Canonical: https://unicorncurrencies.com/receive-money-from/canada/

# Intelligence: Receiving Money from Canada

## Collection Methods

- **EFT (Electronic Funds Transfer):** Canadian domestic bank transfers for business collections. Timing depends on route, funding, review, and receiving-bank handling.

- **Interac e-Transfer:** Canadian transfers widely used by businesses and payers where the route is available. Timing depends on route, funding, review, and receiving-bank handling.

- **LVTS (Large Value Transfer System):** Canadian high-value clearing for business payers. Timing depends on route, funding, review, and receiving-bank handling.

## Benefits

- CAD receive context for Canadian business payers

- Payer and invoice reference matching

- Domestic route context where CAD collection is supported

- Clearer records for cross-border trade finance teams

## Receiving context

- **Timing:** Payment timing depends on currency, route, provider approval, jurisdiction, beneficiary bank, compliance review, and banking cut-off times.

- **Pricing:** Pricing and total payment economics vary by currency, jurisdiction, route, account type, provider arrangement, and approval status.

- **Use case:** Receive CAD business payments from Canadian payers with clearer payer context, references, and reconciliation.