Are you expecting funds from your foreign parent company? Or is it the other way around, and you need to send back some of the earnings made in Canada? Most financial institutions will help you carry out these transactions in the currency of your choice and in total security. Everyday transactions can be done in just a few clicks on their web platform.

Exports and imports

Financial institutions are also good partners in securing payment for your international trade transactions, with:

• Export documentary credit, which will guarantee that your Canadian subsidiary is paid for goods and services it sells outside Canada.
• Import documentary credit, whereby payment to your foreign suppliers depends on you receiving the goods ordered.