuations for up to 12 months.
What details do I need for CAD-JPY payments?
Beneficiary details vary by destination. For Japan payments, you typically need the recipient's local account details (Zengin System), account number, and beneficiary name. Some destinations may also require local clearing codes.
Ready to Send CAD from Canada to Japan?
Save 82% on every payment with t+0 (2.3s avg within unicorn network). Local CAD collection available.
Bank of Canada registered PSP | FINTRAC licensed MSB