Question 1

What is the best way to send money from Canada to Sri Lanka?

Accepted Answer

Today, Remitly delivers the highest amount — Rs2,33,155 for every CA$1,000 sent, at a rate of 233.6200 LKR per CAD. Compare every provider's true cost (rate plus fee) above before deciding.

Question 2

What is today's CAD to LKR exchange rate?

Accepted Answer

The mid-market rate right now is approximately 1 CAD = 234.7940 LKR. This is the rate banks use among themselves — providers add a margin on top, which is why the rate you actually get is lower.

Question 3

How much does it cost to send CA$1,000 to Sri Lanka?

Accepted Answer

Costs vary significantly. The best provider (Remitly) gives you Rs2,33,155 after fees. The worst (OFX) only gives you Rs2,25,274. That's a difference of Rs7,881 on a single CA$1,000 transfer.

Question 4

How long do transfers take?

Accepted Answer

Speed varies by provider and payment method. Remitly typically completes in minutes. Cash pickup networks like MoneyGram, Western Union and Xoom are usually fastest (minutes). Bank wires and ACH transfers can take 1–3 business days.

Question 5

Are there taxes on sending money to Sri Lanka?

Accepted Answer

In most cases, sending money internationally is not taxable for the sender. However, large transfers (typically over $10,000 USD or equivalent) may require reporting to financial authorities such as FinCEN in the US or HMRC in the UK. The recipient country may have its own rules. Always check with a tax professional for your situation.

Provider	Fee	Rate	Recipient gets	Speed
1 RemitlyBest value	CAD 1.99	233.62	Rs2,33,155	Minutes	Send
2 Wise	CAD 10.37	234.79	Rs2,32,359	Within hours	Send
3 Xoom	Free	227.07	Rs2,27,072	Minutes	Send
4 OFX	CAD 15.00	228.70	Rs2,25,274	1–2 days	Send

Send Money from Canada to Sri Lanka — Best CAD/LKR Rates

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