How it works
Most vendors in our ranking publish prices in US dollars and bill in US dollars. Your bank or card issuer converts the charge, usually at its own rate plus a fee of around 2.5% on many Canadian business cards. Over a six-month deal that fee adds up.
Ask the vendor whether it can invoice in Canadian dollars or by wire in US dollars from a US-dollar account, which many Canadian companies keep. Change the rate field to the rate on the day you sign.
Source: Bank of Canada daily exchange rates (FXUSDCAD), October 16, 2026. Figures are for planning only and are not legal or tax advice.
Where this matters
- Data room for selling a business in Canada
- Data room for pre-seed and seed rounds in Canada
- Data room for Canadian law firms
FAQ
Which exchange rate should I use for a budget?
For a budget, use the Bank of Canada daily rate and add a margin of a few percent for movement over the deal. Your bank applies its own retail rate on the day it settles the charge.
Do vendors bill in Canadian dollars?
Some do on request, especially on annual or enterprise contracts. Ask during the quote; a CAD invoice removes the exchange risk for the length of the contract.
Is the converted price the final price?
No. Add GST/HST and any provincial sales tax; the sales tax calculator on this site does that for each province.