Payouts to Canada
Pay Canadian dollars from USDT or USDC
Canada's corridor pays suppliers and contractors in Toronto, Vancouver and Montréal, and the resource and technology companies that invoice in Canadian dollars. XEROF pays CAD to a Canadian bank account from a USDT or USDC balance, business to business and business to consumer, up to CAD 600,000 per payment.
How a payout to Canada works
This corridor is for companies paying out. A private client paying a Canadian business settles in USD to their own account first, or uses the United States corridor, because consumer to business payments in CAD are not available.
- Payout currency
- CAD
- Paid to
- Bank account in Canada
- Payment types
- B2B (business to business), B2C (business to consumer)
- Maximum per payment
- CAD 600,000 per payment
- Rails
- Local bank transfer in CAD
- Pricing
- Per corridor: the CAD leg is quoted per payment on the confirmation
Who pays Canadian dollars this way
- A company settling a Canadian software, engineering or media supplier in CAD.
- A business paying Canadian contractors to their own accounts.
- A treasury payment to a Canadian distributor or counterparty from a stablecoin balance.
Paying Canada from Zug: timing and practicalities
Toronto is six hours behind Zug and Vancouver nine. A Canadian dollar payment confirmed in the Swiss morning is queued for the opening of Canadian banking and credited the same day; one confirmed in the Swiss afternoon credits the next Canadian banking day.
Canadian accounts are addressed by the three-digit institution number, five-digit transit number and account number, which together identify the branch. Companies paying Canadian contractors use the business to consumer type; consumer to business payments are not available in this corridor.
What XEROF needs before the first payment
- Beneficiary name, institution number, transit number and account number.
- The invoice or contract the payment settles.
A worked example in CAD
- You send
- USDC 80,000 on ERC-20
- XEROF converts
- USD 80,000 at the live rate
- Beneficiary receives
- CAD to the supplier's account, within CAD 600,000 per payment
- Fees on this example
- Brokerage fee plus the quoted CAD leg
Common questions
- Can I send an Interac e-Transfer?
- No. Payouts in this corridor are bank transfers addressed by institution, transit and account number. Interac e-Transfer by email or phone is not a payout destination.
- What is the maximum for a CAD payout to Canada?
- CAD 600,000 per payment, set by the receiving market.
Canada: limits set by the receiving market, availability subject to screening and partner requirements, indicative and not an offer. See the coverage table.
Open a XEROF account to pay Canadian dollars in Canada.