Aerospace Components — Pay Canadian Suppliers Faster, Cheaper
Import aircraft parts, aerospace components, and aviation equipment. And your bank makes it worse — 3-day settlements, 2-4% hidden FX spreads, and zero visibility into what your payments actually cost.
We built payment infrastructure for aerospace components businesses. 0.5% spreads. Same-day CAD settlement. Free container tracking.
Get a Quote for Your Next Canadian PaymentAerospace Components margins are too thin to donate 2-4% to your bank on every supplier payment.
Before we show you a single number, know this: we are regulated, audited, and transparent. Our pricing is published. Our client funds are segregated. These aren't marketing claims — they're regulatory requirements we meet daily.
These aren't marketing claims — they're regulatory requirements we meet daily.
Save £2,025 per £100k Payment
Typical savings for Aerospace Components paying Canada suppliers
- ❌ 2-3 day settlement
- ❌ Hidden FX margins
- ❌ High correspondent bank fees
- ❌ Manual compliance checks
- ✓ Settles in seconds — 2.3 second average
- ✓ Transparent pricing
- ✓ Interac e-Transfer for Business available
- ✓ 0.14s automated compliance
At £400k-£5M monthly volume, save £24,300/year
What Challenges Do Aerospace Components Businesses Face Paying Canada?
Industry Pain Points
- Strict certification requirements (EASA/FAA)
- Long lead times for certified parts
- Documentation traceability
- AOG (Aircraft on Ground) urgency
Country-Specific Considerations
- Bank of Canada and FINTRAC oversight
- GST/HST (5-15% depending on province) documentation
- Business Number (BN) required for tax purposes
- PIPEDA compliance for data privacy
How Do Aerospace Components Businesses Typically Pay Canadian Suppliers?
Fast Settlement: Settles in seconds — 2.3 second average
Use Interac e-Transfer for Business for instant CAD settlement. Instant business payments up to CAD $25,000, email-based
Real-Time FX Exposure Tracking
Upload supplier invoices as PDFs. Our AI OCR extracts amounts and currencies. See exactly what waiting costs you in real-time. Lock rates for 15 seconds when you see a good rate.
0.14s Compliance Screening
Automated compliance checks for Canada regulations. Bank of Canada and FINTRAC oversight handled automatically.
How Aerospace Components Businesses Typically Pay Canadian Suppliers
If you're importing in this sector, you're likely dealing with a mix of payment terms. Here's how they work — and why speed matters.
⏱ Payment Timing
AOG: immediate payment, premium pricing. Scheduled MRO: Net 30-45. OEM contracts: milestones.
📄 Invoice Terms
Immediate (AOG), Net 30-45 (scheduled), milestones (OEM). Credit lines for MRO shops.
MRO cycles. Fleet age determines demand. AOG unpredictable urgency. OEM contracts: project-based.
📊 FX Risk Profile
MODERATE: USD (dominant), EUR (Airbus). High margins and contract pricing provide buffer. AOG unpredictable.
Certified supplier networks. AS9100 audited. OEM relationships. Brokers for hard-to-find parts. Trust and certification essential.
Common Documentation for Aerospace Components
- Certificate of Conformity
- EASA Form 1
- FAA 8130-3
- Traceability Documentation
- Test Reports
Popular Canada Supplier Types for Aerospace Components
Common Canada Suppliers
- Resource extraction equipment (Calgary, Edmonton)
- Auto parts manufacturers (Toronto, Windsor)
- Agricultural suppliers (Winnipeg, Regina)
- Aerospace components (Montreal, Winnipeg)
Payment Tips for Canada
- Canada = Natural resources leader, manufacturing hub (auto, aerospace)
- Interac e-Transfer fastest for payments under CAD $25k
- Strong US trade ties - many suppliers serve both markets
- Provincial tax variations - HST rates differ by region
Frequently Asked Questions: Aerospace Components Payments to Canada
How do Aerospace Components businesses pay suppliers in Canada?
Aerospace Components businesses can pay Canada suppliers instantly using Unicorn Currencies. We offer a 0.5% FX spread with 2.3-second average settlement using local payment rails like Interac e-Transfer for Business. This is significantly faster and cheaper than traditional SWIFT transfers which take 2-3 days.
What banking details do I need for Canada Aerospace Components suppliers?
To pay Aerospace Components suppliers in Canada, you need the recipient's Institution + Transit (9-digit transit number and 3-digit institution number), account number, and beneficiary name. Our platform validates these details automatically to ensure successful payment delivery.
How much can Aerospace Components businesses save on Canada payments?
Aerospace Components businesses typically save 80% compared to traditional banks when paying Canada suppliers. On a £100k transaction, that's £2,025 in savings. With Unicorn Currencies, you pay just 0.5% FX spread + £5 per payment vs banks charging 2.5% spread + £30 fees.
Is container tracking available for Aerospace Components shipments from Canada?
Yes, Unicorn Currencies offers FREE container tracking for Aerospace Components shipments from Canada. You receive real-time visibility into your cargo, including demurrage alerts to help avoid costly port storage fees. This feature is included at no extra cost with your payment account.
What currencies do Aerospace Components businesses typically use with Canada?
Aerospace Components businesses typically convert GBP to CAD when paying Canada suppliers. Unicorn Currencies provides live exchange rates with a transparent 0.5% spread, and you can lock rates for 15 seconds when you see a favorable rate. Our AI-powered invoice OCR can automatically extract amounts and currencies from supplier invoices.
Ready to Pay Canada Suppliers 80% Cheaper?
Join Aerospace Components businesses saving £2,025 per £100k payment with t+0 (2.3s avg within unicorn network).
Bank of Canada registered PSP | FINTRAC licensed MSB