Remittances for Newcomers in Ontario (2026 Guide)
Everything newcomers settling in Ontario need to know about sending money home from Canada — cheapest ways and providers. Province-specific guide updated 2026.
Remittances in Ontario: What newcomers need to know
Ontario newcomers sending money abroad benefit from the province's competitive financial market. Wise, Remitly, and Western Union all have strong Ontario coverage with physical locations in the GTA. Toronto's Financial District has multiple currency exchange bureaus offering competitive rates. Punjabi and Tamil communities in Brampton and Scarborough have hawala and community transfer networks — legal if you use registered providers. The cheapest options for most corridors from Ontario: Wise (for bank transfers) and Remitly (for cash pickup). Avoid Ontario bank wire transfers — TD and RBC charge $30–50 per transfer plus 2–3% exchange spread.
Complete guide
For the full national picture — including how remittances works for all Canadian newcomers regardless of province — read our complete guide:
RemittancesComplete Canadian Banking Guide →Ontario province guide
For everything newcomers in Ontario need — healthcare, banking, taxes, and key benefits in one place:
ONOntario Newcomer Finance Guide →