Invoice in CAD (Canadian Dollar)

The Canadian dollar (CAD) is widely used across Canada and is a major currency for trade with North American partners.

If you collaborate with Canadian clients, issuing invoices in CAD keeps totals clear, aligns with local taxes, and avoids currency conversion for customers.

Cakedesk lets you create invoices and proposals in CAD with proper formatting, symbols, and structure.

#A brief history of the Canadian dollar

CAD replaced the Canadian pound in 1858 and adopted a decimal system similar to the US dollar. The currency is commonly referred to as the "loonie" because of the loon bird on the one-dollar coin.

#Where CAD is typically used

CAD is the official currency in:

• Canada

It is also common for:

• Trade and services between Canada and the US
• Technology, resource, and creative industries based in Canada
• Cross-border contracts where Canadian partners set budgets in CAD

#Who typically accepts invoices in CAD?

Invoices in CAD are commonly accepted by:

• Canadian businesses of all sizes
• US and international partners with CAD accounts
• Public-sector organizations and universities in Canada
• Marketplaces and SaaS platforms that support CAD billing

#When should you invoice in CAD?

Invoice in CAD when:

• Your client is based in Canada
• Contracts specify CAD pricing or Canadian sales taxes
• You want to avoid FX costs for Canadian customers
• Your accounting system tracks revenue in CAD

Billing in CAD keeps invoices straightforward for Canadian accounting teams and removes friction for local clients.