How to Pay Contractors
in Canada
Pay Canada-based contractors via Interac e-Transfer, EFT. Average settlement: < 30 minutes.
Canada Payment Overview
Canadian Dollar · CAD
How You Pay in Canada
You fund in USD, stablecoin (USDC/USDT), or BTC. Your contractor in Canada chooses how they receive it. Bitwage handles the conversion and routing.
Compliance screened
Optimal rail selected
Payment Rails Available in Canada
Choose the right rail for each contractor. Click for full setup instructions.
How Bitwage Works in Canada
Bitwage connects your USD balance to Canada's local payment infrastructure. You fund once, we route to each contractor via their preferred rail.
Fund Your Balance
Deposit USD into your Bitwage Balance. No need to pre-convert to CAD.
Add Contractors
Enter each contractor's payment details — CLABE, IBAN, wallet address, or local account number. Or upload a CSV.
Execute & Settle
Bitwage locks the FX rate, converts, and routes via Interac e-Transfer. You get a settlement confirmation for every payment.
Compliance Notes
Canadian contractors (sole proprietors or incorporated) must register with CRA, collect and remit HST/GST above the $30K threshold, and declare all foreign income. Bitwage performs OFAC and FINTRAC compliance screening.
FX Considerations
The CAD is closely correlated with USD but fluctuates with oil prices and Bank of Canada policy. Bitwage locks the USD/CAD rate at execution to give contractors certainty on their loonie-equivalent payment.
Key Terms
Paying Contractors in Canada FAQ
Common questions about CAD payments, local rails, compliance, and FX.
Interac e-Transfer is Canada's primary bank transfer service, supported by all major Canadian banks. Payments to Autodeposit-enrolled accounts settle in under 30 minutes. Bitwage applies our fx rate lock to USD/CAD conversions at execution.
For Interac e-Transfer, contractors provide their email address linked to an Autodeposit account. For EFT, they provide their institution number, transit number, and account number. See contractor payments for the full onboarding checklist.
Yes. masspay supports batch payment across USD and CAD payees in the same CSV. Canadian contractors receive CAD via Interac or EFT while US contractors receive USD via ACH.
GST/HST registration and remittance are the contractor's responsibility in Canada. Bitwage provides detailed payment records for tax purposes but does not collect or remit Canadian sales tax. Review our contractor vs employee guide for classification guidance under Canadian law.
Bitwage supports dual approval workflows requiring two signers before any payment run executes — useful for Canadian subsidiaries of US companies subject to SOX or internal audit requirements. All payment records are stored in our fbo custody account structure.
Ready to Pay Contractors in Canada?
Fund your Balance once. Pay via Interac e-Transfer in < 30 minutes.