Paying Canada Revenue Agency


#1

Is it possible to do a wire transfer so the receiving party gets the exact amount in CAD? For example if I want them to receive exactly CAD2000. Will they get exactly that amount and I would be charged the conversion and the wire fees?


#2

Wiring from your Revolut account?

Sending exactly 2000 might be a bit tricky as this will be a SWIFT transfer and the fees are a bit unpredictable. Do they offer the possibility to pay by card too? That should be more precise.


#3

Yes they offer a card payment through a third party provider (Plastiq.com or Paysimply.ca) at a cost of 2.5-3%.
Do you know who charges the SWIFT fee?
I know that the receiving bank (The Bank of Nova Scotia) does not charge a fee.


#4

Intermediary banks might charge fees. There is a Revolut blog post about this, explaining international transfers in detail, in case you’re interested.


#5

Paying via card might be the better option in that case. The fees seem to be more predictable.


#6

I am interested indeed. Could you provide the link or reference?