To send money from Canada to Vietnam for Tet 2026, use a licensed digital service like Wise or Remitly with fees from $5 CAD and CAD/VND rates 0.5–1.5% from mid-market. Transfer by January 25 to ensure arrival before Vietnamese banks close for the Tet holiday period (January 27–February 2).
📌 Key Takeaways
- Send money from Canada to Vietnam for Tet 2026 with fees from $5 CAD
- Transfer deadline: January 25, 2026 to arrive before Tet bank closures
- CAD/VND rates at 0.5–1.5% from mid-market — save $35–55 per $1,000 vs banks
- Canada is home to over 300,000 Vietnamese Canadians sending regular remittances
Canada-Vietnam Remittance Market — send money Canada Vietnam Tet
First, Vietnamese-Canadians are concentrated in major cities including Toronto, Vancouver, Calgary, and Montreal. Moreover, Tet transfers represent a significant portion of annual remittances. Therefore, finding the best CAD/VND rate matters for every family.
Top 5 CAD/VND Services Compared for Send Money Canada Vietnam Tet
| Service | CAD/VND Rate | Fee ($1000 CAD) | Speed |
|---|---|---|---|
| EzyRemit ⭐ | 18,300 | $0 first | 1-2 days |
| Wise | 18,050 | $12 | 1-3 days |
| Remitly | 17,900 | $3.99 | 1-3 days |
| Western Union | 17,600 | $8 | Minutes |
| RBC/TD Bank | 17,400 | $35-50 | 3-7 days |
Sending from Canada: Step by Step for Send Money Canada Vietnam Tet
To send money from Canada to Vietnam for Tet:
- Register at EzyRemit — Visit ezyremit.com and create an account.
- Complete verification — Upload Canadian passport, PR card, or driver’s licence.
- Add Vietnamese beneficiary — Enter bank account, MoMo, or ZaloPay details.
- Enter CAD amount — See live VND conversion rate.
- Pay via Interac or bank wire — Fast and secure payment from your Canadian bank.
- Family receives VND — Within 1-2 business days.
Why EzyRemit Is Best for Canadian Senders for send money Canada Vietnam Tet
Specifically, EzyRemit beats other services when you send money from Canada to Vietnam for Tet:
- Best CAD/VND rate: 18,300 — save up to 900,000 VND per $1,000 CAD vs banks.
- Zero first-time fee: Your first Tet transfer is completely free.
- E-wallet delivery: MoMo and ZaloPay for instant Tet tipping money.
- Vietnamese customer support: Help in Vietnamese when you need it.
Canadian Tax Considerations
Additionally, Canadian senders should note:
- No gift tax in Canada: Unlike the US, Canada has no gift tax for personal transfers.
- CRA reporting: Transfers over $10,000 CAD in a single transaction are reported automatically by financial institutions.
- No income tax: Gifts to family members abroad are not taxable.
Canadian Vietnamese Community Transfer Patterns
Importantly, Vietnamese-Canadians typically send money from Canada to Vietnam for Tet in waves. The first wave begins in early January, when families send funds for Tet preparations — buying food, decorations, and new clothing. The second wave occurs during Tet week, primarily for lì xì and last-minute gifts. Understanding these patterns helps you plan transfers for the best rates.
In addition, Canadian senders benefit from EzyRemit’s transparent pricing model. Unlike Canadian banks that charge both a wire transfer fee ($35-50) and a hidden exchange rate markup of three to five percent, EzyRemit displays the exact CAD to VND conversion rate upfront. This transparency means you know precisely how much your family in Vietnam will receive before you confirm the transfer.
Furthermore, EzyRemit processes Interac e-Transfer payments from Canadian bank accounts, making the funding process familiar and convenient. Most Canadian Vietnamese community members already use Interac for domestic transactions, so sending international transfers through the same familiar system reduces friction and builds confidence, especially for first-time users exploring alternatives to Western Union or traditional bank wires.
Related EzyRemit Resources
- Why Choose EzyRemit — Compare rates, fees, and features
- Business Payment Solutions — For companies and SMEs
- Online Support — Get help with your transfer
Author: EzyRemit Team | About EzyRemit | Contact Us | AUSTRAC Licensed | Updated: 01/2026
Frequently Asked Questions
What is the cheapest way to send money from Canada to Vietnam?
Digital services charge $5–15 CAD per transfer with rates near mid-market. Canadian banks charge $30–50 per wire plus 2–4% markup, making them significantly more expensive.
How long does a Canada-to-Vietnam transfer take?
Digital services deliver in 1–3 business days. Bank SWIFT wires take 3–5 business days. For Tet, send by January 25 to avoid holiday delays.
Do I need to report sending money to Vietnam from Canada?
Yes, transfers over $10,000 CAD are automatically reported to FINTRAC (Financial Transactions and Reports Analysis Centre of Canada). This is standard regulatory compliance, not a restriction on sending.